FRI JAN 10 2025-theGBJournal| FBN Holdings PLC said Thursday, that the call for an Extraordinary General Meeting (EGM) by two of the Company’s shareholders rejecting plans by some shareholders for N350 billion private placement, does not in any way impact the operations of the Company.
The bank assured that all the businesses within the Group will continue to provide uninterrupted services to its customers, and added that FBNHoldings and its Subsidiaries remain committed to the highest level of corporate governance.
”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,” FBN Holdings said in a statement Thursday.
It also noted that 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.
According to FBNHoldings, 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, in the meantime.
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