Official: Oando Extends Rights Issue By Two Weeks

Oando has extended its rights issue to January 28th, 2015 The Rights Issue initially opened December 3rd 2014 and was to end January 14th 2015 The rights issue was supposed to open November 26th, 2014 before it was suspended The rights issue was initially suspended after the lead issuing house Vetiva Capital confirmed that it […]

Oando has extended its rights issue to January 28th, 2015
The Rights Issue initially opened December 3rd 2014 and was to end January 14th 2015
The rights issue was supposed to open November 26th, 2014 before it was suspended
The rights issue was initially suspended after the lead issuing house Vetiva Capital confirmed that it had not obtained SEC Approval to proceed. The offer eventually opened December 3rd, 2014
Receiving Agents now have till Wednesday, 11 February, 2015 to forward returns to Registrars
Oando is issuing rights to 2,217,265,184 ordinary shares at a price of N22 per share
Oando closed trading at N16.16 Thursday January 15, 2014
The rights issue price is now trading at a 36% premium to the current market price