Insider Dealing: Florence Nnorom Buys 70,000 Shares in United Capital

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The United Capital Plc, a leading African financial and investment banking Group, on Monday, disclosed insider dealing of 70,000 shares at N3.10 per share acquired by Florence Nnorom, relative to a Non-Executive Director (Emmanuel Nnorom), on September 11, 2020.

The transaction took place at the Nigerian Stock Exchange in Lagos, Nigeria as confirmed in a statement signed by Leo Okafor, Company Secretary and released through the Nigerian Stock Exchange (NSE).

Details of the transaction

Insider Dealing: Florence Nnorom Buys 70,000 Shares in United Capital
Source: Insider Dealing Disclosures on NSE

A peek into United Capital’s Financials

United Capital announced a profit after tax of ₦1.9 billion in the first half of 2020 – a 16% increase compared with the same period last year. This was primarily driven by a 77% increase in the investment bank’s revenue from fees and commissions which amounted to ₦1.4 billion.

Total Revenue in HY 2020 soared to N4.45bn from N3.24bn in HY 2019, an increase of 14.10% was recorded in PBT while PAT grew by 15.98% YOY.

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Insider Dealing: Florence Nnorom Buys 70,000 Shares in United Capital - Brand SpurInsider Dealing: Florence Nnorom Buys 70,000 Shares in United Capital - Brand Spur

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