FCMB Group Plc (NGX: FCMB) will hold a virtual Extraordinary General Meeting (EGM) on Monday, 8 December 2025, to discuss increasing its capital raise limit from ₦340 billion to ₦370 billion and accepting oversubscriptions in its 2025 Public Offer due to strong investor interest.
The EGM will consider nine resolutions, including authorising the issuance of various securities in local and international markets and increasing the issued share capital from ₦30.002 billion, allowing for the creation of additional ordinary shares to support the new target.
The Board also seeks approval to accept oversubscriptions in the ongoing 2025 Public Offer, initially targeting ₦160 billion. So far, FCMB has raised ₦167.67 billion under its recapitalisation plan, with a previous Public Offer exceeding its target.
Shareholders are encouraged to vote in favour of all resolutions to ensure compliance with Central Bank of Nigeria (CBN) requirements. The meeting will be accessible via https://on.fcmb.com/EGM, with the register of members closing from 28 November to 1 December 2025.
Administrator and Writer
