September 27, 2011
First City Monument Bank (FCMB) Plc having obtained an approval in principle for the acquisition of Finbank Plc, has scheduled an Extra Ordinary General Meeting to seek shareholders' approval of the scheme.
The meeting which has been scheduled to hold on September 29, will also enable a vote on whether to allow the bank to either issue its shares or pay cash to the shareholders of Finbank as consideration for the transaction, as well as seek shareholders vote to ratify a $70 million loan it obtain from the private sector arm of the World Bank, the International Finance Corporation, last November.
It is for this reason that we are cordially inviting your news crew to cover the Extraordinary General Meeting of the FCMB holding as follows:
Venue: Shell Hall, Muson Centre, Onikan, Lagos
Date: Thursday, September 29, 2011