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By Dipo Olowookere
The chief govt of Airtel Africa Plc, Mr Segun Ogunsanya, has bought a part of his shares within the firm price over N700 million to buy a property believed to be in the UK.
In a disclosure to the investing group by way of the Nigerian Alternate (NGX) Restricted on Friday, the agency mentioned Mr Ogunsanya offloaded about 666,174 models of his holdings at a unit worth of £1.137, leading to £757,440.
“Airtel Africa publicizes the next transaction within the firm’s atypical shares by Olusegun Ogunsanya, Chief Govt Officer and a PDMR of the Firm.
“This sale of atypical shares is for use to fund a property buy by Mr Ogunsanya.
“Following this transaction, Mr Ogunsanya holds 4,325,282 Abnormal Shares in Airtel Africa,” part of the assertion signed by the Group Firm Secretary, Mr Simon O’Hara, mentioned.
It was acknowledged that the transaction passed off on the London Inventory Alternate on Friday, August 4, 2023.
Earlier than turning into the CEO of Airtel Africa, Mr Ogunsanya headed the Nigerian unit of the main supplier of telecommunications and cellular cash providers.
His sterling efficiency at Airtel Nigeria impressed the board of the organisation to decide on him because the successor to Mr Raghunath Mandava, who joined the corporate in 2016 and retired in 2021.
Earlier than becoming a member of Airtel in 2012, Mr Ogunsanya held management roles at Coca-Cola in Ghana, Nigeria, and Kenya and had been the Managing Director of the Nigerian Bottling Firm Restricted and group head of retail banking operations at Ecobank.
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