| Mon 1 Feb 2010, 13:36 | | OAO - Oando PLC - Posting Of Rights Issue Circular |
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OAO
UNTP
OAO - Oando PLC - Posting Of Rights Issue Circular
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")
The distribution of this announcement, the Rights Issue, and the transfer of
the Rights Issue shares and/or the rights to subscribe for the Rights Issue
shares in jurisdictions other than the Federal Republic of Nigeria or South
Africa may be restricted by law and failure to comply with any of those
restrictions may constitute a violation of the laws of any such jurisdiction.
Neither this announcement, nor any form of instruction, may be regarded as an
offer in any jurisdiction in which it is illegal to make such an offer, and
in particular, is not for distribution in the United States of America,
Australia, United Kingdom, Canada or Japan. In those circumstances, this
announcement is for information purposes only.
It is the responsibility of any person outside the Federal Republic of
Nigeria or South Africa (including, without limitation, nominees, agents and
trustees for such persons) receiving this announcement and wishing to take up
rights under the Rights Issue, to satisfy himself as to full observance of
the applicable laws of any relevant territory, including obtaining any
requisite governmental or other consents, observing any other requisite
formalities and paying any issue, transfer or other taxes due in such
territories.
POSTING OF RIGHTS ISSUE CIRCULAR
Oando shareholders are referred to the finalisation announcement released on
SENS on Friday, 22 January 2010 and published in the South African press on
Monday, 25 January 2010 relating to the proposed rights issue of 301 694 876
ordinary shares of 50 kobo each at Naira 70.00 (ZAR 3.49) per share on the
basis of one (1) new ordinary share for every three (3) ordinary shares of 50
kobo each held as at the close of business on Friday, 18 December 2009 for
those shareholders in Nigeria whose names appear on the Register of Members
and transfer books of the Company and shareholders in South Africa whose
names appear on the Register of Members and transfer books as at the close of
business on Friday, 29 January 2010, being the Friday prior to the offer
opening date for South African shareholders ("the Rights Issue").
South African shareholders are advised that the Rights Issue circular has
been posted today and that an electronic version of the Rights Issue circular
may be obtained from Oando`s website (www.oandoplc.com).
In addition, hard copies of the Rights Issue circular may be obtained from
Monday, 1 February 2010 to Friday, 19 February 2010 from the Company`s
transfer secretaries whose address and contact details are set out below.
Computershare Investor Services (Proprietary) Limited
70 Marshall Street
Johannesburg, 2000
Corporate Actions Department
+27 (0) 11 370 5200
Johannesburg
1 February 2010
Leading Issuing House
Vetiva Capital Management Limited
Joint Issuing Houses
FCMB Capital Markets Limited
A member of First City Group
Stanbic IBTC Bank plc
A member of the Standard Bank Group
Sponsor to Oando in South Africa
Deutsche Securities (SA) (Proprietary) Limited
Date: 01/02/2010 13:36:01 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.
