Chairman of BUA Cement Plc, Alhaji Abdul Samad Rabiu CFR, has purchased an extra 45 million shares in BUA Cement shares valued at N3.8 billion.
The 45 million shares acquired by the business mogul represent 0.13% of the company's total outstanding shares.
Abdul Samad Rabiu's direct shareholding has increased from 19,044,995,225 units as of December 31, 2022, to 19,089,995,225 units, or 56.37%, as a result of the transaction.
According to the report, the transaction was completed on June 26th, 2023, and according to the notice signed by Company Secretary Hauwa Satomi on July 25th, 2023—the 45 million BUA Cement shares were purchased at N85 per share.
Read more: https://www.investingport.com/abdul-samad-rabiu-acquires-additional-45-million-shares-in-bua-cement/