Oando completes share distribution delivering 8.3% yield

Oando has completed the first phase of its share distribution programme, issuing 679,364,206 shares to eligible shareholders. The distribution involved issuing one fully paid share for every twelve existing shares.

Chief executive Wale Tinubu said the initiative delivers an 8.3% yield at current market prices. A second tranche for shareholders as of June 30, 2025, will be announced later.