Mr. Tajudeen Shobayo, a Director on the Board of Nigerian Aviation Handling Company Plc (NAHCO), has acquired 1,065,700 additional shares of the company, worth N2.45 million.
According to the notification issued today the 17th of December, 2020, by the company’s Secretary, Mr Bello Abdullahi, the Director purchased the shares at a price of N2.30 on the 8th of December, during trading hours on the floor of the Nigerian Stock Exchange.
Why this matters
- This disclosure is in compliance with the exchange policy on insider dealing to ensure transparency and reinforce the trust of the investing public.
- The purchase of the shares of NAHCO sets Mr. Shobayo in the position of Directors of the company with substantial holdings.
- In line with the information contained in the financial statements of NAHCO Plc, as of 30th September 2020, Mr. Shobayo had a direct shareholding of 72,576 ordinary shares.
- Hence, with the 1,065,700 additional units acquired, his total shareholding now stands at 1,138,276 shares, which is worth N2.5 million at the current share price of N2.20, at the close of trading activities today.