Post by Proshare (@Proshare)

First HoldCo Plc has disclosed another significant insider-related share acquisition involving Calvados Global Services Limited, a company linked to its Chairman and significant shareholder, Mr Olufemi Otedola, CON.

A regulatory filing submitted to the Nigerian Exchange Limited (NGX) revealed that Calvados Global Services Limited acquired an additional 706,131,179 ordinary shares of First HoldCo Plc at N109.88 per share on July 22, 2026.

According to the Group's H1 2026 financial statement shareholding structure and the latest insider dealings, Mr Otedola's indirect holdings through Calvados Global Services Limited have increased to approximately 6.73 billion shares, while his direct shareholding remains 3.25 billion shares. Consequently, his total direct and indirect shares in First HoldCo have risen to approximately 9.98 billion shares.

The latest acquisition raises Mr Otedola's ownership to 21.95% of First HoldCo's 45.48 billion outstanding shares, further consolidating his position as the financial services group's largest individual shareholder.

At the transaction price of N109.88 per share, the newly acquired 706.13 million shares are valued at approximately N77.59bn, representing another substantial investment in the Group.

Read more: https://proshare.co/articles/otedola-raises-first-holdco-stake-to-21.95-with-fresh-706.13-million-share-purchase?menu=Market&classification=Read&category=Stock

First HoldCo Plc has disclosed another significant insider-related share acquisition involving Calva...

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