How Vitafoam’s ED acquires 192,000 shares
An Executive Director of Vitafoam Nigeria Plc, a foam manufacturing company based in Ikeja, Lagos, Mr Adeniyi Taiwo Ayodele has been reported to have purchased 192,000 units of the company at the Nigerian Stock Exchange on 21st August 2020.
A notice signed Mr Olalekan Sanni, Company Secretary/Legal Adviser on August 31, 2020, confirmed that the stocks were purchased at N5.22 per share which translated to N1,002,240.
Vitafoam is one of Nigeria’s largest foam manufacturers, producing both flexible and rigid polyurethane products. The company also owns an interest in Vitafoam Ghana and Vitafoam Sierra Leone.
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