Billionaire investor Femi Otedola combined interest in First HoldCo Plc increased to 20.40% as of June 30, 2026, up from 18.12% at the end of March 2026 and 15.95% as of June 30, 2025.
This is according to the company’s latest shareholding disclosure as contained in its recently released first quarter results.
The increase was driven by his indirect holdings, which rose to 6.03 billion shares in June 2026 from 4.80 billion shares in March 2026 and 3.47 billion shares in June 2025.
His direct holdings, meanwhile, stood at 3.25 billion shares at the end of June 2026.
The latest disclosure shows that Otedola held a combined 9.28 billion shares in First HoldCo at the end of June 2026, compared with 8.06 billion shares three months earlier. This represents an increase of approximately 1.22 billion shares between March and June.
Otedola has expanded his interest in First HoldCo over the past year, even as the company increased its total issued shares.
As of June 30, 2025, Otedola held 3.21 billion shares directly and 3.47 billion shares indirectly, giving him a combined 6.68 billion shares, equivalent to 15.95% of First HoldCo. At the time, the company had 41.88 billion issued shares.
By March 31, 2026, his combined position had increased to 8.06 billion shares, representing 18.12%, comprising 3.25 billion direct shares and 4.80 billion indirect shares. First HoldCo’s issued share capital had also expanded to 44.45 billion shares.
Three months later, as of June 30, 2026, Otedola’s combined holding had risen further to 9.28 billion shares, representing 20.40% of the company.
- His direct holding remained at 3.25 billion shares, while his indirect stake increased to 6.03 billion shares.
- Over the same period, First HoldCo’s total issued shares increased further to 45.48 billion.
- Overall, Otedola increased his combined holding by about 2.60 billion shares between H1 2025 and H1 2026, while his ownership interest rose by 4.45 percentage points, from 15.95% to 20.40%.
This increase occurred despite First HoldCo adding roughly 3.60 billion shares to its issued share capital over the period.
