FCMB Group moves to increase stake in Legacy Pension Managers

By Chinyere Joel-Nwokeoma

 

 

 

Lagos   –     FCMB Group has notified Nigerian Stock Exchange (NSE) that it has entered into an agreement with other shareholders of Legacy Pension Managers Ltd. for acquisition of additional 60 per cent stake in Legacy.

The News Agency of Nigeria (NAN) reports that this was contained

In a notification letter by FCMB Group to the exchange pasted on NSE web site, it said that the proposed acquisition would increase FCMB’s interest in Legacy to 88.2 per cent, thus making Legacy a subsidiary of FCMB.

According to the notification, the proposed transaction is subject to the approval of the Central Bank of Nigeria (CBN), National Pension Commission and the Securities and Exchange Commission.

Related Story:  NRA says attack on referees not acceptable

NAN reports that FCMB Group is listed on the NSE with the ticker symbol (FCMB) and has 19,802,710,781 ordinary shares held by over 521,000 shareholders.

FCMB Group and its subsidiaries each function as separate and distinct operating companies with separate Boards of Directors and Executives.

It has approximately 3.7 million customers and 204 branches in Nigeria.

FCMB has a banking subsidiary in the United Kingdom through FCMB Bank (UK) Ltd (which is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA in the United Kingdom).

9 comments

  1. Nice blog here! Also your web site rather a lot up fast! What host are you the use of? Can I get your associate link in your host? I want my website loaded up as quickly as yours lol

  2. I do consider all the concepts you have introduced in your post. They are really convincing and can certainly work. Still, the posts are very brief for novices. May you please extend them a bit from subsequent time? Thank you for the post.

  3. Thanks for the auspicious writeup. It actually was a amusement account it. Look complicated to far delivered agreeable from you! However, how could we communicate?

  4. Hi there, I found your site by way of Google whilst searching for a related topic, your website got here up, it seems to be good. I have added to favourites|added to bookmarks.

  5. I’ll right away clutch your rss as I can’t in finding your email subscription link or e-newsletter service. Do you’ve any? Kindly permit me know in order that I may subscribe. Thanks.

  6. Very great post. I simply stumbled upon your weblog and wanted to say that I have truly enjoyed surfing around your weblog posts. In any case I will be subscribing in your feed and I’m hoping you write once more very soon!

  7. Nice blog here! Also your site rather a lot up very fast! What host are you the use of? Can I get your affiliate link for your host? I wish my site loaded up as quickly as yours lol

  8. Thank you a bunch for sharing this with all of us you actually realize what you’re speaking about! Bookmarked. Kindly also consult with my web site =). We can have a link alternate agreement between us

  9. Hi, Neat post. There is an issue together with your website in web explorer, could check this? IE still is the marketplace leader and a good element of folks will leave out your fantastic writing due to this problem.

Sundiata Post Media Ltd.

Address: 3rd Floor Office Suite, Bayelsa State Guest House, Plot 1038, Shehu Shagari Way, Maitama, Abuja, Nigeria.
Tel: +234(0)92900705, +234(0)8173460599
Whatsapp: +234(0)8053069436
BBM PIN: 5619150D
Email: info@sundiatapost.com
Website: www.sundiatapost.com

Enugu Regional Office: SW 1 New Haven Shopping Mall, Enugu, Enugu State, Nigeria.
Tel: +234(0)7062582838
https://twitter.com/sundiatapost/

London Office: 18 Belgrave Avenue, Wd18 7UE, Watford, United Kingdom.
Tel: +447417554143
Dubai Office: PAU Management Suite, Level 23 - Boulevard Plaza Tower 2, Emaar Boulevard,
P. O. Box 124342, Dubai, UAE.
Tel: +971 4 4096849 | Fax: +971 4 409 6850
About Us

SundiataPost is published by Sundiata Post Media Limited, Sundiata Post is Nigeria’s most authoritative online newspaper and ranks among the top five online news platforms in Nigeria.

Guild of Corporate online publishers
ACCREDITED MEMBER
A Glance at Our Advert Rate.

Inside Pages

Size In Pixels - Amount

120×180 - N27,967.50

300×100 - N24,695

Text Link - N11,275

More Details info

About Us | Contact Us | Privacy Policy | Terms of Use | Advert Rate