FBN Holdings Plc has notified the NGX Exchange Limited on a court order kicking against its 10th Annual General Meeting of June 20, in Lagos.

A statement to the NGX on recent publication on FBN Holdings Plc on court order against AGM on June 20, said it reported to court incidence to the NGX Limited in line with its rulebook.

The statement signed by FBN Holdings Plc Acting Company Secretary, Adewale Arogundade, said: “In accordance with Nigerian Exchange Limited Rulebook, we hereby notify NGX and the investing public that our attention has been drawn to an online publication dated July 17, 2022 stating that the Federal High Court sitting in Lagos, Nigeria, has granted an ex party order against FBN Holdings and some other respondents.”

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Continuing, Arogundade, said the company was unaware of any lawsuit or court order against it until about 3pm on July 18, when a copy of same was served on it.

He said: “The ex parte order essentially directs FBN Holdings and the other respondents to maintain status quo ante bellum prevailing before FBN Holding Plc’s 10th Annual General Meeting (AGM) held on June 20, 2022 pending the hearing and final determination of the motion on notice for interlocutory injunction.

“Without prejudice to the said court order, FBN Holdings Plc confirms that the subject AGM was duly and validly held with all requisite regulatory and statutory parties in attendance.”

FBN Holding Plc said it has briefed its lawyers to review the said ex parte order to ensure its full representation in court on July 22, 2022 to which same was adjourned.

The statement further reads: “We wish to reassure the investing public, our esteemed customers and other stakeholders that, we are aware of our mandate to our shareholders and will continue to work tirelessly to discharge these responsibilities in compliance with regulatory authorities in the manner expected of a company listed on the Premium Board of NGX Exchange Limited.”