Oando Confirms Suspension on Shares Trading

Wale Tinubu, Chief Executive Officer of Oando Plc

October 18, 2017/NSE

The Company (“the Company” or “Oando”) has received communication from the Nigerian Stock Exchange (NSE) that the Securities and Exchange Commission (SEC) have issued a directive to immediately suspend the trading of Oando shares, a directive to which the NSE has complied. 

The Company is currently reviewing subsequent correspondence received today October 18, 2017 from the NSE and SEC and will provide a full statement of the Company’s position as soon as possible. 

The Company remains committed to act in the best interests of all its shareholders.