Insider Trading: CEO, other Top Executive Purchase of 5,000,000 ZenithBank Shares

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Zenith Bank Plc on Thursday disclosed insider dealings of 5,000,000 shares in line with the new Nigerian Stock Exchange (NSE) policy.

In a note signed by the company secretary, Michael Osilama Otu, and made available through the Nigerian Stock Exchange, the lender said Ebenezer Onyeagwu (Group Managing Director/CEO), and two executive directors purchased 5,000,000 ordinary shares of Zenith Bank Plc, at an average price of N17.07 per unit.

The transactions were in multiple tranches between September 15 and 16, 2020.

Zenith Bank GMD, Onyeagwu Canvasses Expansion of Non-Oil Exports Insider dealings
Group Managing Director/Chief Executive, Zenith Bank, Mr. Ebenezer Onyeagwu | www.brandspurng.com
Break down of the aggregate information:

Ebenezer Onyeagwu – Group Managing Director/CEO

500,000 shares – N17.10 per unit
500,000 shares – N17.00 per unit
Ahmed Umar Shuaib – Executive Director

1,500,000 shares – N17.20 per unit
500,000 shares – N17.10 per unit
Dennis Olisa – Executive Director

1,695,670 shares – N17.20 per unit
304,330 shares – N17.10 per unit
Accordingly, the average total purchase stood at 5,000,000 shares valued at N85,366,666.67.

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