RCIM Transfers 5.2 Billion FirstHoldCo Shares to Investors

RC Investment Management Limited (RCIM) has completed the transfer of about 5.2 billion shares of FirstHoldCo Plc to investors as part of an ongoing divestment program involving approximately 10.43 billion shares acquired in July 2025. The shares were purchased on the Nigerian Exchange (NGX) under a Central Bank of Nigeria-approved shareholder divestment arrangement, with RCIM serving as an independent bridge holder responsible for selling the shares to investors.

Further transfers will occur as regulatory approvals are secured and outstanding transaction processes are finalized. This transaction involves the sale of existing shares through the secondary market rather than the issuance of new shares.

The transfers represent a significant portion of the trading volumes for FirstHoldCo shares. FirstHoldCo has delivered total shareholder returns exceeding 200 percent from January 2026 to date, ranking first among the FUGAZ banking groups.

The divestment program aims to broaden FirstHoldCo’s investor base and facilitate the orderly transfer of shares to new investors.