Zenith Bank acquires 5,000,000 Shares
Nigeria’s leading financial institution, Zenith Bank Plc, has disclosed an insider dealing of 5,000,000 shares acquired by its Group Managing Director and Chief Executive Officer, Ebenezer Onyeagwu.
The GMD/CEO purchased the 5 million shares in four different transactions on Friday, March 19, 2021, at N22.65 per unit to take the total purchase for that day to 5 million at an average price of N22.41 and a valuation of N112.050 million.
This was disclosed by the Company Secretary, Michael Osilama Otu, in a statement released through the Nigerian Stock Exchange, the lender said the Director bought the shares through the Nigerian Stock Exchange.
Zenith Bank was incorporated in 1990, and it offers retail and SME banking, private banking, corporate and investment banking, foreign exchange, treasury, trade services, and other financial services. In 2004, it became a public limited liability company and subsequently listed on the Nigerian Stock Exchange.
The bank currently serves more than 1.6 million customers and employs about 7,000 staff. It operates through a network of over 500 branches, as well as subsidiaries and representative offices in Ghana, Gambia, South Africa, Sierra Leone, the United Kingdom, China, and UAE (Dubai).
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