Tony Elumelu, Chairman of United Bank for Africa Plc, acquired an additional 6,980,426 Shares of the Bank on Tuesday, a day after he purchased 62,643,500 shares in accordance with the new Nigerian Stock Exchange policy on insider dealing.
This brings the total of shares purchased to 69,623,927 by the Chairman in the month of July alone.
In a statement released through the Nigerian Stock Exchange and signed by Company Group Secretary, Bili A. Odum, the Bank said Elumelu purchased the additional shares at N6.15 per share and another 62,643,500 shares at N6.20 per share.
Further information revealed Tony Elumelu bought 69,623,927 ordinary shares valued at N431,319,326.05 between July 20 and 21, 2020 from the Nigerian Stock Exchange in Lagos.
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