AM&P Advisory Services acquires 55.1m units of UACN shares worth N312.9mn

AM&P Advisory Services which has indirect relationship with the Group Managing Director of UAC of Nigeria Plc (UACN) has bought 55.1million units of the company’s shares.

The whole transactions were done on the Nigerian Stock Exchange (NSE) on August 31, 2020 at an average price of N5.68 per share were cumulatively valued at N312.9million.

Details of the share purchases show 54,030,858 units were purchased at N5.75 per share on August 31, 2020; 200,542 units were bought same say at N5.70 per share. Also, on August 31, 2020 AM&P Advisory Services bought 868,600 units of UACN at N5.60 per share.

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By Iheanyi Nwachukwu • September 8, 2020

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.