A Senior Investment Executive, Peter Mombaur has acquired over N238 million worth of UAC of Nigeria Plc shares.
Mombaur bought 22.5 million units of UACN shares at N10.60 per share amounting to N238.5 million, according to a filing with the Nigerian Exchange on Wednesday.
Mobaur is a co-founder of Themis Capital, an investment firm focused on concentrating capital and talent on high-potential opportunities in Sub-Saharan Africa.
The transaction which took place in Lagos on 21 May 2021, mirrored a similar transaction by the Group Managing Director of UAC of Nigeria Plc, Folasope Babasola Aiyesimoju.
Folasope purchased 22.5 million units of UACN shares at N10.30 per share amounting to N231.75 million on 11 May 2021.
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UAC of Nigeria Plc is a holding company with subsidiary and associate companies operating in the Animal Feeds and Other Edibles; Paints; Packaged Food and Beverages; Quick Service Restaurants; Logistics and Real Estate segments. The company is focused on building its businesses into leaders in their chosen segments.
UAC of Nigeria Plc has 2,881,296,580 outstanding shares with a market capitalization of N29,677,354,774.
The equity price is down 0.45% to N100.00 per share on Wednesday on the floor of the Nigerian Exchange. Year-to-date the price is up 52.41%. The 52-week high and low prices are N11.15 and N5.4 per share respectively.
In 2020, UAC of Nigeria Plc recorded a 27.8% decline in profit after taxation from continuing operations despite a 3.0% rise in revenue.
Similarly, UAC of Nigeria Plc saw its profit after tax dip by 41.7% in the first quarter of 2021 despite recording a 12.7% rise in revenue within the period.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.