WorldStage Newsonline– FBN Holdings Plc has announced the cancellation of its 12th annual general meeting (AGM) which was initially fixed to hold virtually on 22nd of August, 2024 and rescheduled to Tuesday, September 3, 2024.
A notice at the Nigerian Exchange signed by Adewale Arogundade, acting company secretary said the meeting ought to have considered and approved the accounts, declared a dividend, authorized the company to undertake a capital raise of up to N350 billion and other ancillary matters The notice said further information on the AGM will be provided in due course, as appropriate
A Lagos Federal High Court earlier halted the meeting pending the determination of a motion for interlocutory injunction filed by shareholder, Tohir Folorunsho Ismaila .
Justice Akintayo Aluko gave the order on August 13, 2024, after hearing a motion ex-parte filed and moved by Taiwo Osipitan (SAN) with Olayemi Badewole SAN and Adetola Ogunlewe Esq., for Ismaila, the Petitioner/Applicant.
