FBN Holdings Plc (Nigeria) – Statement on recent publication on court order against 10th AGM

By Published On: July 21st, 2022Categories: Corporate announcement

In accordance with Nigerian Exchange Limited (NGX) Rulebook, we hereby notify NGX and the investing public-that our attention has been drawn to an online publication dated July 17, 2022: stating that the Federal High Court sitting in Lagos, Nigeria, has granted an ex parte Order against FBN Holdings Pic and some other Respondents.

FBN Holdings Plc remained unaware of any lawsuit or court order against it until about 3pm today when a copy of same was served on it. The exparte order essentially directs FBN Holdings and the-other Respondents to maintain status quo ante bellum prevailing before FBN Holding Plc’s 10 Annual General Meeting (AGM) held on June 20, 2022 pending the hearing-and final determination of the motion on notice for interlocutory injunction.

Without prejudice to the said court-order, FBN Holdings-Plc confirms that-the subject AGM was duly and validly held with all requisite regulatory and statutory parties-in-attendance. FBN Holdings Plc has briefed its lawyers to review the-said exparte order to ensure its full representation in court on July-22, 2022 to which same was adjourned:

We wish to reassure the investing public, our esteemed customers and. other stakeholders that, we are aware of our mandate to our shareholders and will continue to work tirelessly to discharge these responsibilities in compliance*with regulatory authorities in the manner. expected of a Company listed on the Premium Board of  NGX Exchange Limited.


Adewale Arogundade
Acting Company Secretary

FBN Holdings Plc (FBNH.ng)

Share price: 10.80 NGN (0.00 | 0.00% – 10/08/22)

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