Oando Plc, one of Africa’s leading indigenous energy solutions providers, has commenced the second tranche of its stock dividend distribution, continuing the issuance of 1.28 billion additional shares to shareholders.
A statement by the firm yesterday, stressed that the significant milestone followed the shareholder approval granted at the company’s 45th Annual General Meeting (AGM) held on December 17, 2024.
It recalled that at the meeting, shareholders authorised the board to distribute shares received pursuant to the AGM resolution to shareholders of record, on a pro-rata basis, at dates determined by the board from time to time.
