Neptune Hill Company Limited, a significant shareholder has announced the acquisition of an additional 15.6 million units of Julius Berger Nigeria Plc shares, worth N315.06 million.
This is according to a notification signed by one of the company’s Director, Goni M. Sheikh, and sent to the Nigerian Exchange Group Limited.
In accordance with the NSE policy on insider transactions, Neptune Hill Company Limited through the disclosure revealed that a total of 15,643,579 units of Julius Berger Nigeria shares were purchased at an average price of N20.14, grossing N315, 061,681.06. It is pertinent to note that the deal took place in Lagos between 5th of March -2nd of June, 2021.
Given its antecedents over the years, the recent deal might be an indication of a continuous optimism in the capacity of Julius Berger Nigeria to continue to deliver good returns to its shareholders and other stakeholders.
What you should know:
- Neptune Hill Company Limited is a significant shareholder in Julius Berger Nigeria Plc. As at 31st of December 2020, the firm held about 261,360,000 units of the total issued shares of the company, translating to about 16.5% of the total shareholding.
- Neptune Hill Company Limited is a Nigerian based construction and maintenance company. It was registered on 11th of September, 2018.
