Another UBA Executive Director Buys 3m UBA Shares

The United Bank for Africa Plc on Thursday disclosed that one of its executive directors, Ayoku Liadi, purchased 3,000,000 UBA shares at N6.05 per share.

In a statement signed by Bili A. Odum, Company Secretary, UBA and released through the Nigerian Stock Exchange on Thursday, the bank said Mr. Liadi purchased ordinary shares of United Bank for Africa Plc on July 15, 2020 at the Nigerian Stock Exchange in Lagos.

This was before Tony O. Elumelu, the bank’s Chairman, bought 69,623,927 shares between July 20 and 21, 2020. Bringing the total purchase by insiders in the month of July to 72,623,927 shares.

Investors King’s comment, please note that the move by the lender’s top executives suggested that insiders with more robust information on the future direction of the company are bullish going forward.

This is one of the reasons Investors King has made it a duty to track all insider dealings and connect the dots. See the details below.