FBN Holdings (FBNH) Plc has denied the purported acquisition of a majority stake in the company by Mr. Femi Otedola.
The rebuttal was disclosed by the company in a statement pasted on the website of the Nigerian Exchange (NGX) Ltd. on Friday, October 22, 2021.
Specifically, FBN Holdings says it is yet to receive any notification of the purported acquisition. The statement, signed by Company Secretary, Mr. Seyi Kosoko, said the company would notify the appropriate agencies and authorities whenever it received any notice of significant shareholding by the shareholders and its registrars.
“The attention of FBNH has been drawn to media reports of today, October 22; purporting that a certain individual has acquired significant shareholding interest in FBN Holdings; making him the majority shareholder in the company.
“As a listed company, the shares of FBN Holdings are publicly traded, and sale and acquisition of shares is expected in the normal course of business.”