Date: December 6, 2024
Location: Lagos, Nigeria
Introduction
Cutix Plc has disclosed a share dealing notification involving its Chief Executive Officer (CEO), Mrs. Oduonye Ijeoma Agnes, who acquired 367,617 shares of the company on December 6, 2024. The transaction was conducted in compliance with regulatory requirements to ensure transparency and alignment with insider trading policies.
Details of the Insider Transaction
- Insider Information
- Name: Oduonye Ijeoma Agnes
- Position: Chief Executive Officer
- Notification Type: Initial
- Issuer Information
- Company Name: Cutix Plc
- Legal Entity Identifier (LEI): 029200894A3T8E0D9144
- Transaction Details
- Instrument Type: Shares
- Identification Code (ISIN): NGCUTIX0002
- Nature of Transaction: Purchase of Shares
- Volume: 367,617 shares
- Price Per Share: ₦2.25
- Aggregate Value: ₦826,138.25
- Date of Transaction: December 6, 2024
- Place of Transaction: Lagos
Implications for Shareholders and the Market
- Positive Signal to Investors
The CEO’s purchase signals confidence in the company’s future performance and underscores her commitment to aligning personal interests with those of shareholders. - Strengthened Shareholder Trust
This transaction reflects robust corporate governance practices by adhering to regulatory standards for insider dealings. - Market Confidence
Insider purchases often indicate growth potential, providing an optimistic outlook for both current and prospective investors.
Regulatory Compliance
Cutix Plc has complied with relevant disclosure requirements by notifying stakeholders of this transaction. The details have been submitted to regulatory authorities to maintain transparency and uphold market integrity.
Board of Directors
The company’s leadership team comprises seasoned professionals committed to driving sustainable growth:
- Chairman: Barr. (Mrs.) I. Nwahiri
- CEO: Mrs. I. Oduonye
- Directors: Mr. A. Olushekun, Mr. I. Okonkwo, Mrs. I. Ezeasor, Prince O. Orizu, and Mr. I. Uzodike
Conclusion
This insider share purchase reinforces confidence in Cutix Plc’s trajectory and commitment to corporate excellence. Shareholders and the market can interpret this move as a vote of confidence in the company’s strategies and future opportunities.