Non-executive director of Sterling Financial Holdings Company Plc Abubakar Suleiman and two other directors have bought 52,500,000 units of shares in the company worth N197 million.
Company secretary Temitayo Adegoke made this known in a statement on Monday to the Nigerian Exchange Limited.
All transactions by the three drectors were done on August 11, 2023.
The company has been witnessing a lot of activities from its directors with relations to shares.
The acquisition of 52,500,000 shares by the three directors represents 0.18% of the company’s total outstanding shares.
The Tier-2 bank revealed that Suleiman, the chief executive of Sterling Bank Ltd, acquired 23,100,000 units of shares at N3.75 per share.
READ ALSO:
Sterling Holdco MD Yemi Odubiyi buys N354m worth of shares days after Suleiman’s acquisition
Sterling Bank CEO Abubakar Suleiman buys extra N168m worth of bank shares
This acquisition increased his number of direct shares from 312,668,608 units as of August 4, 2023, to 335,768,608 units or 1.17%.
The company also revealed that executive director of Sterling Bank Ltd (a subsidiary) Raheem Owodeyi purchased 14,700,000 units of shares.
The acquisition of 14,700,000 represents 0.05% of the company’s total outstanding shares.
The shares were bought at N3.75 per share which brings the total value of shares bought to N55 million.
Executive director, Sterling Bank Ltd Tunde Adeola (a subsidiary) also purchased 14,700,000 units of shares.
