Vine Foods Limited, a company to linked to a Non-Executive Director in United Capital Plc, Mr Emmanuel Nnorom, has purchased an additional 1 million units of the latter’s shares, worth N7.23 million.
This is according to a notification signed by the firm’s secretary, Leo Okafor and sent to the Nigerian Exchange Limited (NGX), as seen by Nairametrics.
The notice revealed that the transaction took place on the 2nd of September, 2021, as the firm purchased an additional 1 million units of United Capital shares at a unit price of N7.23 per share, totalling N7, 230,000.
This disclosure is a regulatory requirement that must be reported to the Nigerian Exchange Limited (NGX), especially when a major shareholder or director of a publicly quoted company purchases or sells shares in the company they own.
United Capital Plc closed trading for the week ended 3rd of September, 2021 at N7.34 per share on the floor of the Nigerian Exchange Limited (NGX).