Oando extends closed period, bars insiders from transacting in own shares

Oando Nigeria plc has announced the extension of its closed period, until 24 hours following the release to the Nigerian Stock Exchange (NSE), its 2017 audited result

Oando’s Chief Compliance Officer & Company Secretary, Ayotola Jagun in a signed statement said that the extension was in compliance with the NSE’s Rule Book and the Amendments to the Listing Rules “Oando PLC hereby announces the continuation of the Closed Period for trading in the securities of the Company.”

However, the company’s Board of Directors of Oando PLC has scheduled to meet on Tuesday on Tuesday, March 27, 2018, to consider the 2017 Audited Financial Statements of Oando PLC

Following continuation of the closed period, the company noted that no Director, Employee, person discharging managerial duties, adviser and Consultant of the Company and their connected persons may, directly or indirectly, deal in the shares of the Company during the Closed Period until 24 hours have elapsed after the release of the 2017 Audited Financial Statements on the Nigerian Stock Exchange.

Stories: Bonny Amadi