The Chief Executive Officer of Access Bank Plc, Herbert Wigwe has purchased 3.87million units of the bank’s ordinary shares valued at N26.4 million.
The purchase was seen in a disclosure to the Nigerian Stock Exchange (NSE), which is part of the regulator’s conditions for insider trading in shares of quoted companies.
The details of the disclosure show that Mr. Wigwe purchased 3,094,853 units of Access bank shares at N6.81k on the 15 June 2020 and another 50,000 units at N6.71k on the 16 June 2020. The total units of shares purchase are 3.144,853 units of ordinary shares amounting to N21.415,438.93.
Additionally, Wigwe purchased 650,000 units at N6.79 per share on the 19 June 2020 and another 82,000 units at N6.75 per share on the 20 June 2020. Making the total units of additional Acces Bank share purchased at 732,000 valued at N4,995,640 in the second disclosure.
The notifications, signed by Sunday Ekwochi, Access Bank Company Secretary show that the shares were purchase as indirect holdings through Tengen Holdings (Mauritius) Limited.