Wema Bank Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of WEMABANK?
Owner Type	Number of Shares	Ownership Percentage
Public Companies	194,446,842	0.907%
State or Government	444,584,666	2.07%
Institutions	3,672,016,807	17.1%
Individual Insiders	4,805,953,166	22.4%
General Public	4,876,085,054	22.8%
Private Companies	7,437,091,590	34.7%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 66.7%.

Top Shareholders

Top 16 shareholders own 77.25% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
22.4%	Abolanle Matel-Okoh	4,799,349,434	₦40.8b	0%	no data
17.9%	SW8 Investment Company Limited	3,830,544,578	₦32.6b	0%	no data
16.9%	Kessington Adebutu Foundation, Endowment Arm	3,632,682,768	₦30.9b	0%	no data
11.5%	Odua Investment Company Ltd	2,468,829,622	₦21.0b	0%	no data
5.13%	Petrotrab Limited	1,098,626,666	₦9.3b	0%	no data
2.07%	Osun State Government	444,446,666	₦3.8b	0%	no data
0.91%	Newell Brands Inc.	194,446,842	₦1.7b	0%	no data
0.18%	L.A. Pro-Shares Limited	39,090,724	₦332.3m	0%	no data
0.18%	GTI Asset Management And Trust Limited	39,090,724	₦332.3m	0%	100.0%
0.019%	Oluwole Ajimisinmi	4,113,996	₦35.0m	0%	no data
0.0081%	Tunde Mabawonku	1,736,666	₦14.8m	0%	no data
0.0031%	Oluwole Akinleye	672,566	₦5.7m	0%	no data
0.0011%	AIICO Insurance Plc, Asset Management Arm	243,315	₦2.1m	0%	100.0%
0.00064%	Oyo State Government	138,000	₦1.2m	0%	no data
0.00036%	Chukwuemeka Obiagwu	77,083	₦655.8k	0%	no data
0.00002%	R. Ademola Adebise	3,421	₦36.4k	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 07:50
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Wema Bank PLC is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	FSDH Merchant Bank Limited
Rahul Shah	Tellimer Research