FBN Holdings Plc restates commitment to corporate governance amidst EGM demand

FBN Holdings Plc reassured its customers, shareholders, investors, other stakeholders and the general public that it is taking all necessary steps to protect the interests of the Company and its subsidiaries.  This is in response to the recent media publication regarding the demand for an Extraordinary General Meeting (EGM) by two shareholders of the Company.

The Financial institution has assured the investing public that the matter does not in any way impact the operations of the Company.

In a notice to the Nigerian Exchange, signed by the Company Secretary, Adewale  Arogundade, FBN Holdings Plc stated thus:

“The attention of FBN Holdings Plc. (FBNH or the Company) has been drawn to a media publication on the call for an Extraordinary General Meeting (EGM) by two of the Company’s shareholders.

This matter does not in any way impact the operations of the Company; and all the businesses within the Group continue to provide uninterrupted services to its customers.

We assure our valued customers, shareholders, investors, other stakeholders and the general public that we are taking all necessary steps to protect the interests of the Company and its subsidiaries.

The Group’s performance continues to improve, resulting in a higher market capitalization even as we work towards surpassing the regulatory minimum capital well ahead of the deadline.

In the meantime, the Registrar and Lead Issuing House are collating the returns from all receiving agents in respect of the Company’s Rights Issue which closed on December 30, 2024.

FBN Holdings and its Subsidiaries remain committed to the highest level of corporate governance”.

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