As Oando Plc continues to expand its strategic footprint across the African and international energy markets, the company is positioning itself to unlock deeper capital pools and broaden its global investor base.
In alignment with this growth trajectory, the Board of Directors is set to approach the company’s shareholders during its 47th annual general meeting (AGM) on September 17 for formal authorisation to pursue cross-border listings of its shares on additional international stock exchanges.
Oando Plc is listed on Nigerian Exchange Limited (NGX) with secondary listing on Johannesburg Stock Exchange (JSE), historically making history as the first African company to achieve a cross-border inward listing on the JSE back in 2005.
The company’s newest move is designed to enhance stock liquidity, optimise shareholder value, and provide seamless access for international investors as the energy group scales its operations.
At the AGM, the shareholders will as part of the special business of the day be required to authorise the directors to approve and effect the listing of the Company’s shares on such 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.”
“Oando delivered a constructive H1 2026. The enlarged…
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Read Full Article by Iheanyi Nwachukwu at businessday.ng
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