Juli Plc has announced plans to convene all outstanding Annual General Meetings (AGMs) following years of operational and financial turbulence.
This was contained in the company’s notice seen by NewsNGR.
The company aims to resume regular AGMs by September 2025, reaffirming its commitment to transparency, accountability, and stakeholder engagement.
The company noted that the disruptions that delayed the AGMs stemmed from extraordinary challenges, including the adverse effects of the COVID-19 pandemic, which destabilised the company’s business ecosystem.
Persistent disruptions, volatility, and financial constraints compounded these difficulties, significantly affecting the company’s operations.
“Our business environment has been characterised by uncertainties, chaos, and heightened risks in recent years, but we are now at a turning point,” the company stated.
During this period, the Board of Directors provided critical funding and strategic leadership to stabilise operations and set the groundwork for long-term transformation.
As part of its recovery efforts, Juli Plc prioritised business continuity and operational stability while maintaining quarterly financial reporting to ensure transparency.
The company expressed regret for the lapse and inconvenience caused to shareholders, regulators, and other stakeholders.
Juli Plc said it is focused on rebuilding trust and fulfilling all outstanding statutory obligations, including convening the delayed AGMs. These efforts are part of a broader strategy to reposition the company for sustained growth and success for future generations.
“We deeply appreciate the understanding and continued support of our stakeholders over the past 55 years as we work diligently to transform Juli Plc’s fortunes,” the statement concluded.