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Home Companies Company News

Official: Oando Rights Issue 101% Subscribed

Ugodre Obi-chukwu by Ugodre Obi-chukwu
May 22, 2013
in Company News
Oando Plc Has Paid N16.39Billion In Dividends In The Last Five Years
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Oando Plc has announced results of its rights issues which it closed in December, 2012 which saw a total of 4,548,236,276 ordinary shares of 50kobo each at N12 per share being fully subscribed. The rights issue was on the basis of 2 new ordinary shares for every one ordinary shares held. Gross Amount raised is about N54.57billion.

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Tags: News ReviewOando PlcRights Issues
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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