Stanbic Africa Holdings Ltd invests additional N124m in Stanbic IBTC.

Stanbic Africa Holdings Limited (SAHL), an unlisted and wholly owned subsidiary of Standard Bank Group Limited (SBG), has announced the acquisition of an additional 3.2 million units of shares in Stanbic IBTC Holdings PLC, in a deal worth N124.12 million.

The deals were announced via two separate disclosures both signed by the secretary of Stanbic IBTC Holdings Plc., Chidi Okezie, and filed with the Nigerian Exchange Limited (NGX).

The breakdown of the transactions which occurred on the 1st and 2nd of November, 2021, showed that SAHL acquired additional 3,182,562 units of Stanbic IBTC shares at a unit price of N39, amounting to N124,119,918.

The new investments which took place in Lagos, is in addition to the sum of N463, 736,280.7 invested in Stanbic IBTC Holdings Plc by the former in September.

What you should know:

  • As at 30th of June 2021, SAHL held about 7,443,450,299 units of shares in Stanbic IBTC, translating to about to 67.02% of the latter’s total shareholdings.
  • Stanbic IBTC share price is currently trading at N39 per share on the floor of the Nigerian Exchange Limited (NGX).


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