WorldStage– Financial services firm Creditville Nigeria Limited—a related party to Non-Executive Director Mr. Michael Uwakwe—has executed significant share trading transactions in Chams Holding Company Plc, involving both a large divestment and a subsequent partial reinvestment on the floor of the Nigerian Exchange Limited (NGX).
According to insider dealing notifications signed by Company Secretary Oluwaseun Osuji and issued on September 24, 2026, the transactions were conducted in Lagos between September 22 and September 23, 2026.
Breakdown of the Insider Dealings:
Major Share Sale: Creditville Nigeria Limited divested 70,000,000 ordinary shares at an aggregated volume-weighted average price of ₦3.29 per share, generating a total transaction value of ₦230.30 million.
Tranche 1: 20,000,000 units at ₦3.28 per share.
Tranche 2: 50,000,000 units at ₦3.30 per share.
Subsequent Share Purchase: During the same trading window, Creditville bought back 4,300,000 ordinary shares at an aggregated volume-weighted average price of ₦3.43 per share, amounting to an investment of ₦14.75 million.
Tranche 1: 1,500,000 units at ₦3.40 per share.
Tranche 2: 2,800,000 units at ₦3.45 per share.
Net Transaction Impact:
On a net basis, Creditville Nigeria Limited reduced its exposure in the tech infrastructure provider by 65,700,000 ordinary shares, realizing a net cash outflow of approximately ₦215.55 million from the exchange while maintaining active equity engagement with the company.
