Latest Insider Trading by Top Executives in Recent Weeks

Here is a complete list of all the recent inside dealings by top executives on Nigeria’s listed companies. The total purchases, total amount and date of purchases.

United Capital Plc Insider Dealings

The United Capital Plc announced that Sunny Anene, the Group Executive Director of the company bought 356,820 shares from the company at N4.11 per share on October 30, 2020.

On November 2, Anene purchased another 558,754 units at N4.08 per share.

While, Emanuel Nnorom/VINE Foods Limited 2, a related company, acquired an additional 500,000 shares at N4.12 a piece on November 2, 2020.

Another related company, Peter Ashade/ARTOL INVESTMENT COMPANY LIMITED, purchased 1,780,000 units at N 4.08 per share.

The Initiates Plc Insider Dealings

DVCF Oil & Gas Plc, a substantial shareholder, sold 1,000,000 shares of The Initiates Plc at 0.57 a unit on September 9, 2020.

The company sold another 2,266,000 shares of The Initiates at 0.57 per unit on September 8, 2020.

It sold another 50 units at 0.57 apiece on October 26, 2020.

DVCF Oil & Gas Plc has been selling its stake in The Initiates Plc since the beginning of the year, there may be more to it given the mannerism and style of those sales.

VitaFoam Nigeria Plc Insider Dealings

Dr. B. O. Makanjuola, a non-executive director of Vitafoam Nigeria Plc, purchased 63,798 shares of Vitafoam at an aggregate price of N5.90 on September 23, 2020.

In the statement sent to the Nigerian Stock Exchange, the deal was done in two transactions. Makanjuola bought 25,000 units at N5.90 kobo and another 38,798 shares at N5.90 kobo on the same day.

On October 5 and 6, Makanjuola acquired 83,544 shares of vitaform in six transactions at an aggregate price of N5.90 kobo each.

Again, Makanjuola purchased 257 shares at N5.90 kobo each on October 7, 2020.

Caverton Insider Dealings

Molar Vessels Supplies Limited with three directors, Rotimi Makanjuola -MD Caverton Helicopters Limited, Lolade Abiola – Director Caverton Helicopters Limited and Yoyinsola Makanjuola -Wife of Chairman Caverton Offshore Support Group Plc sold 50,000,000 units at 1.80 per share and 19,000,000 units at N1.75 per unit. Bringing total sales to 69,000,000 ordinary shares at an average price of N1.78 per share on October 7, 2020.

First Bank Plc Insider Trading

Chief Risk Officer, First Bank Limited, Olusegun Alebiosu, purchased 1,360,514 shares of the bank on September 24, 2020.

In the disclosure statement released through the Nigerian Stock Exchange, the CRO carried out the deal in two transactions.

Alebiosu bought 42,979 shares at N5.15 per unit and another 1,137,535 shares at N4.95 each to bring total purchases to 1,360,514 shares or N6.871 million. See the details below.