News Formal

Oando’s core investor set to take company private, offers minority shareholders 58% premium

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 78%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Shares in the company jumped by roughly 10 per cent to N5.40 per unit at 11:13 WAT in Lagos Thursday.

said in a Thursday statement it is in receipt of an offer from its majority shareholder to procure the shares of all its minority shareholders at a premium of 58 per cent to its share prices on 28 March.

“Each Scheme Shareholder shall be entitled to receive the sum of N7.07 in cash or its equivalent in South African Rand for every ordinary share held by the qualified Scheme Shareholders at the Effective Date of the Scheme,” Oando said in the document announcing the proposal.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WIP Africa unveils new real estate investment offer | The Guardian Nigeria News - Nigeria and World NewsNigeria’s property and lifestyle management outfit, Wealth Island Property (WIP) Africa, has announced plans to expand its exclusive private property offering to a wider audience, starting with Peace Gardens in Ikotun, Lagos.
Source: GuardianNigeria - 🏆 1. / 94 Read more »