OANDO PLC - Oando Plc Announces Federal High Courts Adjournment of Hearing on its Scheme of Arrangement

Oando Plc Announces Federal High Court’s Adjournment of Hearing on its Scheme of Arrangement

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


   OANDO PLC ANNOUNCES FEDERAL HIGH COURT'S ADJOURNMENT OF HEARING ON ITS SCHEME OF ARRANGEMENT

                                             6th February, 2024


Oando PLC (referred to as "Oando" or the "Company"), Nigeria's leading indigenous energy group listed
on both the Nigerian Exchange Limited (NGX) and Johannesburg Stock Exchange (JSE), hereby wishes
to notify the public and its shareholders that the Federal High Court, Lagos Division (the "Court") has further
adjourned the petition in Suit No: FHC/L/CP/494/2021-Venus Construction Company Limited &13 others
vs. Ocean and Oil Development Partners Limited and Oando PLC, which was filed in Court on March 25,
2021 (the "Petition") to April 17th 2024.


The adjournment to 17th April 2024 is for the Court to hear pending applications brought before it by certain
shareholders seeking to be joined to the Petition and challenging the Court's order dated June 7, 2022,
which among other orders, directed the Company to file its Scheme of Arrangement document (the
"Scheme Document") with the Securities and Exchange Commission (SEC) and the NGX within 30 days.


Ends


For further information, please contact:


Ayotola Jagun
Company Secretary
The Wings Office Complex, 17a Ozumba Mbadiwe Avenue, Victoria Island, Lagos, Nigeria.
Tel: +234 (1) 270400, Ext 6159
ajagun@oandoplc.com


For Oando PLC
Ayotola Jagun
Chief Compliance Officer & Company Secretary

JSE Sponsor to Oando
Questco Corporate Advisory Proprietary Limited

Date: 06-02-2024 04:52:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.