Tag: FBN Holdings Plc

First Bank Holdings Plc has filed a notice with the exchange disclosing that the Group’s Financial Statements for the period ended September 30, 2021 is currently being audited and is expected to be released by the ending of November.

The notice read, “FBN Holdings Plc wishes to notify the Nigerian Exchange Limited (NGX) that the Group is currently undertaking the interim audit of its financial statements for the period ended September 30, 2021”.

Hence, the bank will be unable to submit the financial statements of its operations for the third quarter on October 29, 2021, as previously expected. The financial statements for the period under review will be released and filed with the exchange after the audit is concluded, the notice said.

The group expects that the audited financial statements will be submitted to the Nigerian Exchange (NGX) by November 29, 2021, after the audit has been concluded and the approval of the CBN has been secured.

Furthermore, the bank stated that the trading window for dealing in the company’s shares remains closed to all insiders and their connected persons until twenty-four hours after the release of the audited financial statements.

FBN Holdings Plc has notified The Exchange and investing public of the appointment of Mrs. Tope Orhionsefe Omage as a Non-Executive Director of First Bank Nigeria Limited and the renewal of the appointment of the Managing Director and Deputy Managing Director of First Bank, Dr. Adesola Adeduntan and Mr Gbenga Shobo, for another term.

This was disclosed in a notice of recent developments in the bank, signed by the company’s secretary, Seye Kosoko and filed with the Nigerian Exchange Limited.

Also, the bank notified the exchange of the renewal of appointment of the Managing Director and Deputy Managing Director of FBNQuest Merchant Bank Limited, one of the subsidiaries of the group.

The Managing and Deputy Managing Directors are Mr. Kayode Akinkugbe and Mr. Taiwo Okeowo, respectively.

In addition to this development, the Board of the bank has appointed Meristem Registrars Limited as the new registrars to replace First registrars and Investors Services Limited and take over the Register of Members of FBN Holding Plc.

The appointment of Meristem Registrars is expected to take effect from December 1, 2021.

See full disclosure here

First Bank Holdings Plc has announced that it will be a hosting a Board of Directors meeting on Wednesday, 27th of October, 2021 to discuss and approve the Bank’s unaudited financial statements for the nine months period ended September 30, 2021.

This is according to a notice signed by the company’s secretary, Seye Kosoko and filed with the Nigerian Exchange Limited (NGX).

Consequently, in line with the provisions of rule 17.18(a) of the Nigerian Exchange Limited (NGX) Rulebook, the Group has commenced a closed period from Friday, 1st of October, 2021 which will last until twenty-four (24) hours after the unaudited financial statements for the aforementioned period have been filed with the NGX and made public.

During the closed period, all insiders of the company such as; directors, employees, advisers, consultants and any other person (s) with insider’s information and their connected persons are prohibited from transacting in the shares of the company.

To access the disclosure, click HERE.

FBN Holdings Plc has announced that its board of directors would meet on Thursday, July 29, 2021 to consider the company’s unaudited Financial Statements for the half year period ended 30th of June, 2021.

The firm also announced that it would observe its closed period from July 1, 2021 until 24 hours after the half year accounts are filed with the Nigerian Exchange Group Limited.

The aforementioned disclosures are contained in a notice signed by the company’s secretary, Seye Kosoko and uploaded at the website of The Exchange.

According to the notice, the announcement of a close period is in line with Rule 17.18(a) (Closed Period Rules) of the NGX’s Rule Book (2015). The closed period allows the board to consider the company’s financial statements for the aforementioned period. Other company issues will also be discussed during the meeting.

What is a closed period?

A closed period is a period prior to the release of a company’s result or financial statement, when those with material information that could influence the firm’s share price are prohibited from trading. These individuals may include company directors, audit committee members, persons discharging managerial responsibility, employees and consultants with sensitive information.

For more information about the board meeting, click HERE.