Insider Dealing: United Capital Executive Director Acquires 2 Million Shares Worth ₦12.4M

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Insider Dealing: United Capital's Group Executive Director Acquires 558,754 Units of Shares
Sunny Anene | www.brandspurng.com
Sunny Anene, the Group Executive Director, United Capital Plc, purchased 2,000,000 ordinary shares of the company.

Insider dealings give clues on insiders’ sentiment and director unlike before the new transparent policy where shareholders do not know what executives that formulates policy that impacts their desire stocks are doing.

In a statement released and signed by the same Leo Okafor, company secretary, Sunny Anene bought 2,000,000 shares at N6.20 per unit on February 24, 2021, at the Nigerian Stock Exchange in Lagos, Nigeria.

United Capital reported impressive growth across key indicators during the year under review despite the challenging global climate. Total Revenue in FY 2020 grew 50% to N12.87bn from N8.59bn in FY 2019, Profits before tax recorded a significant growth of 61%, while PAT was up 57% year-on-year.

Transaction details

Insider Dealing brandspurng United Capital Executive Director Acquires 2 Million Shares Worth ₦12.4M
SOURCE: NSE

Brief Profile

Prior to his appointment as the Group Executive Director, he was the Managing Director/CEO of United Capital Asset Management Limited, a wholly-owned subsidiary of United Capital Plc. He had served as the Group Chief Finance Officer with additional responsibilities in Risk Management, Information Technology, Treasury Management, Operations, Corporate Services and 2 other functional areas within the Group.

Insider Dealing: United Capital's Group Executive Director Acquires 558,754 Units of Shares
Sunny Anene | www.brandspurng.com

His experience spans over twenty-six (26) years and cuts across banking, capital markets, pensions and Asset Management. His proven ingenuity in these areas is brought to bear on the Group’s Asset Management Business.

Prior to joining United Capital Plc, he was Head of Operations at FCMB Capital Markets Group, and at a time Lead Equity Trader for CSL Stockbrokers Ltd, the Securities Trading arm of First City Group. He moved to pension management in Zenith Pensions Custodian Limited, a subsidiary of Zenith Bank Plc where he worked as Assistant General Manager in charge of Compliance and Risk Management.

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He later returned to the Capital Market in 2008 when he joined Chapel Hill Denham where he spent six (6) years in two different roles, first as the Director of Finance and Operations, and then the MD/CEO for the stockbroking business.

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He has a master’s degree in Finance from the University of Lagos. He is a triple fellow of the Chartered Institute of Stockbrokers (CIS), the Institute of Chartered Accountants of Nigeria (ICAN), and the Chartered Institute of Taxation of Nigeria (CITN). He is also an Associate of the Certified Pension Institute of Nigeria and a member of the Institute of Directors (MIOD).