AM&P Advisory buys UACN’s GMD 55.1m shares


By Kayode Tokede

AM&P Advisory Services, a firm where the Group Managing Director of UAC of Nigeria Plc (UACN) has an indirect relationship with has purchased 55,100,000 units of the company at N5.68 per unit which amounted to N312,968,000.

Godwin A Samuel, Company Secretary/Legal Adviser confirmed in a notice on Share Dealing by Insiders published by the Nigerian Stock Exchange (NSE) that the transaction took place on the 31st August, 2020 at the NSE, Lagos, Nigeria.

UACN with 1 486 employees is a diversified group organized around seven areas of activity: which include production and sale of animal feed (54.4% of net sales). The group also produces cereals and edible oils; manufacturing of food products (20.2%): soft drinks, fruit juices, bottled water, snacks, ice cream, etc.; manufacturing and sale of paints (13.4%); logistics services (7.4%); development and management of residential and commercial real estate assets (2.8%); fast food services (1.6%); other (0.2%): primarily financial services.

No movement on the stock price of UACN today on the NSE at N6.3 with 44 transactions involving 639,776 shares value at N3,919,054.35.