STANBIC IBTC has notified the Nigerian Stock Exchange that its Chief Executive, Dr. Demola Sogunle, has acquired 970,000 additional units of Stanbic IBTC Holdings Plc shares.
In line with the Nigerian Stock Exchange policy on insider dealing, the formal disclosure was made by the Company Secretary of the bank, Mr. Chidi Okezie.
According to the disclosure, Demola Sogunle purchased 970,000 additional units of the company’s shares at N46 per units today, the 6th of November, 2020.
This put the consideration for the additional shares bought by Dr. Sogunle at N44.62 million.
In a similar disclosure by the Company Secretary, Stanbic Bank’s Head of Clients Coverage, Mr. Olu Delano, acquired 1,000,000 additional units of shares of the bank in a single transaction worth N46 million yesterday, the 5th of November.
The total consideration for the additional shares purchased by Dr. Demola Sogunle and Mr. Olu Delano is put at N90.6 million.
Stanbic IBTC’s shares currently trade at N46 per share, which is 95.74 per cent higher than its 52-week low of N23.50.
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
FLICKERS: Nigerian Army: Timelines Of Lies And A Million Skulls In Ogun’s Shrine
THE Yoruba anticipate the fate of Mrs. Aishat Mohammed. Aftermath the murders, horrendous plunder and arson on the city of Lagos about two weeks ago, Mohammed was one of the captives of the law. Or lawlessness. Gagged like sardines in a can among about 500 persons paraded and labeled culprits of the spillover from that notorious Black Tuesday, Mrs. Mohammed’s tale was gripping, grisly but a Nigerian everyday encounter. From her narrative…
#EndSARS: After The ‘Powerless Masses’ Spoke
What has the country’s political leadership learnt from the EndSARS protests that rocked the nation and drew global attention to Nigerians’ sufferings and mis-governance of their country? KUNLE ODEREMI reports on the take-away from the EndSARS protest and the attendant fallouts, amid public suspense on government’s…
#EndSARS: How Nigeria Lost Trillions Despite Warning
IT has emerged that the #EndSARS protest which snowballed into a major cycle of crises could have been avoided, had Nigerian authorities heeded the prediction of international researchers carried out months back. Both the federal and state governments are still counting the enormous losses in destruction to public and private investments during the protests, which have been projected to be in trillions of…
Restructure Nigeria Now Or Risk Break-Up — Southern Leaders Tell Buhari Again
AS agitations for the restructuring of the country continue to take the front burner, some southern leaders on Saturday called on President Muhammadu Buhari to consider the 2014 National Conference report to save the country from an impending break-up, saying the country is currently bleeding on all…
You may be interested
Transparent Poll: Prof. Yakubu Urges Senate to Speed up Action on Electoral Act Amendment Billadmin - November 26, 2020
*Chiarman, Independent National Electoral Commission (INEC), Nigeria, Prof. Mahmood Yakubu. By Kingsley Okoye and Naomi Sharang Nominee for the position…
Why I dropped out of school – Fast-rising singer, Miraboiadmin - November 26, 2020
Nigerian afrobeats singer, Miracle Kelechi Chike, popularly known as Miraboi, has given reasons he dropped out of school. According to…