Lagos, Nigeria: The offering documents in respect of Oando PLC’s proposed Rights Issue were duly approved and cleared by the Securities & Exchange Commission (“SEC”) ahead of the signing ceremony which held on Thursday, 13 November, 2014.
The documents executed at the Signing Ceremony were subsequently filed with the SEC and The Nigerian Stock Exchange (“The NSE”) following which the SEC’s formal confirmation of the registration of the Rights Issue shares and approval for the offer to open has been received.
The NSE has been duly informed of the above development and all shareholders of Oando PLC will be notified of the Acceptance Period for the Rights Issue accordingly.
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