| Tue 27 May 2008, 17:26 | | OAO - Oando Plc - Results Of Annual General Meeting |
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OAO
UNTP
OAO - Oando Plc - Results Of Annual General Meeting
Oando Plc
(Incorporated in Nigeria and registered as
an external company in South Africa)
Registration number RC6474
(External company registration number 2005/038824/10)
Share code on the JSE Limited: OAO
Share code on the Nigerian Stock Exchange: UNTP
("Oando" or "the Company")
Results of Annual General Meeting
Final dividend number 17 and bonus issue of ordinary shares now
unconditional
Dividend and bonus issue
In an announcement dated 22 April 2008, shareholders of Oando were informed
that the directors of Oando had recommended a final dividend of Six Naira
(N6.00) per ordinary share of fifty kobo and an issue of bonus shares at
the rate of one ordinary share of fifty kobo for every five ordinary shares
of fifty kobo each held. Both the dividend and the bonus issue were
subject to the approval of shareholders at the Annual General Meeting
convened to be held on 27 May 2008, and are payable to shareholders who
were recorded in the registers of Oando at the close of business on Friday,
9 May 2008.
Results of Annual General Meeting
All the resolutions proposed at the Annual General Meeting were duly passed
by the requisite majority of shareholders present and voting at the
meeting.
The remaining salient dates applicable to the dividend and bonus issue are:
Dividend payment date in Nigeria Friday, 30 May 2008
Trading in bonus shares commences on the Friday, 30 May 2008
JSE
Dividend payment date in South Africa Wednesday, 4 June 2008
(electronic and certificated register)
Accounts with CSDPs and brokers credited Friday, 6 June 2008
in South Africa or issue of new share
certificates re the bonus issue effected
On Wednesday, 4 June 2008, dividends due to certificated shareholders on
the South African registry will either be electronically transferred to
shareholders` bank accounts or, in the absence of suitable mandates,
dividend cheques will be posted to such shareholders.
Shareholders who hold dematerialised shares will have their accounts, at
their Central Securities Depository Participant or broker, credited on
Wednesday, 4 June 2008 in respect of the dividend and on Friday 6 June 2008
in respect of the bonus issue.
Currency conversion
The currency conversion at 11:00 South African time on 21 April 2008 was 1
Rand = Naira 15.157. Accordingly, the dividend of Six Naira (N6.00) per
ordinary share equates to 39.6 cents per ordinary share.
Withholding tax
Shareholders are advised that a withholding tax of 10% is payable by all
shareholders on the dividend. Accordingly the dividend net of withholding
tax is Five Naira Forty Kobo (N5.40) (35.64 cents per ordinary share).
Johannesburg
27 May 2008
Sponsor:
Deutsche Securities (SA) (Proprietary) Limited
Date: 27/05/2008 17:26:09 Produced by the JSE SENS Department.
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