There has been a significant trade in shares of Central Securities Clearing System (‘CSCS) Plc on the NASD OTC Plc.
Two major shareholders of CSCS, Artemis Limited and ZPC Leadway Insurance Prem. Coll & Invest, who previously held 16.61% (830,641,902 units) and 5% (250,000,000 units) shareholding respectively, sold their shares to FMDQ OTC Plc (‘FMDQ’) on Friday June 30, 2023.
Consequently, FMDQ is now a shareholder with a 21.6% equity stake in CSCS.
CSCS serves as the central securities depository and clearing infrastructure for the Nigerian capital markets. The company plays an intrinsic role in ensuring the integrity and safety of transactions conducted in the Nigerian capital market.
Meanwhile, the CSCS has expressed gratitude to its shareholders and stakeholders for their sustained interest in the company.
The company reiterated its commitment to working towards achieving the strategic objectives of being the globally respected and leading central securities depository in Africa.
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