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Results of the 47th Annual General Meeting
Oando PLC
(Incorporated in Nigeria and registered as an external company in
South Africa)
Registration number: RC 6474
(External company registration number 2005/038824/10)
Share Code on the JSE Limited: OAO
Share Code on the Nigerian Stock Exchange: UNTP
ISIN: NGOANDO00002
(“Oando” or the “Company”)
September 18, 2026
Lagos, Nigeria
RESULTS OF THE 47th ANNUAL GENERAL MEETING
The following resolutions proposed in the notice to shareholders, were passed at the 47th
Annual General Meeting of Oando PLC (the “Company”) held at 10:00 a.m. Nigerian
Time on Thursday, September 17, 2026.
1. Deeming Resolution for the 47th AGM of the Company
The 2025 Audited Financial Statements were received by the shareholders.
2. Re-appointment of Auditors
The firm of BDO Professional services was re-appointed as the Company’s Auditors
in relation to the audit of the financial statements of the Company for the year ending
December 31, 2026, to hold office until the next general meeting, and the Directors of
the Company were authorized to fix their remuneration.
3. Re-election of Directors
The following Directors who retired by rotation were re-elected as Directors of the
Company:
i. Mr. Ademola Akinrele, SAN.
ii. Mr. Omamofe Boyo.
iii. Mr. Ikeme Osakwe.
iv. Mr. Adeola Ogunsemi.
4. Election of Members of the Audit Committee
The following Directors were nominated to represent the Board on the Statutory Audit
Committee for the 2027 Accounts:
i. Mr. Ikeme Osakwe; and
ii. Mr. Ken Igbokwe.
The following persons were elected as shareholders’ representatives on the Statutory
Audit Committee:
i. Dr. Anthony Omojola;
ii. Mr. Kolawole Kalejaiye; and
iii. Mrs. Rashidat Adeshina.
5. Managers Remuneration
The remuneration of the Managers of the Company was duly disclosed.
6. Approval of the remuneration of Non-Executive Directors
The remuneration of the Non-Executive Directors of the Company which remained
unchanged from the last AGM was approved.
7. Mandates Authorizing Transactions with Related Parties/Interested Persons
A general mandate was given, authorizing the Company to procure goods, services
and financing and enter into such incidental transactions necessary for its day-to-day
operations with its related parties or interested persons on normal commercial terms
consistent with the Company’s Transfer Pricing Policy. All transactions falling under
this category which were earlier entered into prior to the date of the Meeting were
ratified.
8. Approval of Amendment of the Memorandum and Articles of Association of
the Company
i. Approval was given for the amendment of the Company's Articles of Association
by the insertion of a new Article 50 (a) to read as follows:
“Subject to the provisions of the Act, the Company may hold any general meeting,
at a physical venue, by electronic or virtual means, or as a hybrid meeting
combining a physical venue with electronic participation, as the Board of Directors
may determine, provided that the rights of members to attend, participate and vote
at such meeting are preserved in accordance with the relevant provisions of the
Act.”
ii. Approval was given for the amendment of the object clause contained in the
Company's Memorandum of Association by the insertion of a new sub-clause to
read as follows:
“To engage, whether by itself or through any of its subsidiaries, and in compliance
with all applicable laws, rules and regulations, in the design, development,
creation, origination, acquisition, ownership, financing, investment, issuance,
operation, management, administration, maintenance, commercialisation,
marketing, distribution, assignment, transfer, exchange, trading, settlement,
safeguarding, securing, verification, authentication, recording, registration,
storing, processing, preserving, validating and otherwise dealing in or with digital
assets and any digital representation of value, rights, interests, obligations,
ownership or other legally recognised relationships capable of being created,
issued, recorded, represented, transferred, administered or otherwise dealt with
through digital, cryptographic, distributed ledger or other existing or emerging
technologies.”
9. Authorization for Cross-Border Listing of the Company’s Shares on Other
Stock Exchanges
A favourable resolution was given authorizing the Directors to approve and effect
the listing of the Company’s shares on other stock exchange(s) as they may deem
fit (including cross-border listings), and to take all such steps, execute all such
documents, and do all such things as may be necessary or expedient to give effect
to and ensure full compliance with the listing requirements of any such stock
exchange, subject to obtaining any regulatory approvals required under applicable
law.
For: Oando PLC
Mrs. Folasade Ibidapo-Obe
Chief Compliance Officer & Company Secretary
JSE Sponsor to Oando
Questco Corporate Advisory Proprietary Limited
Date: 18/09/2026 12:57:00
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