| Tue 29 Jul 2008, 16:00 | | OAO - Oando Plc - Declaration Of Interim Dividend Number 2 |
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OAO
UNTP
OAO - Oando Plc - Declaration Of Interim Dividend Number 2
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 & ISIN Code: NG00000UNTP0
Share code on the Nigerian Stock Exchange: UNTP
("Oando" or "the Company")
Declaration of interim dividend number 2
Dividend
The board has declared an interim dividend of three Naira (Naira 3.00) for each
ordinary share of 50 kobo each, payable on the 30th September 2008 to those
shareholders, whose names appear in the Company`s Register of Members (Nigerian
& South Africa) at the close of business on Friday, 15th of August, 2008 (2007:
Naira 0.00 per ordinary share) for the six months to 30 June 2008.
Currency conversion at 11:00 South African time Friday, 25 July 2008
on
Last day for trading to qualify for and Friday, 8 August 2008
participate in the dividend (cum dividend)in
South Africa
Trading ex dividend in South Africa commences Monday, 11 August 2008
on
Record date in South Africa Friday, 15 August 2008
Record date in Nigeria Friday, 15 August 2008
Register of members and Transfer Books Closed 18 August - 22 August 2008
in Nigeria
Dividend payment date in Nigeria Tuesday, 30 September 2008
Dividend payment date in South Africa Tuesday, 30 September 2008
(electronic and certificated register)
On Tuesday, 30 September 2008 payment 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 Tuesday, 30
September 2008. Share certificates may not be dematerialised or rematerialised
between Monday, 11th August 2008 and Friday 15th August 2008, both days
inclusive.
Currency conversion
The currency conversion at 11:00 South African time on 25 July 2008 was 1 Rand =
Naira (15.82). Accordingly, the dividend of three Naira (Naira 3.00) per
ordinary share equates to (18.96) 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
Two Naira Seventy Kobo (Naira 2.70) ((17.06) cents per ordinary share).
Johannesburg
29 July 2008
Sponsor:
Deutsche Securities (SA) (Proprietary) Limited
Date: 29/07/2008 16:00:02 Produced by the JSE SENS Department.
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