| Mon 29 Apr 2024, 7:05 | | OANDO PLC - Oando Plc Announces Federal High Court’s Adjournment of Hearing on its Scheme of Arrangement |
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Oando Plc Announces Federal High Court’s Adjournment of Hearing on its Scheme of Arrangement
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")
OANDO PLC ANNOUNCES FEDERAL HIGH COURT'S ADJOURNMENT OF HEARING ON ITS SCHEME
OF ARRANGEMENT
26 April 2024
Lagos. Nigeria- Oando PLC (referred to as "Oando" or the "Company"), Nigeria's leading indigenous energy
group listed on both the Nigerian Exchange Limited (NGX) and Johannesburg Stock Exchange (JSE), hereby
wishes to notify the public and its shareholders that the Federal High Court, Lagos Division (the "Court") has
further adjourned the petition in Suit No: FHC/L/CP/494/2021–Venus Construction Company Limited &13 others
vs. Ocean and Oil Development Partners Limited and Oando PLC, which was filed in Court on March 25, 2021
(the "Petition") to June 24, 2024.
The adjournment to June 24, 2024, is for the Court to rule on the pending applications brought before it by certain
shareholders seeking to be joined to the Petition and challenging the Court's order dated June 7, 2022, which
among other orders, directed the Company to file its Scheme of Arrangement document (the "Scheme
Document") with the Securities and Exchange Commission (SEC) and the NGX within 30 days.
Ends
For further information, please contact:
Ayotola Jagun
Company Secretary
The Wings Office Complex
17a Ozumba Mbadiwe Avenue
Victoria Island,
Lagos, Nigeria.
Tel: +234 (1) 270400, Ext 6159
ajagun@oandoplc.com
For: Oando PLC
Ayotola Jagun (Ms.)
Chief Compliance Officer and Company Secretary
JSE Sponsor to Oando
Questco Corporate Advisory Proprietary Limited
Date: 29-04-2024 07:05:00
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