FCMB GROUP PLC. (FCMB) Stock STock

[Admin]

Company Name: FCMB GROUP PLC. (FCMB)

Ticker: FCMB
Market Classification: Main Board
Sector: FINANCIAL SERVICES
Sub Sector: Other Financial Institutions
Nature of Business: Provision of banking and other financial services to corporate and individual customers
Company Address: 44 MARINA, LAGOS, NIGERIA
Telephone: 234014612610
Fax: 234012713552
Email: fcmbgroupplc@fcmb.com
Auditor: KPMG PROFESSIONAL SERVICES
Registrar: CITY SECURITIES (REGISTRARS) LIMITED
Company Secretary: Olufunmilayo Adedibu (Mrs)
Date Listed: June 21st 2013
Date of Incorporation: November 20th 2012
Website:
Board Of Directors:
ALH. MUSTAPHA DAMCIDA, ENGR (DR.) GREGORY ERO, MR. BISMARCK REWANE, MR. LADI BALOGUN , MR. MARTIN DIRKS, MR. OLUSEGUN ODUBOGUN, MR. OLUTOLA O. MOBOLURIN , MR. PETER OBASEKI, MRS. OLAPEJU SOFOWORA, OLADIPUPO JADESIMI, PROF. OLUWATOYIN ASHIRU

Trading Information
Trading Name: FCMB GROUP PLC. (FCMB)
Ticker Symbol: FCMB
Sector: FINANCIAL SERVICES
Sub Sector: Other Financial Institutions
Market Classification: Main Board
Market Cap (Mil.): 33,664,608,281.80
Shares Outstanding (Mil.): 19,802,710,754

 

[Admin]

FCMB GROUP PLC Dividend is N0.14

 

[Adewale Stock]

The founder of FCMB, Michael Balogun, has acquired N24.5 million worth of stocks in the financial institution, while his investment company also increased its stake in the lender.

Balogun parted with the figure to purchase 7,000,000 shares on April 28, according to filing obtained from the Nigerian Exchange Limited (NGX) on Thursday, while his property firm, Primrose Investment Limited, bought double.

Ripples Nigeria gathered that Primrose acquired 14 million shares at the cost of N49 million, on the same day Balogun made his own asset purchase. Primrose has been increasing its stake in FCMB in the last two years.

Prior to the recent acquisition, Primrose held 1.01 billion shares, which gave the company 5.12% ownership of FCMB as of December 31, 2021 – a year before, the investment firm held 3.25% stake.

However, Balogun and Primrose, which is the third largest stakeholder in FCMB, are not the only substantial investors busy on the lender’s exchange floor in the capital market to improve investment assets.

FCMB Trustees Limited FCMB ESOP invested N1.51 billion in the financial institution, in exchange for 432,330,102 shares, while Bluechip Holdings Limited purchased 7,000,000 shares for N24.5 million.