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Oando Restricts Sale of Shares Ahead 2018 Results’ Announcement

By Dipo Olowookere

Thursday, March 28, 2019, has been fixed for the meeting of board of directors of Oando Plc, a statement from the energy company has said.

During the meeting, the board would take a good look at the 2018 audited financial statements of Oando Plc.

However, it was not stated if the board would likely consider recommending the payment of dividend to shareholders as a form of reward them for their unwavering support.

“This is to inform the public and our stakeholders that the board of directors of Oando Plc will be meeting to consider the 2018 audited financial statements of Oando Plc on Thursday, March 28, 2019,” the statement said.

It was further stated that, “In compliance with the NSE Rule Book and the Amendments to the Listing Rules, Oando Plc hereby announces the continuation of the closed period for trading in the securities of the company.”

“Consequently, no director, employee, person discharging managerial duties, adviser and consultant of the company and their connected persons may, directly or indirectly, deal in the shares of the company during the closed period until 24 hours have elapsed after the release of the 2018 audited financial statements of the Nigerian Stock Exchange,” the statement added.

Business Post reports that Oando Plc traded its shares on the NSE on Thursday at N5.75k per unit, appreciating by 5 kobo or 0.88 percent at the close of business.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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