FMDQ Holdings owns 21.6% equity stake in CSCS
FMDQ Holdings currently owns 21.6 per cent equity stake in Central Securities Clearing System Plc (CSCS) after purchasing 1,080,641,902 units of the company that is listed on the NASD OTC Plc.
Company Secretary/General Counsel, Charles Ojo in a signed statement, said the two major shareholders of CSCS, Artemis Limited and ZPC Leadway Insurance Prem. Coll & Invest, who previously held 16.61per cent or 830,641,902 units and five per cent or 250,000,000 units of shareholding respectively, sold their shares to FMDQ OTC Plc.
According to the statement, CSCS serves as the central securities depository and clearing infrastructure for the Nigerian capital markets.
“Our company plays an intrinsic role in ensuring the integrity and safety of transactions conducted in the Nigerian capital market.
“CSCS expresses gratitude to its shareholders and stakeholders for their sustained interest in the company. We affirm our dedication to working towards achieving our strategic objectives of being the globally respected and leading central securities depository in Africa,” the statement added.
