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  • Companies
  • Updated: September 01, 2023

Former Stanbic IBTC CEO Sells Shares

Former Stanbic IBTC CEO Sells Shares

Sola David-Borha, the former Chief Executive of Stanbic IBTC Holdings, has sold 615,812 units of the lender’s shares.

According to a notice on the director’s dealings, it was disclosed that David-Borha carried out the transaction on Thursday on the platform of the Nigerian Exchange Limited.

The shares sold at an average rate of N63.21 per unit, bringing the transaction to N38.925 million.

David-Borha is a non-executive director, Stanbic IBTC Holdings Plc.

The half-year report of the financial institution showed that David-Borha’s shareholding was 615,812 (held directly), same figure as the number of shares she sold.

Her shareholding used to represent 0.01 per cent of the entire shareholding of Stanbic IBTC Holdings.

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