Skye Bank Notifies Market Community On Shareholding Above 5 Percent

In compliance with Rule 17.13 of the NSE Rule Book, we hereby notify the Exchange, the Bank’s shareholders and investor community of significant transactions on the shares of the Bank, as at today February 27, 2018, up to 6.65% of the Bank’s shares are held by two companies, as follows:

AYYG & Sons Nig Ltd: 3.23%

YGD & Sons Nig Ltd: 3.42%

Report of a legal search carried out on the two companies, shows that the major shareholder in the two companies is Alhaji Garba Yakubu.

A brief on the two companies as shown in the Register of members is as follows:

1. AYYG & Sons Nig Ltd: Company was incorporated on February 14, 2005 with its objects listed as general contractors, general merchants and general suppliers, its registered place of business is 94, Kafur Road, Funtua, Katsina State, It holds 3.23% of the Bank shares as at date.
2. YGD & Sons Nig Ltd: Company was incorporated on February 8, 2005 with its objects listed as general contractors, general merchants, suppliers, stockists, manufacturers, representatives and commission agents, Its registered place of business is 94, Kafur Road, Funtua, Katsina State. It holds 3.42% of the Bank’s shares as at date.

Photo Caption: Skye Bank Logo