Tony O. Elumelu Acquired 62.6m Shares from His Bank.
United Bank for Africa Plc (UBA) on Monday disclosed insider dealing in accordance with the new Nigerian Stock Exchange (NSE) policy.
In a statement released on the Nigerian Stock Exchange website and signed by Company Secretary, Bili A. Odum, the lender said Tony O. Elumelu, the chairman of Heirs Holdings, the United Bank for Africa, Transcorp and founder of The Tony Elumelu Foundation, purchased 62,643,500 shares at N6.20 per share and another.
Aggregate information revealed the CEO bought 62,643,500 ordinary shares valued at N 388,389,700.00 on Monday, July 20, 2020, from the Nigerian Stock Exchange in Lagos.
