Northern Nigerian Breaking News

Dahiru Mangal sells off shares at Oando

8

Oando Plc has officially notified the Nigerian Exchange Ltd., NGX, of the acquisition of Dahiru Mangal’s interest in the company by Leaf Investment & Realtors Ltd.

This was contained in a statement signed by Oando Chief Compliance Officer & Company Secretary, Ayotola Jagun, posted on the NGX on Monday.

“In accordance with Rule 17:13 (a) of the Nigerian Exchange Ltd. Issuers’ Rules, we hereby announce the acquisition of Alhaji Dahiru Mangal’s interest of 1,968,452,614, shares in Oando PLC by Leaf Investment & Realtors Ltd.

“Based on the above, Leaf Investment & Realtors Ltd. now holds 15.83 per cent of Oando Plc,” said the statement.

Read Also:TAJBank wins Islamic Bank of the Year award

elsamad new

Oando had on Nov. 22 topped the volume of shares traded on NGX with an exchange of 1.97 billion shares.

Rabiu

Specifically, the company traded 1.97 billion shares valued at N11.83 billion in off-market trade at N6 per share in eight deals.

The transaction was negotiated as a cross deal by APT Securities and Funds Ltd. as both buyer and seller.

Speaking on the transaction, a broker at APT Securities and Funds Ltd., who pleaded anonymity, said the transaction was part of the agreement with Ocean and Oil development Partners Ltd. with Mr Mangal to settle their dispute.

Read Also:Police arrest woman in Kano for allegedly defrauding traders with fake bank credit alerts

The stockbroker said Mr Mangal was realising all his holdings as part of settlement in line with the Securities and Exchange Commission, SEC, mandate to the company to settle all the grievances causing issues with its majority shareholder.

The broker said Mr Mangal would also withdraw his directors, both the executive director, Mukhtar Zubair, and non-executive director, Bukar Goni-Aji, as part of the settlement agreement.

NAN

8 Comments
  1. Santiago Scheurer says

    Wonder motion pictures are an excellent method to spend your free time. They teem with action, journey, and also wit. You can view them online absolutely free on Wonder’s website.The Wonder Cinematic World is a collection of superhero films based upon personalities that appear in comic books published by Wonder Comic books. The MCU is the shared world in which all of the movies are set.

  2. 553831 682209I conceive this internet internet site contains some rattling fantastic info for everybody : D. 889989

  3. nova88 says

    99782 140802Perfectly composed content material , thankyou for entropy. 653863

  4. laptops says

    491134 464649I saw your post awhile back and saved it to my computer. Only recently have I got a chance to checking it and have to tell you good work. 48545

  5. Irritable bowel syndrome (IBS) is a common digestive disorder that affects
    about 11 percent of people worldwide. Those with IBS often experience: abdominal pain. bloating.
    cramping. bowel spasms.

  6. Genc Kiz Mature Anne says

    Results for hizmetci zorla sikiyor. FREE 82 GOLD 82.
    Report. Report. Report Filter results rus kizini zorla sikip bosaltiyor.
    448.8k 99% 50sec 360p. Hardcore b. fucking.

    6.7M 92% 27min 720p. BDSM group hardcore action. 1.5M 98% 20min 720p.
    Southgirls.

  7. Rusya’da medya denetleme kuruluşu Roskomnadzor,
    dünyada en çok ziyaret edilen porno sitelerinden olan Pornhub ve
    Youporn’a erişimi ani bir kararla durdurdu. Ruslar karara
    sosyal medyadan isyan.

  8. Hi, the whole thing is going sound here and ofcourse every one is sharing data, that’s
    actually excellent, keep up writing.

Leave A Reply

Your email address will not be published.