Abbey Bank Plc Discloses Significant Shareholders Post-Placement

Abbey Bank Plc has notified the Nigerian Exchange (NGX), its shareholders, and the investing public of the outcome of its recently concluded private placement. The Bank issued 26,562,647,265 ordinary shares of ₦0.50k each at a price of ₦2.43k per share under the placement.

Following the completion of this exercise, five entities have emerged as significant shareholders. Abdulganiyu Olajide Adeola holds the largest stake at 6,995,884,774 shares, representing 19.05% of the Bank. Herei Limited follows with 6,784,362,140 shares (18.48%), while Archetype Energy Services Limited holds 6,333,476,332 shares (17.25%). Cardinalstone Asset Management Limited acquired 4,011,757,786 shares, giving it a 10.93% stake, and Jotani Investment Limited holds 2,437,166,233 shares at 6.64%.

The announcement was signed by John Okonkwo, Executive Director of the Bank, and was dated 17 September 2026 from the Bank's registered office at 23 Karimu Kotun Street, Victoria Island, Lagos.