WorldStage– Abbey Bank Plc has announced a major restructuring in its ownership structure following the successful completion of its private placement exercise.
According to an official corporate announcement released to the Nigerian Exchange Limited (NGX), shareholders, and the investing public on September 16, 2026, the bank successfully placed 26,562,647,265 ordinary shares of 0.50k each at a price of 2.43k per share.
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Following the transaction, five investors have officially emerged as significant shareholders in the financial institution:
Abdulganiyu Olajide Adeola holds 6,995,884,774 shares, representing a 19.05% stake.
Herel Limited holds 6,995,884,774 shares, representing an 18.48% stake.
Archetype Energy Services Limited holds 6,333,476,332 shares, representing a 17.25% stake.
Cardinalstone Asset Management Limited holds 4,011,757,786 shares, representing a 10.93% stake.
Jotani Investment Limited holds 2,437,166,233 shares, representing a 6.64% stake.
The corporate disclosure was signed by Executive Director John Okonkwo on behalf of the bank’s leadership team, led by Board Chairman High Chief Samuel Oni and Managing Director/CEO Mr. Mobolaji Adewumi.
