Keyphrase:<\/strong> FBN Holdings rebrand<\/p>\n Meta Description:<\/strong> FBN Holdings rebrands to First Holdco Plc after shareholder approval at its AGM, alongside plans to raise \u20a6350 billion in capital.<\/p>\n FBN Holdings Plc has received shareholder approval to change its name to First Holdco Plc<\/strong> and pursue a \u20a6350 billion capital raise to strengthen its financial position.<\/p>\n At the company\u2019s 12th Annual General Meeting (AGM), held virtually, shareholders agreed to rebrand FBN Holdings and its subsidiaries under the new name First Holdco Plc<\/strong>.<\/p>\n Company Secretary Adewale Arogundade disclosed that the decision was part of the company\u2019s broader strategy to streamline its identity and operations. \u201cThe directors have been authorized to implement all necessary steps to reflect the new legal name and brand across subsidiaries and update the Memorandum and Articles of Association accordingly,\u201d the notice read.<\/p>\n FBN Holdings also secured approval to raise \u20a6350 billion in capital through multiple options, including:<\/p>\n The capital raise is aimed at bolstering the company\u2019s financial base and supporting growth initiatives. The share price will be determined via a book-building process<\/strong> or other valuation methods.<\/p>\n FBN Holdings emphasized that the capital raise is contingent upon regulatory approvals. The new ordinary shares will be listed on the Nigerian Exchange Limited and potentially other securities markets.<\/p>\n In a related move, the company had announced a \u20a6150 billion rights issue program earlier in November, part of its phased capital-raising strategy.<\/p>\n These steps signal FBN Holdings\u2019 commitment to strengthening its market position while aligning its branding with its growth ambitions.<\/p>\n","protected":false},"excerpt":{"rendered":" Keyphrase: FBN Holdings rebrand Meta Description: FBN Holdings rebrands to First Holdco Plc after shareholder approval at its AGM, alongside plans to raise \u20a6350 billion in capital. FBN Holdings Plc has received shareholder approval to change its name to First Holdco Plc and pursue a \u20a6350 billion capital raise to strengthen its financial position. Shareholder […]<\/p>\n","protected":false},"author":3,"featured_media":6597,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[35],"tags":[],"class_list":["post-6594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/posts\/6594"}],"collection":[{"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/comments?post=6594"}],"version-history":[{"count":1,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/posts\/6594\/revisions"}],"predecessor-version":[{"id":6598,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/posts\/6594\/revisions\/6598"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/media\/6597"}],"wp:attachment":[{"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/media?parent=6594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/categories?post=6594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shakamomodu.com\/index.php\/wp-json\/wp\/v2\/tags?post=6594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nShareholder Approvals at the 12th AGM<\/h3>\n
\u20a6350 Billion Capital Raise<\/h3>\n
\n
Next Steps and Regulatory Approvals<\/h3>\n