Insider Dealings: Joseph Igbinigesu Purchases 188,700 Shares in Vitafoam

Must Read

How To Block Your Bank Account And SIM Card In Case Of Emergency

Losing your phone and wallet or having them stolen can be very frustrating. However, in case that happens to...

Free 250,000 FG/CAC Business Names Registration for MSMES

Business formalisation Support of the Micro, Small & Medium Enterprises (MSMEs) Survival Fund As part of Federal Government’s post-Covid-19 Pandemic...

List of United Bank for Africa (UBA) Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is held. The sort...
- Advertisement -

Alegbesogie Joseph Igbinigesu, a non-executive director, of Vitafoam Nigeria Plc, acquired 188,700 ordinary shares in the company in accordance with the Nigerian Stock Exchange policy on insider dealings.

In a note signed by the Company Secretary/Legal Adviser, Olalekan Sanni, Mr. Igbinigesu purchased the shares in eight different transactions on August 18, 2020, at various prices and volumes from the Nigerian Stock Exchange in Lagos.

Vitafoam is one of Nigeria’s largest foam manufacturers, producing both flexible and rigid polyurethane products.

Break down of the transactions

  • 1,700 shares – N5.20k each.
  • 47,300, 46,700, 3,300, 50,000, and 29,000 – N5.20k each
  • 3,865 and 5,835 – N5.25k each

Total shares purchased by Mr. Igbinigesu on August 18, 2020, sums up to 188,700 shares at an average price of N5.21k.

Recall also that, Dr. B.O. Makanjuola, a non-executive director of the company, bought 47,493 shares in the company in five transactions similar to the nature of shares purchased by Mr. Joseph Igbinigesu.

- Advertisement -

Stock price of Vitafoam remains static yesterday 5.45 with 46 transactions involving 1,022,403 shares valued at N5,308,396.58.

Insider Dealings: Joseph Igbinigesu Purchases 188,700 Shares in Vitafoam
Insider Dealings

- Advertisement -
Insider Dealings: Joseph Igbinigesu Purchases 188,700 Shares in Vitafoam - Brand SpurInsider Dealings: Joseph Igbinigesu Purchases 188,700 Shares in Vitafoam - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Read Also:  WORLD NO TOBACCO DAY: POLL REVEALS AN URGENT NEED TO EFFECTIVELY ENFORCE THE TOBACCO CONTROL ACT IN NIGERIA
Insider Dealings: Joseph Igbinigesu Purchases 188,700 Shares in Vitafoam - Brand SpurInsider Dealings: Joseph Igbinigesu Purchases 188,700 Shares in Vitafoam - Brand Spur

Latest News

Insider Dealing: First Bank’s Chief Risk Officer Acquires 1.36 Million Shares

The management of First Bank of Nigeria Plc on Wednesday disclosed that Olusegun Alebiosu, the Chief Risk Officer (Group...

DAZN Debuts Global Platform With Ryan Garcia vs Luke Campbell On Dec 5 and Anthony Joshua vs Kubrat Pulev on Dec 12

DAZN, the leading global sports streaming service, will expand to more than 200 countries and territories beginning December 1. The platform will debut with...

Geely Auto to invest $54m in healthy cars

Geely Automotive has earmarked $54m of funding towards the development of ‘healthy, intelligent vehicles’, as a furthering of the fight against COVID-19. The exclusive partner...

Stanbic IBTC’s Gross Earnings Improves Despite Weak Macroeconomic Environment

Stanbic IBTC Holdings PLC (STANBIC) released the Q3- 2020 financial result showing a 4.1%YoY increase in gross earnings to N183.29 from the N176.16 recorded in 2019....

Five Top-grossing Google Play Games Hit $316 Million in Revenue in September

The mobile gaming industry continued its remarkable growth in 2020, bringing new records in both the number of downloads and the revenue of the...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Insider Dealings: Joseph Igbinigesu Purchases 188,700 Shares in Vitafoam - Brand SpurInsider Dealings: Joseph Igbinigesu Purchases 188,700 Shares in Vitafoam - Brand Spur