Insider Dealings: Vitafoam’s Non-Executive Director Buys 47,493 shares

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A Non-Executive Director of  Vitafoam Nigeria Plc, a Household Durables Company in Consumer Goods sector based in Ikeja, Lagos, Dr B.O Makanjuola purchased 47493 units of the company at the Nigerian Stock Exchange on August 12, 13, and 17, 2020.

A notice signed Mr Olalekan Sanni, Company Secretary/Legal Adviser on August 18, 2020, confirmed that the stocks were purchased at N5.38 per share which translated to N255,512.34.

Insider Dealings: Vitafoam’s Non-Executive Director Buys 47,493 shares

Purchase Breakdown (Prices and volumes)

  • 1,000 and 34,169 shares- N5.30 per unit
  • 2,000 units and 761 shares – N5.39 per unit
  • 9,250 shares and 313 shares – N5.45 per unit

In all, Dr Makanjuola purchased total shares of 47,493 at an aggregate price of N5.38k.

Insider Dealings: Vitafoam’s Non-Executive Director Buys 47,493 shares

Recent Financials

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Vitafoam Nigeria Plc, Household Durables Company in Consumer Goods sector announced 7.6% Revenue decline in Q2 2020 Result. The company’s revenue declined by -7.6% to N12bn from N13bn in the previous quarter.

Profit before tax grew by 112.7% to N2.4bn while the Profit after tax grew by 128.9% to N1.7bn. Net Assets grew by 18.9% to N7bn from N6bn.

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