Capital Market
Leaf Investment & Realtors Limited Acquires 1.97 Billion Shares in Oando Plc
Leaf Investment & Realtors Limited has acquired 1,968,452,614 shares in Oando Plc, according to the disclosure filing released via the Nigerian Exchange Limited.
Oando Plc, an indigenous oil company based in Nigeria, announced that Leaf Investment & Realtors Limited acquired Alhaji Dahiru Mangal’s interest in Oando Plc.
Therefore, based on the latest acquisition, Leaf Investment & Realtors Limited now holds a 15.83 percent stake in Oando Plc.
Oando’s statement reads “In accordance with Rule 17:13 (a) of the Nigerian Exchange Limited 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 Limited.
“Based on the above, by Leaf Investment & Realtors Limited now holds 15.83% of Oando PLC.”
The statement is in line with the SEC disclosure act instituted two years ago to enforce transparency across the Nigerian capital market.