FCMB Founder Mops Up 5,123,275 shares

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...

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...

List of Guaranty Trust Bank 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...
- Advertisement -

The Founder of FCMB Group Plc, Nigeria’s leading financial group has disclosed that its founder, Balogun Michael Olasubomi had purchased 5,123,275 shares of the group at the Nigerian Stock Exchange (NSE) at N2.9925 per unit. The FCMB founder paid a cumulative sum of N15.35 million for a total of 5.1 million additional stocks.

The transaction on 18th, 21st, 22nd, 23rd and 24th December 2020 cost N15,331,400.4375, according to an insider dealing disclosure at the NSE.

Otunba-Subomi-Balogun Brandspurng FCMB Founder Mops Up 5,123,275 shares
Otunba Balogun Michael Olasubomi | www.brandspurng.com

Transaction breakdown

  • Tranche 1: 1,299,198 units – N3.0154, totaling N3,917,601.65
  • Tranche 2: 524,077 units – N2.9674, totalling N1,555,146.09.
  • Tranche 3: 1,100,000 units – N2.9779, totaling N3,275,690.
  • Tranche 4: 200,000 units – N2.9997, totaling N599,940.
  • Tranche 5: 2,000,000 units – N3.0019, totalling N6,003,800.

FCMB Group posted revenue of N48.3 billion for the third quarter of 2020 (Q3 2020), recording an impressive result across key financial metrics. It is also pertinent to note that this type of stock is casually referred to as “Founders stock” and differs from common stock in the sense that, they can only be issued at face value and it comes with a vesting schedule

- Advertisement -
FCMB Founder Mops Up 5,123,275 shares - Brand SpurFCMB Founder Mops Up 5,123,275 shares - 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.

FCMB Founder Mops Up 5,123,275 shares - Brand SpurFCMB Founder Mops Up 5,123,275 shares - Brand Spur

Latest News

Jacobson Pharma’s Proposed Spin-off and Separate Listing of JBM (Healthcare) Limited on The Main Board of The Stock Exchange of Hong Kong...

Declaration of Conditional Special Interim Dividend HONG KONG SAR - Media OutReach - 15 January 2021 - Jacobson Pharma Corporation Limited ("Jacobson Pharma"...

Kerry Logistics Network Opens Chemical Logistics Centre in Cangzhou China To Capture Market Potential in Chemical Logistics

HONG KONG SAR - Media OutReach - 15 January 2021 - Kerry Logistics Network Limited ('Kerry Logistics Network'; Stock Code 0636.HK) has opened a logistics centre...

Global Industry Leaders Highlighted Food Safety Issues in Times of Pandemic at the 6th Food Safety Forum

GS1 HK Launches Trusted FoodNet to Promote Information Visibility HONG KONG SAR - Media OutReach - 15 January 2021 - The 6th Food Safety Forum organised by GS1 Hong Kong...

How Might Nigeria’s Investment Cycle Pan Out in 2021?

The COVID-19 pandemic was perhaps humanity's first-ever health and economic crisis in the 21st century that brought the greatest of the nations to their...

Understanding Private Equity and Alternative Investments – FBNQuest

Although there are a variety of options for raising capital and attracting investors, equity is one of the two most sorts after options. It...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -FCMB Founder Mops Up 5,123,275 shares - Brand SpurFCMB Founder Mops Up 5,123,275 shares - Brand Spur