| Wed 17 Feb 2010, 8:37 | | OAO - Oando PLC - Extension of application lodgement date and payment date in |
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OAO
UNTP
OAO - Oando PLC - Extension of application lodgement date and payment date in
respect of excess shares for shareholders on The South African register
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.
EXTENSION OF APPLICATION LODGEMENT DATE AND PAYMENT DATE IN RESPECT OF EXCESS
SHARES FOR SHAREHOLDERS ON THE SOUTH AFRICAN REGISTER
Oando shareholders are referred to the declaration data announcement released
on SENS on Tuesday, 19 January 2010 and published in the South African press
on Wednesday, 20 January 2010 ("the Declaration Data Announcement") and the
rights issue circular posted to Oando shareholders on Monday, 1 February 2010
("the Circular"), 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, 29 January 2010, being
the Friday prior to the offer opening date for South African shareholders
("the Rights Issue").
It was stated in the Declaration Data Announcement and the Circular that
payments for the Rights Issue shares and the excess shares for which
shareholders or their renouncees may apply in terms of the Circular are to be
made by all South African shareholders by 12:00 on Friday, 19 February 2010.
For shareholders on the South African register, the Company has agreed to
extend the date for payment in respect of the excess shares until 12:00 on
Friday, 5 March 2010.
Shareholders should note that the closing date of the Rights Issue in South
Africa remains unchanged, being Friday, 19 February 2010, as previously
disclosed in the Declaration Data Announcement and in the Circular.
It was stated in the Declaration Data Announcement and the Circular that
applications in respect of the excess shares are to be made by all South
African shareholders by 12:00 on Friday, 19 February 2010.
The Company has agreed to extend the date on which applications in respect of
excess shares for which South African shareholders or their renouncees may
apply. Applications in this regard must be lodged with the Company`s transfer
secretaries, Computershare Investor Services, by each shareholder`s CSDP or
broker, by 12:00 on Wednesday, 3 March 2010. Shareholders should accordingly
instruct their CSDP or broker in terms of the agreement entered into between
such shareholder and his/her CSDP or broker to enable the CSDP or broker to
lodge such application by 12:00 on Wednesday, 3 March 2010. Payment in respect
of the excess shares must be made by no later than 12:00 on Friday, 5 March
2010. Excess or rejected application monies will be refunded to shareholders
on Tuesday, 6 April 2010.
Shareholders on the Nigerian register should note that the closing and payment
date of the Rights Issue in Nigeria remains unchanged, being Friday, 19
February 2010, as previously disclosed in the Circular.
Johannesburg
17 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: 17/02/2010 08:37:01 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.
