Insider Dealings: Nestlé S.A. Acquires N4.9B Worth of Nestlé Nigeria Shares In August

The Swiss multinational food and drink processing conglomerate corporation, Nestlé S.A. the largest shareholder of Nestlé Nigeria Plc has continuously increased its holding, according to the filing with the Nigerian Exchange Group (NGX), the company has acquired a total of 3,541,328 shares of Nestlé Nigeria valued at N4,924,850,144 in the month of August.

On the 2nd of August, 67,292 shares were purchased at N1,399.4421 per share.

43,104, 52,704 and 29,705 shares were purchased on the 4th, 5th and 6th of August at an aggregate price of N1,396 per share, valued at N94,171,258.

12,109 more shares were acquired on the 11th at N1,391.4723 per share and 100,666 shares on the 13th at N1,386.0895 per share, summed N156,531,700

On the 16th and 17th, 339,471 and 1,530,877 shares was bought valued at N2,605,394,674 at N1,393.00 per share.

More shares were scooped on 18th and 19th, 842,439 and 58,448 shares respectively at an aggregate price of N1,400 per share worth 1,261,241,800 in value.

On the 20th and 23rd of the same month, Nestle S.A. acquired 48,795 and 297,539 shares at N1,400 per share worth 484,867,600

The last two dealings for the month were on the 25th and 26th, additional 103,175 and 15,004 shares were bought at shares at an aggregate price of N1,399.80 per share valued at 165,426,964.

Total shares bought by Nestlé S.A. stood at 3,541,328 in 14 transactions.