In a statement sent to the Nigerian Exchange Limited, the
Company Secretary, Seyi Kosoko, responded to the reports that Otedola had
allegedly acquired 5 per cent of the company’s shares noting that such was not
tenable in the field the company operates.
The statement read in part, “The attention of FBN Holdings
Plc (the Company) has been drawn to media reports today, 22 October 2020
purporting that a certain individual has acquired significant shareholding
interest in FBN Holdings Plc {the Company) therefore making him the majority
shareholder in the Company,”
“As a listed Company, the shares of FBN Holdings Plc are
publicly traded, and sale and acquisition of shares is expected in the normal
course of business. We operate in a regulated environment, which requires
notification of significant shareholding by Shareholders to the Company, where
shares are held in different vehicles, further to which the Company will notify
the regulators and the public as appropriate.
The reports circulating would indicate that Otedola would be
the majority shareholder, which would also give him the highest voting points.
Since FBN stocks are traded publicly, a notification of the
businessman’s acquisition, which is reportedly about N30 billion, would have
been reported to the Company Registrars.
“The Company is yet to receive any notification from the
individual mentioned in the media report, of such acquisitions.
“FBN Holdings Plc will always notify the appropriate
agencies and authorities whenever it receives any notice of significant
shareholding by the Shareholders and the Company’s Registrars,” the statement
added.
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