On Thursday, September 26, 2024, Olufemi Otedola, Chairman of FBNH Plc, acquired 534,094,407 shares of Nigeria’s oldest bank at N30.0k per share. This transaction boosts his total direct and indirect shareholdings in FBNH to over 4.72 billion shares, valued at N139.29 billion, and represents 13.2% of the Holdco’s outstanding shares.
This move follows earlier acquisitions by Mr. Otedola and Calvados Global Services Limited, a company affiliated with him. In June 2024, they collectively acquired millions of shares at prices ranging from N19.9k to N21.97k per share, further increasing their stake in FBNH.
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