Investors Absorb 5.2 Billion FirstHoldCo Shares in Ongoing RCIM Divestment

FirstHoldCo says investors have taken up about 5.2 billion shares from the 10.43 billion-share stake being sold by RC Investment Management Limited through the Nigerian Exchange. The sale is part of a Central Bank-approved divestment arrangement. RCIM acquired the shares in July 2025 as a bridge holder for their eventual transfer to investors. FirstHoldCo said the heavy trading activity in its shares reflects the ongoing transfers. The remaining shares will be crossed after required regulatory approvals and other processes are completed. The company added that the transaction will expand its shareholder base. It said it has delivered more than 200 per cent total shareholder return since January 2026, leading the FUGAZ banking group over the period.

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