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Completion of Tranche One Distribution under Share Distribution Programme
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")
Completion of Tranche One Distribution under Share Distribution Programme
Lagos, Nigeria | 14 August 2025, Oando PLC ("Oando" or the "Company"), listed on the
Nigerian Exchange Limited and the Johannesburg Stock Exchange, is pleased to announce
the successful completion of Tranche One of its Share Distribution Programme to eligible
shareholders.
Pursuant to Oando's 45th Annual General Meeting which held in December 2024, where
shareholders approved a settlement through the surrender of shares to the Company, with
subsequent pro-rata distribution of some or all of these shares to existing shareholders, the
Board of Directors in January 2025, approved the Phase 1 distribution of 1,283,712,601
shares in two (2) tranches. Tranche one distribution, comprising 679,364,206 shares to eligible
shareholders on the Company's Register of Members as of February 14, 2025, has now been
fully concluded by issuing one (1) fully paid share for every twelve (12) existing shares,
following receipt of regulatory clearance in July 2025.
Commenting on this distribution, Mr Wale Tinubu, CON, the Group Chief Executive of Oando
PLC said:
"This initiative underscores our unwavering commitment to delivering tangible value to our
shareholders. By issuing one fully paid share for every twelve existing shares, with no dilution,
we have effectively delivered an 8.3% yield at today's market price thus aligning shareholder's
interests with our long-term growth ambitions."
The timing for Tranche Two (2) of the Share Distribution Programme, applicable to
shareholders on the Register of Members as of June 30, 2025, will be announced at a later
date, as determined by the Board of Directors.
Shareholders yet to receive their allocation are encouraged to contact the Registrars promptly
to regularise their details and facilitate settlement.
For further Enquiries please contact:
Folashade Ibidapo-Obe / Chief Compliance Officer & Company Secretary
+234 (1) 2704000 and Mrs. Ayeesha Aliyu / Investor Relations ir@oandoplc.com
For: Oando PLC
Folashade Ibidapo-Obe
Chief Compliance Officer & Company Secretary
About Oando PLC
Oando PLC is Africa's leading indigenous energy solutions provider listed on the Nigerian
Exchange (NGX) and the Johannesburg Stock Exchange (JSE). Oando operates across the
entire energy value chain, encompassing upstream exploration and production, trading and
renewable energy initiatives.
Through its subsidiaries, Oando Energy Resources and Oando Trading, the Company holds
interests in onshore and offshore oil and gas assets and maintains a significant presence in
the global energy trading market. Oando is committed to driving Africa's energy transition and
delivering innovative, sustainable and value-driven solutions that meet the continent's unique
energy needs.
15 August 2025
JSE Sponsor to Oando
Questco Corporate Advisory Proprietary Limited
Date: 15-08-2025 02:02:00
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