The Executive Director of Zenith Bank Plc, Mrs. Adobi Stella Nwapa, has acquired an additional 4.04 million shares worth N97.145 million in the company. The acquisition represents 0.01% of the company’s total outstanding shares of the company.
Nwapa has now increased her number of shares from 11,008,206 units of shares as of December 31, 2022, to N15,046,095 units.
In a notice signed by the company Secretary/ General Counsel, Michael Osilama Otu; Nwapa, on May 10th, 2023, purchased 3,962,111 units of Zenith Bank shares at an average price of N24.05 per share, valued at N95.288 million.
Additionally, on a separate deal on May 16, 2023, the Executive Director also bought 37,889 units of shares at N24.50 per share, valued at N928,280.50. This brings the total value of shares purchased to N97.145 million.
Zenith Bank closed its last trading day (Wednesday, May 17, 2023) at N25.15 per share on the Nigerian Stock Exchange (NGX), recording a 2.7% gain over its previous closing price of N24.50.