OAO
UNTP
OAO - Oando Plc - Announcement regarding declared bonus issue of ordinary shares
Oando PLC
(Incorporated in Nigeria and registered as an external company in South Africa)
(External Registration number: RC 6474
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")
Announcement regarding declared bonus issue of ordinary shares
Shareholders are referred to the announcements released on the Securities
Exchange News Service on 5 April 2011 and Friday, 01 July 2011 respectively,
regarding the declaration of a bonus issue of ordinary shares and are advised
that the bonus issue as approved by shareholders at the annual general meeting
held on Thursday, 30 June 2011, was registered by the Nigerian Securities and
Exchange Commission on Monday, 12 September 2011.
The declared bonus shares issued at the rate of one ordinary share of fifty kobo
for every four ordinary shares of fifty kobo each held as April 30, 2011 will be
issued and listed on the Nigerian Stock Exchange and the JSE Limited on or about
Wednesday, 21 September 2011.
Shareholders` accounts with Central Securities Depository Participants and
brokers will be credited in South Africa with bonus shares or issue of new share
certificates in respect of the bonus issue on the same day, being Wednesday, 21
September 2011.
Shareholders are advised that they may not trade in their new bonus shares until
they have been issued.
Rounding principle
The allocation of bonus shares will be such that shareholders will not be
allocated a fraction of a bonus share and therefore any bonus share giving rise
to a fraction of less than one of a bonus share will be rounded down to the
nearest whole number. This is applicable to investors on both the Nigerian and
South African share register.
Sandton
16 September 2011
JSE Sponsor
Macquarie First South Capital (Proprietary) Limited
Date: 16/09/2011 10:00:18 Produced by the JSE SENS Department.
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