OANDO PLC - Results of AGM

Results of AGM

 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”)




RESULTS OF THE 43rd ANNUAL GENERAL MEETING
The following resolutions proposed in the notice to shareholders, were unanimously passed at the 43rd
Annual General Meeting of the Company held at 10:00 a.m Nigerian Time on Wednesday August 10, 2022:

1. Election of Members of the Audit Committee

  The following persons were elected as members of the Audit Committee:
   i.       Ike Osakwe
   ii.      Tanimu Yakubu
   iii.     Olusegun David Oguntoye
   iv.      Dr. Joseph Asaolu
   v.       Prince (Dr) Anthony Omoniyi Omojola

2. Re-appointment of Auditors

   This resolution was stepped down and no auditor was appointed or re- appointed by the members.

3. Election of Directors

  The following directors were elected as non-executive Directors with effect from December 23, 2021:
  i.       Mrs. Nana Fatima Mede, and
  ii.      Mrs. Ronke Sokefun

  The following director was elected as a Director with effect from February 18, 2022:
  i.       Adeola Ogunsemi

4. Re-election of Directors

  The following directors who retired by rotation, were re-elected as Directors of the   Company:
  i.       Mr. Ike Osakwe,
  ii.      Mr. Ademola Akinrele SAN, and
  iii.     Dr. Ainojie Alex Irune.

5. Deeming Resolution for the 43rd AGM of the Company
  The general meeting at which the 2019 financial statement was laid before the shareholders, and the
  other standard business of an Annual General meeting taken, was deemed as the 43rd Annual General
  Meeting of the Company.

6. Approval of the remuneration of non-executive directors

   The remuneration of the non-executive directors of the Company was 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 2019; which fees are payable quarterly in arrears.

7. Mandate Authorizing Transactions with Related Parties/Interested Persons

  A general mandate was given, authorizing the Company to procure goods, services and financing and
  enter into such incidental transactions necessary for its day-to-day operations with its related parties or
  interested persons on normal commercial terms consistent with the Company’s Transfer Pricing Policy.
  All transactions falling under this category which were earlier entered into prior to the date of the meeting
  were ratified.

8. 44th Annual General Meeting

  Pursuant to the directive of the Corporate Affairs Commission, it was resolved that the audited financial
  statements for the year ended December 31, 2020, and December 31, 2021, and the reports of the
  Directors, Auditors and Audit Committee thereon should be laid at a General Meeting which will be
  deemed to be the 44th Annual General Meeting of the Company.

  For: Oando PLC

  Ms. Ayotola Jagun
  Chief Compliance Officer & Company Secretary

  Lagos

  11 August 2022
  JSE Sponsor to Oando
  Questco Advisory Services
Date: 11-08-2022 07:05:00
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