Shares trading in Oando plc has been closed to enable the board of directors to consider and approve the company’s unaudited financial report for the second quarter 2017 in compliance with the NSE Rule Book and the Amendments to the Listing Rules.
Consequently, no Director, Employee, person discharging managerial functions, adviser or 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 after the release of the Unaudited Financial Statements for the period ended 30th June 2017 on the Nigerian Stock Exchange.
Oando is Nigeria’s largest independent conglomerate in the energy industry, including petroleum products marketing, supply & trading, exploration and production, and gas distribution, and the first Nigerian company to achieve a dual listing on both the Nigerian and Johannesburg Stock Exchanges. Oando is Nigeria’s largest indigenous oil company with a production output of 54,000 boepd and a market capitalisation of $894 Million.
Through its upstream subsidiary Oando Energy Resources (OER), Oando has a secondary listing on the Toronto Stock Exchange with a market capitalisation approximately $1 Billion.