Tengen Holdings (Mauritius) Limited, a company related to the Group Chief Executive of Access Holdings Plc, Dr. Herbert Wigwe, has again acquired additional 150 million shares worth N1.49 billion in the company.
The acquisition of 150 million shares represents 0.43% of the company’s total outstanding shares of the company. From the acquisition, Tengen Holdings has increased its number of shares from 432,577,819 units of shares as of December 31, 2022, to N802,577,819 units.
In a notice signed by the company Secretary, Sunday Ekwochi, on May 12th, Tengen Holdings purchased 75,000,000 units of Access Holdings Plc at N9.9 per share valued at N742.5 million.
Additionally, on a separate deal, the company also bought shares 75,000,000 units of shares at N9.9 per share valued at N742.5 million. This brings the total value of shares purchased to N1.49 billion.
With the latest acquisition, Wigwe remains the bank’s single largest shareholder with about 5.98% of its total shareholding structure.