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Change Of Name from FMDQHoldings PLC To FMDQ Group PLC




We are pleased to inform you of our Company’s change of name from FMDQ Holdings PLC to FMDQ Group PLC (“FMDQ” or “FMDQ Group” or “the Group”), effective February 2, 2022.
Launched as FMDQ OTC PLC in 2013, FMDQ Group has evolved over the years from an OTC Market to a full-fledged Securities Exchange, to a budding financial market infrastructure (FMI) Group, now structured as a Securities and Exchange Commission (SEC)-registered Capital Market Holding Company, warehousing five (5) wholly-owned subsidiaries, including FMDQ Securities
Exchange Limited (Nigeria’s largest Exchange by Market Turnover – with an annual average of c. N166 trillion), FMDQ Clear Limited (Nigeria’s only operating Central Counterparty – with over c.
$60 billion derivatives contracts cleared), FMDQ Depository Limited (Nigeria’s integrated Securities Depository), FMDQ Private Markets Limited (Nigeria’s Private Capital Marketplace Organiser) and iQx Consult Limited (an Information Technology Services Company).
As a technology-enabled and systemically important FMI Group in Africa’s financial market landscape, FMDQ Group is strategically positioned to provide registration, listing, quotation and noting services; integrated trading, clearing & central counterparty, settlement, risk management for financial market transactions; and depository of securities; as well as data and information services, across the debt capital, foreign exchange, derivatives and equity capital markets, through its wholly-owned subsidiaries. This change of name is intended to better position the Group to consolidate on its Vision “To be the leading African builder of ecosystems
of financial infrastructure and services for markets”.
Please note that there are no changes to FMDQ Group business operations, governance structure, corporate structure, or any other aspect of the business, as a result of this name change. We are excited about the opportunities in 2022 and beyond, and remain committed to
facilitating the transformation of our financial markets to become “GOLD” (Globally Competitive, Operationally Excellent, Liquid and Diverse).

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