The Managing Director/CEO of ABC Transport Plc, Mr. Frank Uzor Nneji has acquired additional 2,375,902 units of ABC Transport Plc shares.
In line with The Exchange’s policy on insider dealing, the formal disclosure was made by the Firm’s Secretary, Onyekachukwu Chigbo.
According to the notice, Mr. Nneji acquired the additional 2.38 million units of the firm’s shares at an average share price of ₦0.37 per share. This put the total consideration for the shares purchased by the Managing Director at ₦879,046.74. In addition, it is pertinent to note that the deal took place in thirty-four (34) tranches between 3rd of June-2nd of July, 2021.
It is imperative to note that the disclosure is in line with the rule 17.15(C) of The Exchange, which demands that all dealings by insiders of listed companies be reported by the management. This is aimed towards ensuring transparency in the system and maintaining stakeholders’ confidence in the financial system.
ABC Transport closed trading today 7th of July, 2021 at ₦0.34 per share.