First HoldCo Plc. has addressed recent rumours circulating in various print and digital media outlets, including ThisDay and BusinessDay newspapers and Arise TV, concerning recent share sales in the company.
In a statement released on the NGX and signed by Adewale L.O. Arogundade, Company Secretary, First HoldCo Plc, the company unequivocally stated that its Chairman, Mr. Femi Otedola, did not purchase any of the shares in question. Furthermore, the Federal Government of Nigeria, nor any of its Agencies, acquired the shares in Trust, contrary to speculative reports.
The company clarifies that Barbican Capital Limited and its affiliates and Leadway Group and its affiliates were the sellers involved in these transactions, and RC Investment Management Limited was the buyer of these shares.
This statement is issued to provide accurate information and dispel any misleading narratives regarding the recent share movements within FirstHoldCo Plc.
