Lagos, Feb, 6 – OANDO PLC ANNOUNCES FEDERAL HIGH COURT’S ADJOURNMENT OF HEARING ON ITS SCHEME OF ARRANGEMENT
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 April 17th 2024.
The adjournment to 17th April 2024 is for the Court to hear 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.
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
Chief Compliance Officer & Company Secretary
TNG Presswire 