Stock Market

Insider Dealing: Tony Elumelu Buys 62,643,500 UBA Shares

Tony Elumelu Purchases 62,643,500 UBA Shares

United Bank for Africa Plc on Monday announced that Tony O. Elumelu, Chairman, UBA, and Heirs Holding Limited, purchased 62,643,500 ordinary shares of United Bank for Africa Plc.

In a statement signed by Bila Odum, Company Secretary, UBA, and released on the Nigerian Stock Exchange’s website, the lender said Mr. Elumelu purchased the shares from the Nigerian Stock Exchange in Lagos on Monday.

A break down of the statement showed Mr. Elumelu bought 400,000 shares at N6.15 per share while another 2,000,000 shares were purchased at N6.20 per share. The remaining 60,243,500 shares were acquired at N6.25 a unit. Bringing aggregate price to N6.20 per single share.

See the details below.
Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Share
Published by
Samed Olukoya
5 years ago

Recent Posts

Discordant Tunes Greet 50% Tariff Hike As Subscribers Threaten To Sue NCC

Nigerians have expressed displeasure over the decision of the Nigerian Communications Commission to increase tariffs…

6 hours ago

Beatrice Ekweremadu Returns to Nigeria After Serving Sentence in UK

Mrs. Beatrice Ekweremadu, wife of former Deputy Senate President Senator Ike Ekweremadu, has reportedly returned…

6 hours ago

Nigeria Expands Refining Capacity with MRO Energy’s Delta State Refinery

The Federal Government has taken another step toward boosting Nigeria’s refining capacity with the approval…

6 hours ago

Eko DisCo Set for Transformation as Transgrid Enerco Signs Historic 60% Acquisition Agreement

Transgrid Enerco Limited has signed a Share Purchase Agreement (SPA) to acquire a 60% equity…

7 hours ago

Metering Gap Exceeds 7 Million Despite Multilateral Loans and Government Funds

Despite interventions by the Federal Government and multilateral lenders amounting to over N1.5 trillion, Nigeria’s…

8 hours ago

Petrol Prices Surge to N990 in Abuja, N960 in Lagos as Oil Tops $80 Per Barrel

The Nigerian National Petroleum Company Limited (NNPC) has increased the pump price of petrol at…

8 hours ago