NSE suspends further trading in Oando Rights Issue

Proshare

Friday, November 28, 2014 3.55 PM / NEWS 

The Nigerian Stock Exchange today suspended further trading in Oando Rights until further notice.

This action was necessitated by information received yesterday, November 27, 2014 from Vetiva Securities Ltd, the Lead Stockbroker to the Issue, that Oando Plc has not obtained a formal clearance of the Offer documents and registration of the shares from the Securities and Exchange Commission.

Please note that all Oando Rights traded to date will be reversed.

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