10th August, 2023
FBN Holdings Plc (the Company) has debunked news reports that its annual general meeting scheduled for 15 August has been stopped by a court order.
Mr. Adewale Arogundade, the acting company secretary made this known in a statement sent to the Nigerian Exchange on Thursday.
“We confirm that this assertion is a false narrative as the Company has, as at the date hereof, not been served with any court order to stop the forthcoming AGM.
“Suffice to mention that the AGM is a statutory meeting of Shareholders that must be held in accordance with the law, further to which the Company will notify the regulators and the public as appropriate if there is any lawful order to restrain the Company from conducting same.
“We hereby assure our esteemed Shareholders that the AGM shall hold on August 15, 2023”, he said.
The AGM will decide among others the payment of dividends to shareholders, the appointment of new directors and the rights issue of new shares totalling N150 billion to existing shareholders.