The Board of Directors of Geregu Power Plc has notified the Nigerian Exchange Limited and the investing public that it has received formal com- munication from its majority shareholder, Amperion Power Distribution Company Limited, regarding a change in its shareholding structure.
Amperion Power Distribution Company Limited, a company owned by billionaire businessman Femi Otedola recently sold 4.296 million shares in Geregu Power Plc.
Geregu Power Plc has been informed that Amperion Power Distribution Company Limited has undergone a restructuring of its ownership following a share sale and acquisition concluded on 29 December 2025. As a result of this transaction:
MA’AM Energy Limited has acquired 95% equity interest in Amperion Power Distribution Company Limited thereby becoming the new controlling shareholder of Amperion Power Distribution Company Limited.
Consequently, the indirect controlling interest previously held by Calvados Global Services Limited and Mr. Femi Otedola, CON in Geregu Power Plc has been transferred to MA’AM Energy Limited.
This transaction does not involve the direct sale or transfer of shares of Geregu Power Plc, and therefore the shareholding structure of the Company at the NGX remains unchanged.
However, the change in the ownership of the Company’s majority shareholder results in a change in the ultimate beneficial owner- ship of 77% of the Company’s issued share capital.
Following the above change in the ultimate beneficial ownership of the Company’s issued share capital, the Board of Directors at its meeting held on Monday, 29th December, 2025 considered and approved the appointment of the following persons to the Board of the Company, with effect from *Monday, 29th December, 2025.
Recommended for you
Leave a Reply
Leave a Reply
