| Wed 30 Sep 2009, 9:05 | | OAO - Oando Plc - Results of the extra-ordinary general meeting |
|
OAO
UNTP
OAO - Oando Plc - Results of the extra-ordinary general meeting
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 EXTRA-ORDINARY GENERAL MEETING
Shareholders are advised that the following resolutions proposed in the notice
to shareholders, were unanimously passed at the extra-ordinary general meeting
of the Company held at 10:00 on Tuesday, 29September 2009, as follows:
1. Increase of Authorised Share Capital
The shareholders approved that the Authorised Share Capital of the Company
be and is hereby increased from NAIRA5,000,000,000 (Five Hundred Million
Naira) ($3,825,555 (Three Million, Eight Hundred and Twenty-Five Thousand
Five Hundred and Fifty-Five Hundred Dollars)) to NAIRA1,000,000,000 (One
Billion Naira) ($7,651,109 (Seven Million Six Hundred and Fifty One
Thousand, One Hundred and Nine Dollars)) by the creation and addition
thereto, of 1,000,000,000 (One Billion) Ordinary Shares of 50 Kobo (Fifty
Kobo) (US cents 0.38 ) each, such new shares to rank pari passu in all
respects with the existing Ordinary Shares in the capital of the Company.
The special resolution will be lodged with the Corporate Affairs
Commission, Abuja, Nigeria for registration.
2. Approval of the amendment of the Memorandum and Articles of
Association of the Company
The shareholders resolved that Clause 6 and Article 3 respectively of the
Company`s Memorandum and Articles of Association be and are hereby amended
to reflect the new authorised share capital of NAIRA1,000,000,000 (One
Billion Naira) ($7,651,109 (Seven Million Six Hundred and Fifty One
Thousand, One Hundred and Nine Dollars)) divided into 2,000,000,000 (Two
Billion) Ordinary Shares of 50 Kobo (Fifty Kobo) (US cents 0.38) each.
Johannesburg
30 September 2009
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Date: 30/09/2009 09:05:26 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.
