The 2025 Annual General Meeting (AGM) of Ikeja Hotel Plc has been suspended and postponed to another day to be announced by the board.
The company confirmed this development in a statement signed by a representative of its scribe, Olubunmi Tadema, and made available to the Nigerian Exchange (NGX) Limited.
The hospitality firm explained that the decision to push forward the gathering because of a directive of the Securities and Exchange Commission (SEC) to adhere to some regulatory oversight and judicial pronouncements.
“We wish to notify the General Public that the Annual General Meeting of Ikeja Hotel Plc scheduled for July 30, 2025, has been called off and postponed indefinitely.
“This follows a notice from the Securities and Exchange Commission, issued to ensure strict compliance with the regulatory oversight and judicial pronouncements currently in effect regarding Ikeja Hotel Plc and its investee company, The Tourist Company of Nigeria Plc (TCN).
“...ponement of the Annual General Meetings of Ikeja hotel Plc and The Tourist Company of Nigeria, Plc is to ensure strict compliance with applicable legal and regulatory requirements, and to safeguard the interests of Ikeja Hotel Plc as a shareholder and creditor in TCN and those of all relevant stakeholders in line with the Commission’s statutory mandate and directives.
“Consequently, the general public, esteemed shareholders, relevant regulators and all other stakeholders are advised to take note of this development and suspend any further actions or arrangements related to the Annual General Meeting,” the notice read.