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…To respond officially soon
Following the company’s shares suspension on the floor of the Nigerian Stock Exchange (NSE)) on Wednesday, the management of Oando Plc has reintetated its commitment to continue to act in the best interest of its shareholders.
The Securities and Exchange Commission (SEC), hard earlier in the day through a circular directed the NSE to suspend trade in the shares of Oando Plc owing to the company’s alleged complicity bordering on corporate governance amongst others.
In a terse statement from the company m ade available to nationalwire and signed by the Chief Compliance Officer & Company Secretary, Ayotola Jagun, he said the wellbeing of shareholders is paramount to the organisation.
He said the Company has received communication from the Nigerian Stock Exchange (NSE) that the Securities and Exchange Commission (SEC) have issued a directive to immediately suspend the trading of Oando shares, a directive to which the NSE
has complied.
According to him, “The Company is currently reviewing subsequent correspondence received today October 18, 2017 from the NSE and SEC and will provide a full statement of the Company’s position as soon as possible.
“The Company remains committed to act in the best interests of all its shareholders”, he added.
