Insider Dealing: Dr. Demola Sogunle Acquires More Stakes in Stanbic IBTC

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Dr. Demola Sogunle, Chief Executive Officer, Stanbic IBTC has acquired another ordinary share in the bank to increase its stakes in the company.

The statement signed by Chidi Okezie, Company Secretary, Stanbic IBTC, showed that Dr. Demola Sogunle first bought 970,000 shares at N46.00 on November 6, 2020. This put the consideration for the additional shares bought by Dr. Sogunle at ₦44.62 million.

Insider Dealing: Dr. Demola Sogunle Acquires More Stakes in Stanbic IBTC
Dr. Demola Sogunle

In a similar disclosure, Stanbic Bank’s Head of Clients Coverage, Mr. Olu Delano, acquired 1,000,000 additional units of shares of the bank in a single transaction worth ₦46 million yesterday, the 5th of November.

The total consideration for the additional shares purchased by Dr. Demola Sogunle and Mr. Olu Delano is put at ₦90.6 million.

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