The board chairman of Seplat Energy Plc, Basil Omiyi, has disclosed that the company will hold its scheduled annual general meeting (AGM) today in compliance with the final and binding judgment of the Federal High Court, Abuja
Omiyi, in a statement issued in Lagos, said the notice of the AGM “is made pursuant to Rule 17.10 of the Rulebook of the Nigerian Exchange, 2015 (Issuer’s Rule)”.
The Federal High Court, Abuja had on Tuesday delivered a final and binding judgment, ordering Seplat Energy to hold its scheduled AGM.
The judgment delivered by Justice A.R. Mohammed in suit number FHC/ABJ/PET/7/2023 – Akinnifesi & Adelaja V. Seplat Energy Plc, restrained any current or former directors, shareholders, and officers of the company from cancelling or postponing the AGM as announced to the public.
The suit before Justice Inyang Ekwo was brought by Boniface Okezie, Bon. Bright Nwabuogwu, John Isesele, Okonkwo Timothy, and Augustine Ezechukwu (Petitioners/Applicants) against Seplat Energy PLC; company CEO, Mr. Roger Brown; Board Chairman, Mr. Basil Omiyi; as well as Independent Non-Executive Directors of the company, Dr. Charles Okeahialam, Prof. Fabian Ajogwu, Rabiu Bello, Mrs. Bashirat Odunewu, Emma Fitzgerald; Company Secretary/Legal Adviser, Mrs. Edith Onwuchekwa, and the Corporate Affairs Commission (CAC).
The court orders that “terms of settlement filed in the registry of the court on April 11, 2023 and duly executed by the parties and their Legal representatives, is hereby adopted as the consent judgment of the court between the parties in this suit as follows:
“The respondent shall hold its 2023 Annual General Meeting on the advertised date of 10th May, 2023.
“The respondent shall give not less than 21 days’ notice of its 2023 Annual General Meeting scheduled to hold on 10th May, 2023, to the petitioners and all those entitled to receive such notice.
“The board of directors of the respondents shall ensure compliance with items i and ii.
“No person or group of persons including but not limited to present or former director, shareholder (s), and Employee (s) of the respondent, whether acting jointly or individually, shall interfere or further interfere with the management and affairs of the respondent, except such intervention as may be determined or made during the Annual General Meeting of the respondent.’’