Manufacturer and marketer of home and personal care products, Unilever Nigeria Plc, recently disclosed that one of its major and substantial shareholders, Unilever Overseas Holdings B.V purchased 27,079,746 shares, worth ₦2 352,036,698.00. This is in accordance with the Nigerian Stock Exchange policy on insider dealing.
Unilever Nigeria Plc manufactures and markets consumer products primarily in the home, personal care and foods categories. The Company sells products such as Omo washing powder, Key soap, Royco bouillon, Lipton tea, Blue Band margarine, Pears baby care goods, Vaseline petroleum jelly, Lux soap, and Close Up toothpaste..
In a note by Unilever’s General Counsel and Company Secretary, Abidemi Ademola to the Nigerian Stock Exchange (NSE), Unilever Overseas Holdings B.V bought the shares at N12 per share on December 11, 2020, from the Nigerian Stock Exchange (NSE) in Lagos Nigeria.
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Recently, Unilever Nigeria Plc released its unaudited interim financial statements for the year ended 31 December 2020 with a slight growth in revenue to N61.572 billion from N60.758 billion in 2019.
The company loss for the period was cut by 62.31% to N1.592 billion from N4.224 billion loss in 2019.