Femi Otedola, group chairman of First HoldCo Plc, hasincreased his stake in the financial holding company to 18.12 percent. In First HoldCo’s unaudited consolidated and separatefinancial statements for the year ended December 31, 2025, released on Friday,Otedola’s combined direct and indirect shareholding stood at 8.02 billionshares. The financial statements were signed by Adebowale Oyedeji,group managing director, Wasiu Shafe, acting chief financial officer, andAbiola Baruwa, the group company secretary. According to the shareholding structure, the chairmandirectly holds 3.25 billion shares, representing 7.31 percent stake of thecompany’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 percentfrom 11.8 percent at the end of the 2024 financial year. Meanwhile, the report showed that RC Investment ManagementLimited 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, FirstHoldCo’s total issued share capital rose to 44.45 billion shares as of December31, 2025. At the end of the period, the company’s free float declinedto N1.24 trillion, representing 58.34 percent, from N800.07 billion, or 79.46percent, in 2024. First HoldCo added that the free float level remains incompliance with the Nigerian Exchange’s (NGX) requirements for companies listedon the premium board. In December 2025, Otedola acquired additional shares in thefinancial holding company worth N14.8 billion.
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