UBA Chairman, Tony Elumelu Buys Additional 2.199m UBA Shares

Tony O. Elumelu, the Chairman of the United Bank for Africa and Heirs Holding Limited, purchased additional 2,199,373 shares of United Bank for Africa Plc.

In a statement signed by Bili A. Odum, Company Secretary, UBA and released on the Nigerian Stock Exchange, the bank stated that Mr. Tony O. Elumelu bought the shares on Wednesday, July 22, 2020 from the Nigerian Stock Exchange in Lagos at an average price of N6.15 per share.

This was in addition to the 62,643,500 and 6,980,426 shares purchased between 20 and 21, July 2020 in Lagos. Therefore, the Chairman has now purchased a combined 71,823,300 shares in the month of July.

To better throw more light on the activities of UBA executives, Ayoku Liadi, one of the company’s executives, also purchased 3,000,000 shares on July 15, 2020. Bringing the total purchases by UBA executives in July to 74,823,300.

Below are the details of Elumelu’s latest purchase.