Introduction
Aradel Holdings PLC has issued an official notification regarding recent share dealings by insiders, in accordance with regulatory disclosure requirements. These transactions, conducted by individuals closely associated with the company, highlight the ongoing engagement of stakeholders with the organization’s equity.
Details of Insider Transactions
- Transaction by Adeniun Folasade Taiwo
- Position/Status: Close family relative to an employee of Aradel Holdings PLC.
- Financial Instrument: Ordinary Shares of Aradel Holdings PLC (ISIN: NGARADEL004).
- Nature of Transaction: Purchase of 3,685 units of shares at a price of ₦465 per share.
- Aggregate Information:
- Volume: 3,685 units.
- Price: ₦465.
- Date of Transaction: December 9, 2024.
- Place of Transaction: Lagos, Nigeria Exchange Limited.
- Transaction by Olarewaju Daramola
- Position/Status: Employee of Aradel Holdings PLC.
- Financial Instrument: Ordinary Shares of Aradel Holdings PLC (ISIN: NGARADEL004).
- Nature of Transaction: Purchase of 16,500 units of shares at a price of ₦475 per share.
- Aggregate Information:
- Volume: 16,500 units.
- Price: ₦475.
- Date of Transaction: December 4, 2024.
- Place of Transaction: Lagos, Nigeria Exchange Limited.
Significance of Transactions
These transactions reflect the confidence of Aradel Holdings PLC insiders in the company’s strategic direction and growth potential. Insider share purchases are often interpreted by investors as a positive signal about the company’s prospects and management’s commitment to its long-term success.
Company Overview
- Chairman: Ladi Jadesimi
- MD/CEO: Adegbite Falade
- CFO: Adegbola Adesina
- Company Secretary: Titi Omisore
Aradel Holdings PLC operates with a vision of being “Energized for a Brighter Future,” focusing on sustainable growth and delivering value to stakeholders.
Regulatory Compliance
This disclosure aligns with corporate governance principles and regulatory requirements for transparency in insider dealings. Aradel Holdings PLC remains committed to maintaining high standards of accountability and stakeholder trust.
For further inquiries, contact:
Titi Omisore (Ms.), Company Secretary
Aradel Holdings PLC
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