Stanbic Africa Holdings Limited Renews Confidence in Stanbic IBTC, Invests Additional N410.595 Million

Stanbic Africa Holdings Limited, a significant shareholder of Stanbic IBTC Holdings Plc, in a show of confidence has invested an additional N410,594,646.7 in Stanbic IBTC Holdings Plc.

The lender disclosed in a statement signed by Chidi Okezie, Company Secretary and obtained by Investors King.

Stanbic Africa Holdings Limited invested the amount in stocks of Stanbic IBTC Holdings Plc in two transactions last week.

Earlier in the week, on September 13, 2021, Stanbic Africa Holdings Limited purchased 5,000,000 units of Stanbic IBTC shares at N38.88 a unit or invested N194,400,000 in stocks of Stanbic IBTC.

On September 14, 2021, another 5,557,703 units of Stanbic IBTC shares were acquired at N38.90 a unit or invested another N216,194,646.7 in stocks of Stanbic IBTC. Therefore, a total sum of N410,594,646.7 was invested in Stanbic IBTC Holdings Plc last week.

The disclosure was in line with the Nigerian Exchange Limited’s insider dealing disclosure policy instituted to foster transparency across the exchange.

Stanbic Africa Holdings Limited is a Private limited with Share Capital company based in 20 GRESHAM STREET, LONDON LONDON, United Kingdom.