Notification of Lifting of Technical Suspension on the Shares of Oando Plc

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Further to the directive of the Securities and Exchange Commission (Commission) to The Nigerian Stock Exchange (The Exchange) to place the shares of Oando Plc. (Oando) on Technical Suspension, please be informed that on April 9, 2018, the Commission directed The Exchange to lift the Technical Suspension placed on the shares of Oando Plc.
On receipt of the Commission’s directive, The Exchange put the process in place to lift the Technical Suspension, including testing on its trading system. 
Effective today, April 11, 2018, The Exchange has lifted the technical suspension placed on the shares of Oando. Consequently, there is no longer any impediment to the price movement in Oando’s shares. 
As at the time of publishing this notification, Oando Plc shares was on demand (bid) of 95 million units with 80 million units queued at the limit up of N6.60.
CardinalStone Research
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