UBA Discloses Purchase of 1,811,961 Shares By Tony Elumelu’s Family

0
UBA Tony Elumelu Adds 4.81m UBA Shares to his holdings
Tony Elumelu, Chairman of United Bank for Africa Plc | www.brandspurng.com

United Bank for Africa (UBA) Plc on Tuesday disclosed insider dealings of 1,811,961 shares in line with the new Nigerian Exchange Limited policy.

In eight separate filings with the Nigerian Exchange Limited and signed by the company secretary, Bili A. Odum, the Board Chairman, UBA, Tony Elumelu and relatives increased stake in the foremost lender in a move that suggested confidence in the lender’s future and an opportunity to increase the Elumelu family’s stake in one of Africa’s largest banks.

UBA Tony Elumelu Adds 4.81m UBA Shares to his holdings
Tony Elumelu, Chairman of United Bank for Africa Plc | www.brandspurng.com

The transactions were in multiple tranches between Thursday, April 8, 2021, and Friday, April 16, 2021.

UBA tony elumelu
SOURCE: NGX, UBA
Date of Transaction Name Aggregated Volume Price (NGN) Total
Friday, April 16, 2021 Ugochukwu Elumelu 244,966 6.90 1,690,265.40
Tuesday, April 20, 2021 Toby Onyemaechi Elumelu 36,016 7.10 255,713.60
Thursday & Friday, April 8 & 9, 2021 Tiffany Ogochukwu Elumelu 296,043 7.00 2,072,301.00
Thursday & Friday, April 8 & 9, 2021 Tony Onyekachukwu Elumelu 36,529 7.00 255,703.00
Thursday & Friday, April 8 & 9, 2021 Tamara-Marie Ogechukwu Elumelu 296,409 7.00 2,074,863.00
Thursday & Friday, April 8 & 9, 2021 Awele Vivien Elumelu 412,642 7.00 2,888,494.00
Thursday & Friday, April 8 & 9, 2021 Nneka Elumelu 245,457 7.00 1,718,199.00
Thursday & Friday, April 8 & 9, 2021 Onyinyechukwu Elumelu 243,899 7.00 1,707,293.00
1,811,961 7.00 12,662,832.00
Read Also:  FirstBank CEO, Adesola Adeduntan named Leadership Banker of the Year

Previous acquisitions by the Tony Elumelu’s family…

Similar to the recent transaction, Tony Elumelu and his family made share purchases on September 22, 2020 (see transaction details below).

Awele Elumelu

  • 156,097 shares at N5.9999 per share

Nneka Elumelu

  • 106,464 shares N6.0 per share

Ogechukwu Elumelu

  • 361,323 shares at N6.0 per share

Onyinye Elumelu

  • 107,250 shares at N6.0 per share

Toby Onyemaechi Elumelu

  • Purchased UBA shares in two transactions, 7,460 shares and 7,452 shares at N6.0 per share.

Tony O. Elumelu, CON, the Board Chairman of UBA

  • Purchased 4,817,855 shares at N5.9999 per share.