Johannesburg Stock Exchange Lifts Suspension Imposed On Oando Shares

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Johannesburg Stock Exchange has finally lifted the suspension on trading in the Shares of Oando Plc. Oando disclosed this in a filing on Wednesday.

Oando Plc, an indigenous energy group in Nigeria listed on the Nigerian Exchange Limited ,NGX, and the Johannesburg Stock Exchange ,JSE.

In a letter dated March 27, 2024, JSE halted trading in the company’s shares due to its inability to meet the extended deadline to publish its 2022 audited year-end results.

The company sought an extension of time to submit the required documents, which was denied by JSE.

However, the South African bourse has lifted the suspension on the shares of Oando.

Oando said it has received “Confirmation from the JSE that the suspension on the secondary listing of the company’s securities has been lifted. This change will take effect today, June 5, 2024, allowing trading to resume.

“The company acknowledges and appreciates the patience of stakeholders during this time. Furthermore, the company remains committed to maintaining the highest corporate governance and transparency standards”.

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