Karl Toriola, MTN Nigeria CEO, Dumps N108.224 Million on MTN Nigeria Shares

The management of MTN Nigeria Communications Plc has disclosed that the company’s Chief Executive Officer, Karl Toriola, purchased additional 679,370 ordinary shares of MTN Nigeria in twelve different transactions on the same day.

MTN Nigeria disclosed in a statement signed by Uto Ukpanan, Company Secretary.

Toriola purchased the shares in the following order:

1,000 Ordinary Shares at N158.80 per share
55,000 Ordinary Shares at N158.80 per share
44,000 Ordinary Shares at N158.80 per share
11,000 Ordinary Shares at N158.80 per share
47,504 Ordinary Shores at N158.80 per share
15 Ordinary Shares at N158.80 per share
400 Ordinary Shares at N158.80 per share
100,000 Ordinary Shores at N160.00 per share
41,081 Ordinary Shares at N160 00 per share
79,370 Ordinary Shares atN160 per share
100,000 Ordinary Shares at N160 00 per share
200,000 Ordinary Shares at N160.00 per share

According to MTN Nigeria, the transaction took place on March 24, 2021 at the Nigerian Stock Exchange in Lagos.

Therefore, the CEO purchased a total of 679,370 shares at an average price of N159.30 per share or N108.224 million.