FBN Holdings Plc, the parent company of First Bank of Nigeria Limited, has announced that despite the ex parte order of temporary injunction by the Federal High Court in Lagos, it would hold its Annual General Meeting (AGM) on August 15, 2023.
FBN first denied getting a court injunction preventing it from having the Annual General Meeting (AGM) set for August 15, 2023, and stated that the AGM will take place as planned.
The company announced this in a statement released on August 14, 2023, and signed by its firm Secretary, Seye Kosoko, in a statement filed on the Exchange.
According to the statement, the firm was issued with the court order on August 11, 2023, following a suit brought by three shareholders who wanted to prevent the company from conducting the AGM.
Also, the company's lawyers filed and served on the petitioners the proper processes and notice of appeal opposing the court ruling and demanding that it be set aside, as well as the whole proceedings.
The company also claimed that it thinks it can and is proceeding with the AGM, which is a statutory meeting, in conformity with the applicable rules and regulations.
Read more: https://www.investingport.com/fbn-holdings-plc-agm-will-continue-despite-court-proceedings/