Otunba Michael Olasubomi Balogun, Founder of the FCMB Group purchase additional 4,463,711 stocks of the firm.
The management stated this in a disclosure statement sent to the Nigerian Stock Exchange.
Otunba Michael Olasubomi Balogun purchased the shares at N3.03 per share on 30th December 2020, at the Nigerian Stock Exchange in Lagos, Nigeria. The FCMB founder paid a cumulative sum of N13,525,044.33 for a total of 4,463,711 additional stocks.
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.