Banking Sector

CitiTrust Financial Services Ltd Invested N493.801 Million in LivingTrust Mortgage Bank Plc

Published

4 years ago

February 17, 2021

CitiTrust Financial Services Ltd Invested N493.801 Million in LivingTrust Mortgage Bank Plc

The latest disclosure filed by the management of LivingTrust Mortgage Bank Plc has shown that Cititrust Financial Services Limited, a company related to a Non-Executive Director, Mr. Yemi Adefisan, purchased ordinary shares of 796,453,653 at N0.62 per share in LivingTrust Mortgage Bank Plc.

Bringing the value of the purchase to N493,801,264.86, LivingTrust disclosed this on Tuesday through the Nigerian Stock Exchange.

Formerly Omoluabi Mortgage Bank before changing to LivingTrust Mortgage Bank Plc in a move to rebrand itself.

According to the filing, the transaction took place on February 11, 2021 in Nigeria. See the details below.

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Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.