Femi Otedola, group chairman of First HoldCo Plc, has
increased his stake in the financial holding company to 18.12 percent.
In First HoldCo’s unaudited consolidated and separate
financial statements for the year ended December 31, 2025, released on Friday,
Otedola’s combined direct and indirect shareholding stood at 8.02 billion
shares.
The financial statements were signed by Adebowale Oyedeji,
group managing director, Wasiu Shafe, acting chief financial officer, and
Abiola Baruwa, the group company secretary.
According to the shareholding structure, the chairman
directly holds 3.25 billion shares, representing 7.31 percent stake of the
company’s issued share capital.
Otedola also has an indirect holding of 4.8 billion shares,
accounting for an additional 10.81 percent stake.
His total shareholding therefore increased to 18.12 percent
from 11.8 percent at the end of the 2024 financial year.
Meanwhile, the report showed that RC Investment Management
Limited is the single largest shareholder, with 10.43 billion shares,
representing a 23.47 percent stake in the company.
Compared with 35.9 billion shares at the end of 2024, First
HoldCo’s total issued share capital rose to 44.45 billion shares as of December
31, 2025.
At the end of the period, the company’s free float declined
to N1.24 trillion, representing 58.34 percent, from N800.07 billion, or 79.46
percent, in 2024.
First HoldCo added that the free float level remains in
compliance with the Nigerian Exchange’s (NGX) requirements for companies listed
on the premium board.
In December 2025, Otedola acquired additional shares in the
financial holding company worth N14.8 billion.
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