SAHL, a major shareholder in Stanbic IBTC, consolidates with 5m new shares

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BY BAMIDELE FAMOOFO

Uba Group

A major shareholder in Stanbic IBTC Holdings Plc, Stanbic Africa Holdings Limited has acquired 5 million new shares to further strengthen its position in the entity.

The business which was transacted on the floor of the Nigerian Exchange Limited on the last trading day in November was valued at about N152.75 million at N30.55 per share.

NGX Limited which was duly notified of the transaction noted that the identification code of the transaction is ISIN: NG STANBIC 003 while the legal entity identifier was given as ‘029200388A7S7Z510H57.’

Chidi Okezie, Company Secretary of Stanbic IBTC Holdings Plc signed the notification of share dealing by insiders sent to the authority of NGX Limited.

Stanbic IBTC is a member of Standard Bank who operates in more than 20 countries in Africa and abroad. Its worldwide presence consists of an integrated suite of end-to-end wealth management services and banking solutions.