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