Cutix Plc has confirmed a substantial shareholder dealing on 650,000 shares which worth ₦1,124,500 at an aggregate average price of ₦1.73 per share.
In a note by Company Secretary, Nwokporo Chiwendu, to the Nigerian Stock Exchange (NSE), Mr. Samuel Nsoedo was named as the insider in a transaction which took place between 4th – 10th, 2020.
Mr. Samuel Nsoedo sold his shares as shown below:
Cutix Plc is a Nnewi-based cable manufacturing company which was established in 1982.
The company manufactures and distributes various kinds of cables such as electrical wires, telecommunication wires, to automobile wires. Some typical examples of the company’s wide range of products are insulated copper conductors, PVC insulated, and sheathed flat twin/three-core copper cables. Others are low tension bare aluminium conductors and reinforced aluminium conductor steel wires.
Cutix Plc also manufactures bare stranded copper conductors as well as bare copper conductors which are used for earthing electrical installations and the production of copper cables.