WorldStage– Chams Holding Company Plc has recorded significant insider share dealings on the Nigerian Exchange (NGX), with key insiders disposing of a combined 105,170,978 ordinary shares valued at approximately N328.17 million.
Regulatory filings reveal that the transactions involve the company’s founder, Sir Demola Aladekomo, and Creditville Nigeria Limited, a related party to Non-Executive Director Mr. Michael Uwakwe.
Key Transaction Breakdown
1. Sir Demola Aladekomo (Founder); Transaction Type: Sale of Ordinary Shares; Volume: 53,970,978 units; Execution Price: N3.08 per share; Total Consideration: N166,230,612.24
2. Creditville Nigeria Limited (Related Party to Mr. Michael Uwakwe); Transaction Type: Sale of Ordinary Shares; Tranche 1: 47,500,000 units at N3.16 per share (Total: N150,100,000.00); Tranche 2: 3,700,000 units at N3.20 per share (Total: N11,840,000.00); Combined Volume: 51,200,000 units; Combined Consideration: N161,940,000.00
Summary of Market Impact
In total, the insider offloads account for 105,170,978 shares executed at a blended average price of roughly N3.12 per share, injecting substantial block trading activity into Chams Holding Company Plc’s stock performance on the exchange.
Detailed disclosures have been officially lodged with the Nigerian Exchange Group (NGX) in compliance with post-listing regulatory requirements governing insider trading transparency.
