WorldStage Newsonline– FBN Holdings (FBNH) Plc on Saturday confirmed that Mr Femi Otedola had acquired 5.07 per cent equity stake in the company barely 24 hours after claiming ignorance of the deal.
FBNH’s Company Secretary, Mr Seye Kosoko, in another notice at the Nigerian Exchange on Saturday affirmed that Otedola and his nominee now own 5.07 per cent equity stake in the company.
The notice said, “We refer to our communication to the market dated October 22, on the above subject wherein we stated that we would inform the public of any substantial acquisition, upon receipt of notification from the Shareholder.
“This morning, Oct. 23, 2021, FBN Holdings Plc received a notification from APT Securities and Funds Ltd., that their client, Mr Otedola Olufemi Peter and his nominee, Calvados Global Services Ltd. have acquired a total of 1,818,551,625 units of shares from the company’s issued share capital of 35,895,292,791.
“Based on the foregoing, the equity stake of Mr Otedola Olufemi Peter and his nominee in the company is now 5.07 per cent.”
