In line with the Terms on Conversion of Preference shares recommended to Oceanic shareholders by the Oceanic Board as were stated in the Scheme of Arrangement documents and approved by Oceanic shareholders “The holders of the Preference shares shall have right, exercisable at any time between the third anniversary of the Issue Date and the fifth anniversary thereof, to convert their Preference Shares into Ordinary Shares in the Company. Each Preference Share, upon conversion, shall convert into 0.76923 Ordinary Share”.
You may convert your preference shares up to Monday October 31, 2016. After the said date, you will not be able to convert your Preference shares anymore. If you wish to convert, kindly forward to the Registrars the following:
- Your CSCS Clearing House number (CHN)
- The Preference Share Certificate
- Valid means of Identification
Contact GTL Registrars at 2 Burma Road, Apapa, Lagos, Nigeria, on Tel: +234-01-2793168, 01-2793160-2, +234-81-5959-2960 or send a mail to info@gtlregistrars.com for any clarification you may require.