Zenith Bank MD acquires N14.5m worth of additional shares

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The Managing Director of Zenith Bank Plc, Mr Ebenezer Onyeagwu, has acquired additional shares of the company worth about N14.5 million.

The financial institution made this disclosure in a notice filed to the Nigerian Exchange (NGX) Limited on Friday as required by the listing rules.

The notice revealed that Mr Onyeagwu made the purchase in two tranches with the first involving 652,842 units at N22.10 each and the second, 10,002 units at N21.70 each, amounting to 662,844 units at an average price of N21.90 per share.

On June 1, 2019, Mr Onyeagwu became the MD/CEO of Zenith Bank after taking over from Mr Peter Amangbo, whose tenure expired on May 31, 2019.

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