BY FESTUS OKOROMADU
The board of Airtel Africa Plc, disclosed at the weekend, that the company’s Chief Executive Officer, Olusegun Ogunsanya, has sold a portion of his equity holding to purchase a property.
This was contained in a notice sent by the Group Company Secretary, Simon O’Hara to the Nigeria Exchange Limited.
According to O’Hara, the CEO sold 666,174.760 ordinary shares of $0.50 ordinary shares at £1.137 per share on the floor of the London Stock Exchange on August 4 2023.
The aggregated total value of the transaction was put at £757,440.70
“Airtel Africa announces the following transaction in the Company’s ordinary shares (“Ordinary Shares”) by Olusegun Ogunsanya, Chief Executive Officer and a PDMR of the Company.
“This sale of Ordinary Shares is to be used to fund a property purchase by Mr. Ogunsanya. Following this transaction Mr. Ogunsanya holds 4,325,282 Ordinary Shares in Airtel Africa,” the notice disclosing the transaction stated.
