Emmanuel Nnorom and Family Members Aggressively Mop Up United Capital Shares

Top executives and relatives of United Capital Plc are scooping up the company’s shares aggressively, according to the last eight filings with the Nigerian Stock Exchange (NSE).

Peter Ashade/Artol Investment Company Limited, a related company, bought 1,054,295 units at N 5.29 per share on January 19, 2021. While Shedrack Onakpoma, the Group Chief Finance Officer, added 230,000 units to his existing stake at N 5.35 per share on the same day.

On January 22, 2021, Peter Oladele Ashade/ Artol Investment Company Limited, concluded another purchase of 1,330,613 units at N5.40 per share.

Florence Ihuoma Nnorom, the spouse of the director, Emmanuel Nnorom, bought 250,000 units at N4.52 per share on December 23, 2020.

Also, Miracle Chukwuemeka Nnorom, the son of Director, Emmanuel Nnorom, acquired 32,000 units at N5.42 per share on January 25, 2021.

Emmanuel Nnorom/Vine Foods Limited 2, director and a related company, purchased 1,000,000 units at N5.39 per share on January 25, 2021.

On January 26, 2021, Emmanuel Nnorom/Vine Foods Limited 2 added 500,000 at N5.53 per share to existing stake in the company. On the same day, Adeyemi Damilare Okunubi, operations officer, mopped 70 units at N5.45 per share.