A company linked to the Chairman of First HoldCo Plc, Mr. Olufemi Otedola, has acquired 1.779 billion ordinary shares of the financial services holding company in a transaction valued at approximately N222.27 billion, reinforcing the significant shareholder’s investment in the group.

The acquisition was disclosed by First HoldCo Plc in a regulatory filing submitted to the Nigerian Exchange Limited (NGX) on Thursday under the Exchange’s insider dealing disclosure requirements.

According to the notification dated July 30, 2026, the shares were purchased by Calvados Global Services Limited, a company identified in the filing as related to a significant shareholder, Mr. Olufemi Otedola, CON.

The filing indicated that the transaction represents an initial notification.

Details contained in the disclosure showed that Calvados Global Services Limited acquired 1,779,094,976 ordinary shares of First HoldCo at N124.90 per share, bringing the total value of the acquisition to about N222.27 billion.

The transaction was executed on July 30, 2026 on the trading floor of the Nigerian Exchange Limited (NGX) in Lagos.

The disclosure, signed by the Group Company Secretary, Abiola Baruwa, stated that the purchase involved ordinary shares of First HoldCo Plc with ISIN: NGFBNH000009.

The company also provided its Legal Entity Identifier (LEI) as 029200370B2O2ZA1C754 in compliance with regulatory reporting requirements.

Insider dealing notifications are mandatory disclosures required under NGX regulations whenever directors, senior executives, significant shareholders or entities connected to them trade in the shares of listed companies. The disclosures are designed to enhance market transparency, strengthen investor confidence and ensure that all market participants have timely access to information on material share transactions by insiders.

The latest acquisition further increases the investment exposure of interests associated with Otedola in First HoldCo and underscores continued confidence in the long-term prospects of the financial services group.

The transaction is one of the largest insider share purchases disclosed on the Nigerian Exchange in recent times, with the nearly 1.78 billion shares acquired representing a substantial block of the company’s issued shares. Market participants are expected to closely monitor the development for its implications on the company’s ownership structure and future strategic direction.