First HoldCo Plc and RC Investment Management Limited (RCIM) have made significant progress in the ongoing disposal of the substantial block of FirstHoldCo shares held by RCIM in its capacity as independent Bridge Holder. The shareholding originated from a CBN-approved shareholder divestment arrangement under which RCIM acquired approximately 10.43 billion FirstHoldCo shares on the NGX in July 2025 for subsequent disposal to investors. The transaction is structured as a secondary-market sale of existing shares through the NGX. As of today, about 5.2 billion units have been crossed to subscribers, with…
Read MoreRCIM SHARE DISPOSAL RECORDS GOOD PROGRESS AS INVESTOR DEMAND REMAINS ROBUST
