OANDO PLC - Further announcement regarding the extension of closing date of rights issue

Release Date: 08/02/2013 14:58
Code(s): OAO OAON
Wrap Text
Further announcement regarding the extension of closing date of rights issue

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
(“Oando” or the “Company”)


Shareholders are referred to the extension announcement
released on the Stock Exchange News Service (“SENS”) on 5
February 2013, informing shareholders that the closing date of
the proposed Rights Issue of 4,548,236,276 ordinary shares of
50 kobo each at NGN 12.00 per share on the basis of two (2)
new ordinary shares for every one (1) ordinary share of 50
kobo each held (the “Rights Issue”), had been extended from
Wednesday, 6 February 2013 to Wednesday, 20 February 2013, and
to the revised timetable set out therein. The following in
respect of the timetable is clarified below:

The expected date for allotment of the Excess Rights Issue shares
will be on or about Wednesday, 24 April 2013. Shareholders who
have applied for either or both the Rights Issue and the Excess
Rights Issue shares should make payment in respect of the
relevant shares on Wednesday, 20 February 2013, to be held in
escrow until the listing and issuing of the Rights Issue shares
and Excess Rights Issue shares anticipated to take place on or
about Wednesday, 5 June 2013. This applies to certificated
shareholders as well as dematerialised shareholders.

08 February 2013

Financial Adviser, JSE Transaction Sponsor and JSE Sponsor
Macquarie First South Capital (Proprietary) Limited

Date: 08/02/2013 02:58:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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