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Insider Dealing: Tony Elumelu Acquires Additional 6.98m UBA Shares

United Bank for Africa Plc chairman, Tony Elumelu has added to his shares at the bank, by purchasing an additional 6,980,426 shares in UBA on Tuesday.

Brandnewsday reports that Elumelu acquired the 6,980,426 UBA shares on Tuesday, a day after he purchased 62,643,500 shares in accordance with the new Nigerian Stock Exchange (NSE) policy on insider dealing.

UBA Chairman: Tony Elumelu

Thus sum up to a total of 69,623,927 shares purchased by the Chairman of the bank in the month of July alone.

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This exponential platform gathers that in a statement released by the Nigerian Stock Exchange and signed by Company Group Secretary, Bili A. Odum, the Bank disclosed that Elumelu purchased the additional shares at N6.15 per share and another 62,643,500 shares at N6.20 per share.

READ: UBA Bumper Account: UBA Gifts 100 Customers N100,000 Each

Further information revealed Tony Elumelu bought 69,623,927 ordinary shares valued at N431,319,326.05 between July 20 and 21, 2020 from the NSE in Lagos.

Below is detailed information on the purchased shares:

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Read: Banks USSD Codes: Full List Of Transfer Code For Banks In Nigeria

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Adebayo

Adebayo is a Content Developer and website manager who loves to learn, unlearn and relearn. He has a knack for exploring the tech world. He is always thirsty to learn as the tech ecosystem evolves every day.

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Tags: ndudi elumeluNigerian Stock ExchangeNigerian Stock Exchange (NSENSETony Elumelutony elumelu childrentony elumelu foundationtony elumelu housetony elumelu net worthtony elumelu net worth 2019tony elumelu statetony elumelu twinsubauba bank onlineuba bank USAuba customer careuba groupuba Lagosuba loginuba mobile bankinguba sloganUnited Bank for Africa
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