Femi Otedola, chairman of First HoldCo Plc, has acquired an additional 138 million shares in the financial services group, valued at about ₦18.1 billion.
The transaction was announced on Friday in a regulatory filing signed by the group’s Company Secretary, Abiola Baruwa.
Mr Otedola acquired an additional 138,041,465 shares at ₦131.2 per share through Calvados Global Services Limited.
The new share purchase represents 0.30 per cent of the company’s outstanding shares, bringing Mr Otedola’s total stake in the financial services group to 27.16 per cent of the company’s issued share capital.
Mr Otedola now holds approximately 11.9 billion shares in the financial institution, valued at about ₦1.74 trillion based on the company’s share price of ₦146.20 as of 12:35 p.m. (WAT) on 7 August.
