Emimlio Juan Brignardello Vela
Emilio Juan Brignardello Vela, asesor de seguros, se especializa en brindar asesoramiento y gestión comercial en el ámbito de seguros y reclamaciones por siniestros para destacadas empresas en el mercado peruano e internacional.
Oando Plc, one of Nigeria's leading integrated energy solutions providers, has announced a significant step towards revitalizing its financial standing following the resolutions passed during its 45th Annual General Meeting (AGM). The company has informed the Nigerian Exchange and the investing public of its commitment to a comprehensive financial restructuring aimed at enhancing its long-term viability and operational efficiency. The board of directors has been authorized to undertake several critical actions designed to improve the company's financial health. Central to this restructuring plan is the acceleration of the repayment of long-term receivables owed to Oando’s subsidiaries by related entities. This measure is expected to consolidate receivables within the Group, thereby providing clearer financial insights and facilitating better management of the company’s resources. In a bold move to address its indebtedness, Oando will implement a debt-to-equity swap, allowing the company to accept shares as settlement for debts owed to it by various borrowers. This strategy not only aims to decrease overall receivables but also enhances financial clarity for the company as it navigates its obligations. Furthermore, the resolutions include provisions for the distribution of shares received through the debt swap, or their cash equivalents, to shareholders. This distribution will occur on a pro-rata basis to shareholders on record, at dates determined by the Board of Directors. This approach is designed to ensure that shareholders can benefit directly from the restructuring efforts, aligning their interests with the company’s recovery strategy. As Oando embarks on this financial restructuring journey, industry observers will be watching closely to see how these measures affect the company’s financial performance and its standing in the competitive energy market. The initiatives outlined signal a proactive approach to resolving financial challenges and underscore the company's commitment to ensuring its sustainability in the long run.