OANDO PLC - Results of AGM

Release Date: 27/07/2018 14:50
Code(s): OAO
 
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Results of AGM

Oando PLC
(Incorporated in Nigeria and registered as
an external company in South Africa)
External Registration number: RC 6474
Company registration number: 2005/038824/10
Share Code on the JSE Limited: OAO
Share Code on the Nigerian Stock Exchange: OANDO
ISIN: NGOANDO00002
(“Oando” or the “Company”)

RESULTS OF THE 41st ANNUAL GENERAL MEETING

The following resolutions proposed in the notice to shareholders, were unanimously passed at the 41st Annual
General Meeting of the Company held at 10:00a.m Nigerian Time on Friday, 27th July 2018:

1. Election of Members of the Audit Committee
   The following persons were elected as members of the Audit Committee for the 2018 Accounts:

        -  Ike Osakwe
        -   Mobolaji Osunsanya
        -   Tanimu Yakubu
        -   Edah Jackson
        -   Dr. Joseph Asaolu
        -   Olusegun David Oguntoye

2. Re-appointment of Auditors
   The Company re- appointed Ernst and Young as its auditors.

3. Fixing of Auditors’ Remuneration
   The Directors were authorized to fix the auditors’ remuneration.

4. Election of Directors
   The following directors, whose term expired, were elected as a Director of the Company:

        -   Alhaji Bukar Goni Aji with effect from January 19, 2018
        -   Mr. Muntari Zubairu with effect from February 5, 2018

5. Re-election of Directors
   The following directors who retired by rotation, were re-elected as Directors of the   Company:

        -   Chief Sena Anthony;
        -   Mr. Ike Osakwe;
        -   Mr. Ademola Akinrele SAN

6. Approval of the remuneration of non-executive directors
   The remuneration of the non-executive directors of the Company were fixed at N5,000,000 per annum for the
   Chairman and N4,000,000 each per annum for all other non-executive directors with effect from 1 January 2018;
   which fees are payable quarterly in arrears.

27 July 2018
Lagos

JSE Sponsor
Sasfin Capital (a member of the Sasfin group)

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