FBN Holdings Plc (NGX: FBNH) has stated that it has been served with an ex parte order of interim injunction of Friday, August 11, 2023, restraining it from proceeding with the proposed Annual General Meeting (AGM) as schedule for August 15, 2023.
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FBNH in a notification to the public and its stakeholders stated that the ex parte order was via suit No. FHC/L/CS/1575/23 – in the matter of Olojede Adewole Solomon, Adebayo Oluwafemi Abayomi and Ogundiram Emmanuel Adejare vs. FBNH Holdings Plc.
Investogist reported on 10 August 2023, that FBNH had dispelled media reports that it has been served with a court order to stop its forthcoming Annual General Meeting.
FBNH in its notice on Monday confirmed that its lawyers have filled and served on the Petitioners the necessary processes and notice of appeal challenging the ex parte order and seeking that same, as well as the entire proceedings be set aside, paving way for the AGM to proceed on August 15, 2023, as earlier scheduled, including but not limited to:
- A Notice of Appeal against the decision of the Federal High Court to grant the ex-parte order;
- A Motion on Notice for an rder to stay and/or suspend the execution of the ex-parte order as well as to stay further proceedings in the suit pending the hearing and consequent determination of the Appeal filed at the Court of Appeal.
The financial services company concluded that in the light of the foregoing, it believes that it can proceed and is indeed proceeding with the AGM (which is a statutory meeting) as scheduled on August 15, 2023.
It stated that the AGM shall be conducted in accordance with the applicable laws and regulations, and that the Company will continue to take all legal steps to prosecute its appeal against the ex parte interim order with a view to securing its vacation as well as the setting aside of the proceedings in its entirety.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
