Abbey Bank Plc has disclosed five investors who have emerged as significant shareholders following the completion of its private placement of 26.56 billion ordinary shares.
The bank said the shares, with a nominal value of 0.50 kobo each, were issued at N2.43 per share.
In a notice to the Nigerian Exchange Limited, shareholders and the investing public dated September 17, 2026, Abbey Bank said the transaction had resulted in the five investors crossing the threshold for significant shareholding in the bank.
Abdulganiyu Olajide Adeola emerged as the largest shareholder, with 6.996 billion shares, representing 19.05 per cent of the bank’s equity. Herei Limited followed with 6.784 billion shares, equivalent to 18.48 per cent.
Archetype Energy Services Limited holds 6.333 billion shares, representing 17.25 per cent of the bank. Cardinalstone Asset Management Limited emerged with 4.012 billion shares, giving it a 10.93 per cent stake. Jotani Investment Limited holds 2.437 billion
This post was originally published on this site.
