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AIICO Insurance revealed that a majority shareholder, DF Holdings Limited had acquired additional 27,174,309 ordinary shares at N1.10k per share at the Nigerian Stock Exchange platform. DF Holdings Limited is based in the United Kingdom which acts as a holding company and provides administrative services to the group. The notice which was signed by Donald Kanu, Company Secretary and dated January 7, 2021, further shows that the said dealing took place on December 9th 2020. SOURCE: NSE AIICO Insurance PLC specializes in pension and asset management, general and health insurance, annuity, and life assurance and serves corporations, financial institutions, governments, and individuals in Nigeria. ....
A majority shareholder in AIICO Insurance Plc, DF Holdings Limited, has acquired additional shares of the underwriting firm. The transaction occurred on Thursday, December 31, 2020, a notice from the company and pasted on the Nigerian Stock Exchange (NSE) revealed. It was disclosed that DF Holdings bought a total of 474,603,596 units of the company’s stocks at N1.17 each, amounting to N555.3 million. DF Holdings is owned by Mr Dele Fajemirokun, a Nigerian businessman, entrepreneur, investor, venture capitalist and philanthropist. The graduate of Business Economics from the prestigious University of Ife (now Obafemi Awolowo University) in Ile-Ife, has more than four decades of extensive business building and wealth creation experience, both within and outside Nigeria; having built a business empire that is unique in comparison to conventional businesses. ....