Group Chairman, First HoldCo Plc, Olufemi Otedola, has increased his stake in the company with the purchase of 39,313,379 units valued at ₦1.21 billion.
According to the company’s second-quarter financials released on July 30, 2025, Otedola previously held a direct stake of 3,212,032,866 units (7.67%) and an indirect stake of 3,465,560,297 units (8.28%).
A disclosure published by the company on the Nigerian Exchange (NGX) on Thursday, revealed that the new transaction, at a share price of ₦31 per unit, was executed in Lagos on September 23, 2025, under the identification code NGFBNH000009.
Added to his newly acquired stakes, Calvados Global Services Limited, a company related to Otedola, also acquired 25,565,289 ordinary shares worth ₦792.5 million at the same price and with the same transaction code.
His direct shareholding has now risen to 3,251,346,245 units (7.77%) following the latest acquisitions, while his indirect holdings now stand at 3,491,125,586 units (8.34%).
