Abbey Mortgage Bank Plc has notified the Nigerian Exchange Limited (NGX) of a significant share dealing by one of its substantial shareholders, VFD Group Plc.
According to the disclosure, VFD Group sold 400,828,935 ordinary shares of Abbey Mortgage Bank Plc at an average price of N6.80 per share. The transaction was executed on September 17, 2025, at the Lagos trading floor of the NGX.
The shares are identified under ISIN: NGABBEY00001. The transaction represents an aggregate value of over N2.72 billion, further altering the shareholder structure of the mortgage lender.
The notification, signed by Geoff Amaghereonu, Company Secretary of Abbey Mortgage Bank Plc, was dated September 19, 2025.
Abbey Mortgage Bank’s Board of Directors is chaired by High Chief Samuel Oni, with Mr. Mobolaji Adewumi serving as Managing Director/CEO and Mr. Oladipupo Adeoye as Executive Director, Treasury & Business Growth.
Other non-executive directors include Brig-Gen John Obasa (rtd), Mrs. Christabel Onyejekwe, Ms. Jewel Okwechime, Ms. Chika Ochonogor, and Mr. Obinna Ufudo.
The disclosure complies with regulatory requirements on insider transactions and underscores the transparency obligations of listed companies on the NGX.