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FirstHoldCo Chairman Femi Otedola Increases Stake in Deal Valued at N1.21 Billion

Femi Otedola

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FirstHoldCo Plc Group Chairman, Femi Otedola has increased his stake in the company. He purchased 39,313,379 units valued at N1.21 billion.

According to a disclosure on the Nigerian Exchange (NGX), the transaction was dated September 23, 2025. The purchase was at a share price of N31 per unit,

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Similarly, Calvados Global Services Limited, a company related to Femi Otedola, also acquired 25,565,289 ordinary shares worth N792.5 million. This transaction was at the same price

Otedola previously held a direct stake of 3,212,032,866 units (7.67%) and an indirect stake of 3,465,560,297 units (8.28%). which has now risen to a direct shareholding of 3,251,346,245 units (7.77%), and indirect holdings of 3,491,125,586 units (8.34%).

 

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