Insider Deals: United Capital Discloses 681,979 Shares Purchased by CEO and Other Executives

United Capital Plc on Thursday disclosed insider dealings of 681,979 shares in line with the new Nigerian Stock Exchange (NSE) policy.

In a note signed by the company secretary, Leo Okafor, and made available through the Nigerian Stock Exchange, the leading African investment banking group said Peter Ashade (Group Managing Director/CEO), Sunny Anene (Group Executive Director) and Bolanle Ibitola (Director of Resources) purchased a total of 681,979 ordinary shares of United Capital Plc, at an average price of N4.05 per unit.


  • Peter Ashade purchased ordinary shares of 1,780,000 units at N 4.08 per unit on November 2, 2020.
  • Sunny Anene bought 558,754 shares at N4.08 per unit on November 2, 2020, at the Nigerian Stock Exchange in Lagos, Nigeria.

The transactions were in multiple tranches between October 30 and November 3, 2020.

Breakdown of the aggregate information:

Peter Ashade/ARTOL INVESTMENT COMPANY LIMITED – Group Managing Director/CEO

  • 320,000 shares – N4.02 per unit

Sunny Anene – Executive Director

  • 356,820 shares – N4.11 per unit

Bolanle Ibitola* – Director of Resources

  • 5,159 shares – N4.01 per unit

Accordingly, the average total purchase stood at 681,979 shares valued at N2,759,741.69.

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*Bolanle Ibitola is currently the Director of Resources at United Capital Plc with oversight on all Human Resources and Corporate Services functions. She has over 12 years hands-on experience in Strategic Human Resources Management especially in managing C-Suite executives. Her core expertise includes Performance Management, Managing Diversity, Employee Relations, Learning & Development, Organizational Development.
Her past roles include Head, Human Resources at United Capital, Human Resources Manager at Afriland Properties Plc. She has also worked with Heirs Holdings, Renaissance Capital, London Borough of Brent and Kimberly Ryan in various Human Resources capacities.
She holds a first degree in English Language & Literature from the University of Lagos and also a Masters’ in Human Resources from the Middlesex University Business School, London. She is a member of the Chartered Institute of Personnel and Development (CIPD) and Society for Human Resource Management (SHRM).

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