FCMB, AIICO, Others Disclose Insider Dealings

In line with our commitment to consistently update Nigerian stock investors on insider dealings, here are the latest insider dealings in the Nigerian Stock Exchange.

The FCMB Group Plc disclosed that Mr. Olusegun Adedeji Odubogun, a non – executive director, purchased 200,000  ordinary shares of the company on June 2, 2020, in Lagos, Nigeria.

A breakdown of the transaction revealed that Mr. Odubogun bought 60,000 units at N1.78 per share while the remaining 140,000 units were acquired at N1.79 per share.

Similarly, AIICO Insurance Plc reported 4,600,591 shares purchased by Babatunde Fajemirokun, the Managing Director and Chief Executive Officer (CEO), AIICO Insurance.

The MD/CEO bought the shares at N1.07k per unit on June 2, 2020 from the Nigerian Stock Exchange floor in Lagos.

AXA Mansard Insurance Plc also disclosed that Adeniyi David Babatope, a non-executive director of the company, acquired 200,000 shares of the company at N1.80 per share.

In the statement released by the company, Babatope bought 20 shares amounting to N36 on June 22, 2020 and another 199,980 shares on 23rd of June 2020.

Accordingly, Caverton disclosed that Akin Akekere-Ekun, a non-executive director, bought 10,000,000 shares of Caverton Offshore Support Group Plc at 2.46 per share on June 11, 2020.

While, Rotimi Rilwan Makanjuola, the Chief Operating Officer, Caverton Helicopters Limited, purchased 10,000,000 ordinary shares of Caverton Offshore Support Group at N2.25 per unit share on June 15th, 2020 from the Nigerian Stock Exchange in Lagos.

This means two top executives from the Caverton bought a total of 20,000,000 shares in June.