Seplat Vitality Plc has introduced that the Federal Excessive Court docket, has delivered a last and binding Judgment, ordering the Firm to carry its annual common assembly (AGM) on Might 10, 2023.

The order was made per A.R. Mohammed J, sitting in Abuja in Go well with quantity FHC/ABJ/PET/7/2023 – Akinnifesi & Adelaja V. Seplat Vitality Plc at present Might 9, 2023.

In response to a press release signed by Basil Omiyi, Seplat’s Board Chairman, the judgment additional restrains any present or former administrators, shareholders and officers of the Firm from cancelling or suspending the AGM as introduced to the general public.

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Earlier this week, Omiyi rejected all claims acknowledged within the petitions, which had been practically similar in wording to a separate petition filed on the Federal Excessive Court docket in Lagos.

He regarded it as a part of a coordinated effort to hurt the corporate because of its makes an attempt to enhance company governance by eradicating associated social gathering transactions and implementing different governance initiatives.

Boniface Okezie, Vibrant Nwabuogwu, John Isesele, Okonkwo Timothy, and Augustine Ezechukwu (Petitioners/Candidates) filed the case earlier than Justice Inyang Ekwo.

This was filed in opposition to Roger Brown, the CEO of Seplat Vitality, Basil Omiyi, in addition to the corporate’s Impartial Non-Government Administrators, Charles Okeahialam, Fabian Ajogwu, Rabiu Bello, Bashirat Odenewu, Emma Fitzgerald, and the Company Affairs Fee (CAC).

“Seplat Vitality due to this fact states that, in due compliance with the Regulation and the Judgement, its AGM will maintain on Might 10, 2023 at 11:00am, as expressly ordered by the Federal Excessive Court docket of Nigeria,” the assertion learn.

In response to the assertion, this announcement is made pursuant to Rule 17.10 of the Rulebook of the Nigerian Alternate, 2015 (Issuer’s Rule).