FRESH: MTN CEO Designate, Karl Toriola Acquires Shares Worth Over N41 million

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FRESH: MTN CEO Designate, Karl Toriola Acquires Shares Worth Over N41 million

FRESH: MTN CEO Designate, Karl Toriola Acquires Shares Worth Over N41 million–Karl Toriola, The CEO designate of Nigeria’s telecommunication behemoth has acquired 253,982 ordinary shares of MTN Nigeria Plc, worth over N41 million.

The Genius Media Nigeria reports that this information was made available today, 4 January 2021 in a Notification of Share Dealing by Insiders, issued and signed by the Company Secretary, Mrs Uto Ukpanah.

According to the information disclosed by Mrs. Ukpanah, the CEO designate of MTN Nigeria PLC acquired 253,982 ordinary shares of the largest telecommunication company in Africa on 31 December 2020.

The purchase of the shares was made over a spread of three deals/transactions on the floor of the Nigerian Stock Exchange, at an average price pegged at N162.96, over the course of the transactions.

FRESH: MTN CEO Designate, Karl Toriola Acquires Shares Worth Over N41 million

At this price, the total consideration for the 253,982 shares purchased by Mr. Toriola is put at N41,388,906.72

 

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