Neptune Hill Company acquires additional 15.6m units of Julius Berger

By Kayode Tokede

Neptune Hill Company Limited, a significant shareholder has announced the acquisition of an additional 15.6 million units of Julius Berger Nigeria Plc shares, worth N315.06 million.

This is according to a notification signed by one of the company’s Director, Goni M. Sheikh, and sent to the Nigerian Exchange Group Limited.

In accordance with the NSE policy on insider transactions, Neptune Hill Company Limited through the disclosure revealed that a total of 15,643,579 units of Julius Berger Nigeria shares were purchased at an average price of N20.14, grossing N315, 061,681.06. It is pertinent to note that the deal took place in Lagos between 5th of March – 2nd of June, 2021.

Given its antecedents over the years, the recent deal might be an indication of a continuous optimism in the capacity of Julius Berger Nigeria to continue to deliver good returns to its shareholders and other stakeholders.