FCMB announces board meeting as BOC Gases plans equity sales

First City Monument Bank (FCMB) has announced that it will hold its board of directors’ meeting on December 4, 2020, just as BOC Gases plans to sell its controlling equity in its holding company.

According to a statement from the Nigerian Stock Exchange (NSE), the FCMB meeting will hold virtually.

“The meeting is principally to consider the financial year 2021 consolidated budget of the group,” said the notice signed by the Company Secretary, Olufunmilayo Adedibu.

At least 10 directors will be at the meeting, including the Chairman, Mr. Oladipupo Jadesimi; the Group Chief Executive, Mr. Ladi Balogun; and the Chief Operating Officer, Mr. Peter Obaseki.

In attendance also will be an Executive Director, Mr. Femi Badeji; a Non-Executive Director, Independent, Mr. Olusegun Odubogun, and five non-executive directors.

In a similar notice, BOC Gases said it would sell its 249.7 million shares; representing about 60 per cent in the BOC Holdings UK to TY Holdings.

It said it was the entire shareholding BOC UK held in BOC Nigeria plus certain claims owing by BOC Nigeria to BOC UK and certain other members of the Linde Plc Group.

“Shareholders of BOC Nigeria are advised to exercise caution when dealing in the shares of BOC Nigeria until a further announcement is made,” the Company Secretary, Gabinus Oriseh, stated.