UBA PLC DMD PURCHASES ADDITIONAL 3.22 MILLION SHARE

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UBA PLC DMD PURCHASES ADDITIONAL 3.22 MILLION SHARE

Deputy Managing Director, United Bank for Africa (UBA) Plc, Mr. Ayoku Liadi

The deputy managing director, United Bank for Africa (UBA) Plc, Mr. Ayoku Liadi had spent a total of N27,369,766.05 on the purchase of additional 3.22 million shares of the bank.

Mr. Ayoku Liadi, has purchased additional 3.22 million shares of the firm worth N27.37 million.

This is according to the firm’s recent notification, signed by its Secretary, Bili A. Odum.

This medium gathered that the transactions occurred in five tranches, with an average of N8.50 and an aggregate volume of 3,220,000 units.

Transaction Breakdown

In the first tranche, a total of 817,231 units of shares were purchased at N8.60, implying that the sum of N7,028,186.6 was spent at this stage.

In the second tranche, a total of 1,294,498 units of shares were purchased at N8.50, totalling N11,003,233

The third tranche recorded the purchase of 185,052 units of shares at N8.55, totalling N1,582,194.6

In the fourth tranche, a total of 900,974 units of shares were purchased at N8.40, grossing N7,568,181.6

The last tranche recorded the purchase of 22,245 units of shares at N8.45, totalling N187,970.3

A total of N27,370,000 was spent to purchase an aggregate volume of 3.22 million shares of the firm at an average price N8.50

The notice at the Nigerian Stock Exchange confirmed that the transaction took place on Wednesday, January 6, 2021.

What You Should Know

On the 15th of July, 2020, Mr. Ayoku Liadi, deputy managing director, UBA Plc had earlier spent N18.15 million acquiring an additional 3 million shares of the firm at N6.05 per share.

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