FBN Holdings Plc have denied receiving a court order stopping it from holding the Annual General Meeting (AGM) scheduled for August 15, 2023, and says the AGM would go as scheduled.
The company disclosed this via an official statement signed by Company Secretary, Adewale Arogundade, which was sent to Nigeria Exchange Limited.
According to the company, they haven’t been served any court order to stop the AGM from holding.
Here’s an excerpt from the official statement:
The company also noted that if there was any restraining order to stop the AGM from holding, that they would have informed regulators and the investing public. They assured Shareholders that the AGM would hold on August 15, 2023.
Some minority shareholders of FBN Holdings Plc had on Monday, August 7th protested against a court order suspending the 11th Annual General Meeting (AGM) of the financial institution.
The disgruntled shareholders decried the move by some individuals to use the court to stop the AGM, noting that AGMs are statutory meetings that cannot be stopped from holding.
Chairman of the Trusted Shareholders Association of Nigeria, Alhaji Mukhtar Mukhtar, while speaking on behalf of other minority shareholders, noted that shareholders are not happy that some individuals are trying to hold the financial institution to ransom.
He added:
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