Banking Sector
Ebenezer Onyeagwu Acquires Another 3 million Zenith Bank Shares; Total in March Now 8 million
The management of Zenith Bank Plc on Tuesday announced that the bank’s Group Managing Director and Chief Executive Officer, Ebenezer Onyeagwu added 3 million shares of the bank to his holdings.
The GMD/CEO bought the 3 million shares at N22.50 per share or N67.500 million on Monday 22, March 2021 from the Nigerian Stock Exchange in Lagos, Nigeria.
This was after he bought 5 million shares at an average price of N22.41 per share or N112.050 million on Friday 19, March 2021. Bringing the total amount invested in the bank in March by Onyeagwu to N179.550 million.
The disclosure is in line with the Nigerian Securities and Exchange Commission (SEC) requirement that all insider dealings must be disclosed in line with the commission’s latest disclosure policy.
However, it also helps stakeholders or everyday investors assess the confidence of top executives in the company they managed. See the details of the latest transaction below.
