Insider Dealing: Eterna’s CEO designate increases stake in Eternal Plc

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Nnamdi Obiagwu, Executive Director/Chief Operating Officer – (CEO Designate effective 1st September 2020) of Eterna Plc, has acquired 200,000 shares (N1.90 per share) of the company in accordance with the Nigerian Stock Exchange policy on insider dealing.

This was issued in a statement signed by the Company Secretary, Bunmi Agagu released through the Nigerian Stock Exchange. According to the lender, the transaction took place on the Nigerian Stock Exchange floor, 19th August 2020.

Insider Dealing: Eterna’s CEO designate increases stake in Eternal Plc
Nnamdi Obiagwu

Q2 2020 Results

Recently, Eterna Plc released its Q2 2020 Unaudited results for the period ended June 30th, 2020. A glance at the company’s financials revealed that its revenue declined by -81.7% to N28.5bn from N155.8bn in the previous quarter.

Eterna declared N67m Loss in Q2 2020 while its profit before tax declined by 56.5% to N72m. Also, net Assets declined by -0.5% from N12.4bn to N12.3bn.

Transaction Details

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Insider Dealing: Eterna’s CEO designate increases stake in Eternal Plc

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