{
  "id": 17103622,
  "title": "RCIM share disposal records good progress as investor demand remains robust",
  "url": "https://urgent.news/2026/10/29/rcim-share-disposal-records-good-progress-as-investor-demand-remains",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T18:19:10.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/29/rcim-share-disposal-records-good-progress-as-investor-demand-remains-robust/"
  },
  "original_language": "en",
  "account": "First HoldCo Plc and RC Investment Management Limited (RCIM) have made considerable progress in the ongoing disposal of their substantial block of shares in FirstHoldCo. Originally acquired from the Central Bank of Nigeria-approved shareholder divestment arrangement in July 2025, RCIM purchased around 10.43 billion FirstHoldCo shares on the Nigerian Exchange (NGX). The transaction is being executed as a secondary-market sale of existing shares through the NGX.\n\nAs of the present, approximately 5.2 billion units of these shares have been transferred to investors, with additional crossings anticipated once all requisite regulatory approvals are secured and the remaining execution processes are completed. This significant volume of share transfers highlights the ongoing transfer of RCIM's share block to investors.\n\nThe high subscription rates and the successful absorption of such a large block of shares demonstrate strong investor confidence in FirstHoldCo. This confidence is based on the Group's robust financial performance, underlying fundamentals and long-term growth prospects. The success is further evidenced by the exceptional shareholder returns on a total shareholder return basis, positioning FirstHoldCo as the top performer among the FUGAZ banking group. Since January 2026, FirstHoldCo has delivered returns exceeding 200%, underscoring its status as a leading investment choice.\n\nThis milestone in the orderly divestment program signifies a pivotal step in broadening FirstHoldCo's investor base, reinforcing the company's appeal to a growing array of investors.",
  "summary": "First HoldCo Plc and RC Investment Management Limited (RCIM) have made significant progress in the ongoing disposal of the substantial block of FirstHoldCo shares held by RCIM in its capacity as independent Bridge Holder. The post RCIM share disposal records good progress as investor demand remains robust appeared first on Nairametrics .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}