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

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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 TransactionNameAggregated VolumePrice (NGN)Total
Friday, April 16, 2021Ugochukwu Elumelu244,9666.901,690,265.40
Tuesday, April 20, 2021Toby Onyemaechi Elumelu36,0167.10255,713.60
Thursday & Friday, April 8 & 9, 2021Tiffany Ogochukwu Elumelu296,0437.002,072,301.00
Thursday & Friday, April 8 & 9, 2021Tony Onyekachukwu Elumelu36,5297.00255,703.00
Thursday & Friday, April 8 & 9, 2021Tamara-Marie Ogechukwu Elumelu296,4097.002,074,863.00
Thursday & Friday, April 8 & 9, 2021Awele Vivien Elumelu412,6427.002,888,494.00
Thursday & Friday, April 8 & 9, 2021Nneka Elumelu245,4577.001,718,199.00
Thursday & Friday, April 8 & 9, 2021Onyinyechukwu Elumelu243,8997.001,707,293.00
1,811,9617.0012,662,832.00

Previous acquisitions by the Tony Elumelu’s family…

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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.
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