Karl Toriola, a Non-Executive Director at MTN Nigeria has doled out a total sum of ₦41.388,906.70 to purchase additional 253,982 stocks of the telecoms service provider.
This is according to a recent statement, signed by the firm’s Secretary, Uto Ukpanah.
The transactions occurred in five tranches, with an average price of N162.96 and an aggregate volume of 253,982 units on 31st of December 2020.
Breakdown of the transaction
- 130,510 – ₦160.50
- 185 – ₦161.80
- 100,159 – ₦163.00
- 2,722 – ₦164.50
- 20,406 – ₦165.00
Recently, Karl Toriola increased his stake in MTN Nigeria with the purchase 920,000 ordinary shares, as disclosed on the Nigeria Stock Exchange platform.
A break down of the aggregate information showed Toriola acquired 920,000 ordinary shares at N118 per share on June 25, 2020, in Lagos, Nigeria.
Accordingly, the total purchase stood at 920,000 shares valued at N108,560,000.