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Home Markets Equities Stock Market

Primrose Investment purchases additional 20 million units of FCMB stock worth N66.6m

Chidi EmenikebyChidi Emenike
2 years ago
in Stock Market
First City Monument Bank Ltd issues N20 billion commercial paper
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Primrose Investment Limited, a real estate and property development company, has announced the purchase of additional 20 million units of FCMB Group Plc stock worth N66.6 million.

This is according to a recent disclosure, signed by the firm’s secretary, Olufunmilayo Adedibu, and forwarded to the Nigerian Stock Exchange.

READ: Honeywell seeks supreme court review over alleged N3.5 billion debt

According to the disclosure, the transaction took place on 31st of December, 2020, with about 20 million stock purchased at N3.33 per share.

READ: FCMB Pensions Limited enters into an agreement to acquire 96% of AIICO Pensions Limited

What you should know

  • Nairametrics reported earlier that FCMB founder, Otunba Olasubomi Balogun had splashed N15.35 million on the purchase of additional 5 million stocks of the company.
  • As at the time of writing this, Nairametrics gathered that FCMB Group Plc’s share price trades at N3.13, from a closing price of N3.33, indicating a decline of –6.01%.

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Tags: Business NewsfcmbPrimrose Investment Limited

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