The Nigerian Stock Exchange just released the following press release regarding Oando Plc Rights Issue
Please be notified that the Trading in Rights of Oando Plc will commence on Wednesday, 3 December 2014 and end on Wednesday 14 January 2015. Vetiva Securities Ltd, the Lead Stockbroker to the Issue, has notified The Exchange of its receipt of the formal clearance of the Offer documents and registration of the shares from the Securities and Exchange Commission.
The rights issue was suspended last Friday after the company commenced the issue without obtaining SEC regulatory clearance.
