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Insider Dealings by Zenith Bank, United Capital, Other Listed Companies

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Nigerian Stock Exchange

Zenith Bank, Nigerian Breweries, Okomu Oil, Others Report Insider Stocks’ Dealings

Here is a list of all the announced insider dealings for this week.

Zenith announced that Dennis Olisa, an executive director of the bank, purchased 2 million shares in two transactions on September 15, 2020 at the Nigerian Stock Exchange in Lagos.

The lender said Olisa bought 1.5 million shares at N17.20 per share and another 500,000 units at N17.10 per share. Therefore, aggregate volume and price stood at 2,000,000 and N17.18, respectively.

Similarly, SOCFINAF S.A, a foreign substantial shareholder in Okomu Oil purchased 2,011,600 units in three transactions on 9th, 10th and 11th September 2020.

SOCFINAF S.A purchased 1,883,759 of Okomu shares at N77.98 per unit on September 9th. On September 10, it acquired another 13,540 units at N78 each while 114,301 shares were purchased at N74.76 each on September 11th. All transactions done at the Nigerian Stock Exchange in Lagos.

Emanuel Nnorom/VINE FOODS LIMITED 2 added to its holding in United Capital Plc on September 14, 2020. Emanuel Nnorom/VINE FOODS LIMITED 2, a related company to United Capital Plc, acquired 250,000 at N3.08 per share. Another insider, Florence Nnorom who is a relative to a non-executive director Emmanuel Nnorom, purchased 70,000 shares of United Capital Plc at N3.10 per share.

Insider dealings continue as Dr. Gilbert Obiajulu Uzodike, a substantial shareholder in Cutix Plc, increased its holding by 1,483,224 shares. The purchase was done in two transactions between 9th – 14th September 2020. Uzodike bought 499,222 and another 984,002 shares at N1.75 per share in Lagos, Nigeria.

Also, Mojisola Oluyemis Ayeni, the Chairperson, Nascon Allied Industries Plc, purchased ordinary shares of 200,000 in Nascon at NlO per share in September 2020.

Accordingly, Dr. Raymond Zoukpo, an independent director of Honeywell Flour Mills Plc, bought 204,541 shares in Honeywell Flour Mills Plc on September 3rd, 2020 in Lagos, Nigeria.

Nestle S.A increased its stake in Nestle Nigeria Plc by purchasing additional 229,697 shares at N1,249.65 per share on September 11, 2020.

A director of Mutual Benefits Assurance Plc, Ebube Ezeagwula, acquired 2.5 million shares at 20 kobo per unit on September 4, 2020 in Lagos, Nigeria.

Heineken Brouwerijen B.V, another foreign substantial shareholder in Nigerian Breweries Plc, purchased another 3,344,227 shares of Nigerian Breweries in three different transactions.

Heineken Brouwerijen B.V bought 3,265,000 shares at N40.95 a share, another 42,742 shares at N40.89 per share and 46,485 shares at N41.65 a unit.

Insider Dealings Sellers

Adedotun Ogunbiyi, a 5 percent holder in Mutual Benefits Assurance Plc sold 14,502,000 shares at 21 kobo on September 4 and 7, 2020. Ogunbiyi did another 3.11 million shares at 20 kobo per unit a transaction classified as cross deal.

Also, DVCF OIL & GAS PLC sold another 1 million shares of The Initiates Plc at 57 kobo each on September 7, 2020.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Dividends

GTBank Approves N79.464 billion Final Dividend for 2020 Financial Year

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gtbank

Shareholders of Guaranty Trust Bank Plc, a leading financial institution in Nigeria, have approved the payment of N79,464,186,000 as the final dividend from the N201.4 billion profit after tax recorded for the financial year ended December 31, 2020.

At the bank’s thirty-first Annual General Meeting held on Friday, April 9, 2021 at the Oriental Hotel in Victoria Island in Lagos, shareholders received and passed final dividend of N2.70k per 50 ordinary share for the 2020 financial year. Bringing the total dividend paid to shareholders for the 2020 financial year to N3.00k per ordinary share of 50 kobo each.

In the year under review, the leading financial institution realised N253.668 billion net interest income in the year under review, up from N231.363 billion achieved in 2019.

Commenting on 2020 financial year, Segun Agbaje, the Managing Director and Chief Executive Officer, GTBank, said “2020 was arguably the most challenging year that the world has faced in decades. In such unprecedented times, we sought to live out the full extent of our values; safeguarding lives and livelihoods for our people, our customers and across the communities where we operate.”

“We were on solid footing going into 2020; the strength, scale and liquidity of our balance sheet, coupled with the quality of our past decisions and the efficacy of our digital-first customer-centric strategy gave us the resilience and flexibility to navigate the economic shocks and market volatility that dominated the year.”

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Dividends

Jaiz Bank Proposes N0.03k as Final Dividend in 2020

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Jaiz Bank

Jaiz Bank Plc, a non-interest bank operating under Islamic banking principles in Nigeria, has proposed N0.03k per 50k ordinary share for the financial year ended December 31, 2020.

The amount is subject to appropriate withholding tax and approval will be paid to shareholders whose names appear in the Register of Members as at the close of business on June 10, 2021.

Jaiz Bank said the Register of Shareholders will be closed from Friday June 11, 2021 to Friday June 18, 2021.

It said the qualification date is June 10, 2021 but the payment date will be announced later.

However, shareholders who are yet to complete the e-dividend registration are advised to download the Registrar’s E-Dividend Mandate Activation For, from the company’s Registrar’s website at https://africaprudential.com/forms-offers/, complete and submit to the Registrar or their respective Banks.

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Nigerian Stock Exchange

Hallmark Insurance, Japaul Gold Lead Gainers as Equities Market Closed in Green

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Consolidated Hallmark Insurance Plc and Japaul Gold led gainers on Thursday as the Nigerian Stock Exchange closed in the green.

Investors exchanged 145.332 million shares valued at N1.576 billion in 3,525 transactions during the trading hours of Thursday.

Market value of listed equities inched slightly higher to N20.300 trillion while the Nigerian Stock Exchange All-Share Index gained 0.07 percent to 38,799.83 index points.

Banks’ stocks led the most traded stocks with First Bank of Nigeria Holdings leading with 21,851,331 shares valued at N157,179,233.85. This was followed by GTBank’s 20,500,310 shares estimated at N589,173,071.90. See the details below.

Top Trades

Symbols Volume Value
FBNH 21,851,331 N157,179,233.85
GUARANTY 20,500,310 N589,173,071.90
ZENITHBANK 17,584,133 N379,878,208.55
ACCESS 8,596,059 N68,887,206.60
JAPAULGOLD 7,580,118 N4,339,371.64

Top Gainers

Symbols Last Close Current Change %Change
CHIPLC N0.31 N0.34 0.03 9.68%
JAPAULGOLD N0.53 N0.58 0.05 9.43%
OANDO N3.1 N3.26 0.16 5.16%
AIICO N1.2 N1.26 0.06 5.00%
ZENITHBANK N21 N21.8 0.8 3.81%

Top Losers

Symbols Last Close Current Change %Change
ROYALEX N0.39 N0.36 -0.03 -7.69%
JAIZBANK N0.66 N0.62 -0.04 -6.06%
HONYFLOUR N1.19 N1.13 -0.06 -5.04%
LINKASSURE N0.84 N0.8 -0.04 -4.76%
DAARCOMM N0.21 N0.2 -0.01 -4.76%

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