A  Federal High Court sitting in Abuja has ordered Seplat Energy Plc to hold its Annual General Meeting (AGM) on Wednesday (10th May 10,  2023).

The judgement was delivered by Justice A.R. Mohammed in  Suit number FHC/ABJ/PET/7/2023 – Akinnifesi & Adelaja V. Seplat Energy Plc.

In a statement made available to Majorwaves  on Tuesday, Seplat said the AGM will hold in due compliance with the law and the judgement.

“Seplat Energy Plc announces that the Federal High Court, per A.R. Mohammed J, sitting in Abuja in Suit number FHC/ABJ/PET/7/2023 – Akinnifesi & Adelaja V. Seplat Energy Plc has delivered a final and binding Judgment, ordering the Company to hold its AGM on 10th May 2023 (Judgment). The Judgment further restrains any current or former directors, shareholders and officers of the Company from cancelling or postponing the AGM as announced to the public.

“Seplat Energy therefore states that, in due compliance with the Law and the Judgement, its AGM will hold on 10th May 2023 at 11:00am, as expressly ordered by the Federal High Court of Nigeria.

“This announcement is made pursuant to Rule 17.10 of the Rulebook of the Nigerian Exchange, 2015 (Issuer’s Rule),” the company said.

It would be recalled that there were  media reports last week, which sought to create the impression that the court had restrained the company from holding its 2023 AGM in the duplicated petition of FHC/ABJ/PET/8/2023 – Boniface Okezie & 4 others V. Seplat Energy & 9 others.

But reacting to the reports, Seplat had said the reports were “a deliberate attempt to misinform the public and misrepresent the court proceedings, as the Court made no such order suspending the holding of the AGM.”

“It is imperative to recall from the Company’s Announcement of 28 April 2023 that the Court did not grant the Petitioners’ request to restrain the Company from holding its AGM.

“Seplat Energy is working within the purview of the law, with due reference to the Court, and has secured all required approvals,” the company had said.