*Reports insider’s transactions of over 436 million ordinary shares in five days
By Elijah Olusegun
WorldStage– Leading Pan-African investment bank and financial services group, United Capital Plc, with market capitalisation of over N333 billion, has reported insider’s transactions of over 436 million ordinary shares in five days.
Market sources told WorldStage that insider sales of the company stocks or any other may be due to market trends or sector performance, insiders may sell shares if they believe the market or sector is overvalued, or they may also be selling if they have concerns about the company’s future performance or growth prospects.
Specifically, a total of 436, 262 units of United Capital were transacted in four buy and one sell trades between March 5 and 9.
Directors’ or employees’ personal financial needs: Insiders may sell shares for personal reasons, such as funding expenses or rebalancing their portfolios.
Takeover or merger activities: Insiders may sell shares if they anticipate a takeover or merger, potentially affecting the company’s stock price.
Changes in company performance or prospects: Insiders may sell shares if they have concerns about the company’s future performance or growth prospects.
Regulatory requirements or compliance: Insiders may sell shares to comply with regulatory requirements, such as meeting minimum shareholding thresholds.
No fewer than 334,881 units, about 77 percent of the trade, were sold at N24.65, from the opening price of over N18 generating N8.3 million income.
Nnorom Harrison, a relative of Uchechukuwu Nnorom, from the company’s business operations and performance unit, sold the shares March 6, a disclosure on the NGX stated.
The Nnoroms have stakes at United Capital Plc, including those of Emmanuel N. Nnorom, a non-executive director who retired from the company’s board last July.
Three other staff members bought a total of 101,381 units in three transactions. Folarin Ezekiel Adekunle, head, Trust Finance, dominated the trades by 99 percent with a purchase of 101,000 at N18.30 and N18.50 units in two deals.
The WorldStage earlier reported United Capital Plc recorded growth across major indices of the financial year statement despite its liability hitting about 90 percent of its N1.8 trillion assets.
The company recorded a 35 percent year-on-year increase in revenue, rising from N43.43 billion in 2024 to N58.55 billion in 2025. Profit before tax rose by 37 percent to N41.18 billion, while profit after tax grew by 17 percent to N28.15 billion.
The Board approved a final dividend of N0.70 per share, bringing the total dividend for the 2025 financial year to N1.00 per share (N18 billion), a 25 percent increase from 2024.
Similarly, United Capital Infrastructure Fund posted a 24.62 percent return, distributing over N6 billion to investors.
United Capital Plc has demonstrated strong financial performance and growth, with a diversified business model and a focus on delivering value to shareholders.
