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