Fidelity Bank CEO designate purchases 5m shares a day to trading window closure

WorldStage Newsonline–  With a day left for the closure of the trading window for dealings on the Fidelity Bank’s shares to all insiders, Mrs Nneka Onyeali-Ikpe, Managing Director/CEO designate has boosted her holdings in the bank with a purchase of 5 million shares at N2.56 per share which amounted to N12.8 million.

The purchase was done on November 30, 2020, according to a filing done by the bank at the Nigerian Stock Exchange on Monday.

WorldStage earlier reported  that a senior official, Mr Kenneth Opara who is the General Manager/Regional Bank Head consolidated his holdings with a purchase of 1 million shares at N2.78 per share November 25.

The bank, one of the major players in Nigeria’s banking sector announced on Friday the commencement of the audit of its 2020 annual financial statements with trading window for dealings on its shares closed to all insiders from December 1, 2020 until 24 hours after release of the annual report.

The bank expects to publish it annual result on or before March 31, 2021.

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