Oando Completes Tranche One Share Allocation To Shareholders

Oando Completes First Phase of 679.3m Share Distribution to Boost Shareholder Value

In Nigeria’s oil sector, Oando Plc, an indigenous energy giant, is making headlines with a major shareholder reward initiative. The company has completed the first tranche of its planned share distribution, allocating 679,364,206 fully paid shares to eligible investors in what the company describes as a strategic move to deliver long-term value. The allocation marks […] The post Oando Completes First Phase of 679.3m Share Distribution to Boost S…

Oando Distributes 679,364,206 Shares to Eligible Shareholders

By Aduragbemi Omiyale A total of 679,364,206 shares have been distributed to eligible shareholders of Oando Plc in the first tranche of its Share Distribution Programme. The stocks were given to shareholders whose names were in the company’s register of members as of February 14, 2025, on the basis of one fully paid share for […]

Oando Completes Tranche One Share Allocation To Shareholders

Oando Plc, listed on the Nigerian Exchange Limited and the Johannesburg Stock Exchange, has announced the completion of Tranche One of its Share Distribution Programme, delivering additional value to eligible shareholders through a pro-rata share allocation. The initiative follows a resolution passed at the company’s 45th Annual General Meeting in December 2024, where shareholders approved a settlement mechanism involving surrendering shares to …

Oando completes 679.3 million share redistribution in first tranche, sets sights on phase two

Oando Plc has announced the completion of the first tranche of its share distribution to eligible shareholders, with 679,364,206 shares allocated.  The post Oando completes 679.3 million share redistribution in first tranche, sets sights on phase two  appeared first on Nairametrics.

Oando Completes First Tranche Of Share Distribution Programme

Oando PLC, listed on the Nigerian Exchange Limited and Johannesburg Stock Exchange, has announced the completion of Tranche One under its Share Distribution Programme, delivering new shares to eligible shareholders as part of its December 2024 settlement plan. The programme, approved at the company’s 45th Annual General Meeting, involves the surrender of shares to the […] The post Oando Completes First Tranche of Share Distribution Programme app…