WorldStage Newsonline—A Non Executive Director of Vitafoam Nigeria Plc, a foam manufacturing company based in Ikeja, Lagos, Dr B.O Makanjuola has been reported to have purchased 47493 units of the company at the Nigerian Stock Exchange on August 12, 13, and 17 2020.
A notice signed Mr Olalekan Sanni, Company Secretary/Legal Adviser on August 18, 2020 confirmed that the stocks were purchased at N5.38 per share which translated to N255,512.34.
Vitafoam is one of Nigeria’s largest foam manufacturers, producing both flexible and rigid polyurethane products. The company also owns interest in Vitafoam Ghana and Vitafoam Sierra Leone.
There was no movement on the stock price of Vitafoam at the NSE today at N5.54 despite 64 transactions involving 2,086,798 shares valued at N10,506,291.55.
