Consolidated Hallmark Holdings Plc has announced that its substantial shareholder, Sephine Edefe Nigeria Limited, purchased company shares worth N610.71 million.

According to the disclosure, Sephine Edefe acquired 150,793,257 units at N4.05 per share, with the deal executed in Lagos, Nigeria.

Filed with the Nigerian Exchange on December 9, 2025, the disclosure shows that the transaction took place earlier in the year, specifically between November 6 and 7, 2025.

The trades were executed in two tranches, 78 million units at N4.04 per share and 72.7 million units at N4.05.

A check by Nairametrics shows that Mr. Eddie Efekoha, a director on the company’s board, holds his indirect interest through Sephine Edefe Nigeria Limited.

Following the latest purchase, his indirect holding has risen to 902,982,634 units. Combined with his direct holding of 1,040,000,000 units, his total stake now stands at 17.92%, based on the company’s 10.84 billion outstanding shares.

The development followed the release of the company’s nine-month financial results, which showed insurance revenue rising to N31.1 billion, up from N19.9 billion in the same period of the previous year.