Mr. Otedola emerged as the major shareholder of the company following his acquisition of more than 5 percent equity state according to a statement a senior official of the bank issued on Saturday.
The company had earlier denied knowledge of a 'supposed takeover'' saying it was yet to receive a notification from Mr. Otedola. However, in a communication obtained by Nigerian Exchange Limited on Saturday, the company said it was notified by APT Securities and Funds Limited that "...that Mr. Otedola Olufemi .P. and his nominee, Calvados Global Services Limited have purchased a sum of 1,818, 551,625 units of shares from the Company’s issued share capital of 35,895,292791.”
“Based on the foregoing, the equity stake of Mr. Otedola Olufemi Peter and his nominee in the company is now 5.07%,” the notice signed by Seye Kosoko, First Bank Holdings company secretary, said.
Following the communication, Mr. Otedola becomes First bank's single largest shareholder on record.
First bank had stated in its 2020 annual financial year report and accounts that “...According to Register of Members as of December 30, 2020, there is no shareholder with 5% of the shares of FBN Holdings Plc.”
This, however, is the first time since the December 2020 report that the bank is informing the Nigerian Exchange of a huge acquisition of its shares so much that an individual owns more than 5% of the company.
Content created and supplied by: OldBoys (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More