Business
Femi Otedola Gets New Appointment
,,,,,First Bank Holding Plc has appointed billionaire Femi Otedola as Non-Executive Director following the emergence of Oba Otudeko as the largest shareholder.
Mr Femi Otedola appointment is subject to the approval of shareholders at the upcoming Annual General Meeting (AGM) scheduled for August 15, 2023.
,,,,,,,The financial institution listed Otedola as substantial shareholder with 5.57 percent or 10,000,000 direct and 1,989,342,376 indirect shares held under Calvados Global Limited “That the Rights Issue referred to in Resolution may be underwritten on such terms as may be determined by the Directors, subject to obtaining the approvals of the relevant regulatory authorities. That the shareholders, under Resolution, will waive their preemptive rights to any unsubscribed shares under the Rights Issue in the event of an under-subscription.
ADVERTISEMENT
“That the Directors be authorized to appoint such professional parties and…..advisers and to perform all such other acts and do all such other things as may be necessary to give effect to the above resolutions, including without limitation, complying with the directives of any regulatory authority.as of June 30, 2023 in the notice sent to shareholders ahead of AGM.
,,,,,,,Also, the management is looking to secure shareholder approval to raise additional capital at the group’s Annual General Meeting (AGM) scheduled for August 15, 2023.
The capital raise transaction shall be by way of a Rights Issue, on such terms and conditions and on such dates as…..may be determined by the Directors, subject to obtaining the approvals of the relevant regulatory authorities.
“That the Rights Issue referred to in Resolution may be underwritten on such terms as may be determined by the Directors, subject to obtaining the approvals of the relevant regulatory authorities. That the shareholders, under Resolution, will waive their preemptive rights to any unsubscribed shares under the Rights Issue in the event of an under-subscription.
“That the Directors be authorized to appoint such professional parties and…..advisers and to perform all such other acts and do all such other things as may be necessary to give effect to the above resolutions, including without limitation, complying with the directives of any regulatory authority.
-
Celebrities4 days ago
Oriyomi Hamzat hospitalised after Ibadan stamdpede
-
Metro/Crime6 days ago
Nigerian varsity lecturer assassinated
-
News4 days ago
Ooni’s Ex-Wife Arrested Over Alleged Death of 35 Children In Ibadan
-
News3 days ago
Ooni breaks silence over Ibadan stamdpede, sends message to party involved
-
News5 days ago
State Govt seals churches, other establishments
-
Politics5 days ago
Bola Tinubu Approves Eight New Appointments (Full List)
-
Osun News1 day ago
Osogbo agog as Osun former Deputy Gov, Titi Tomori-ponle launches TTP Foundation
-
Politics2 days ago
Court Sacks APC State Chairman