Ecobank Transnational Incorporated's (ETI) Group Chairman, Alian Nkontchou, has purchased an additional 96,515,229 shares worth N1.5 billion through proxy.
This share purchase was disclosed via a notice of
Directors Dealings signed by Company Secretary Madibinet Cisse and sent to the
Nigerian Exchange Limited.
The 96,515,229 units of ETI shares were bought between August
1st,2023, and September 29th, 2023, at an average price of N15.55 per share.
This acquisition increased his number of direct and indirect
shares from 418,977,516 units as of 30th June 2023 (based on ETI’s
financial report), to 515,492,745 units or the equivalent of 2.84% of ETI’s
total shareholding.
Alain was an adviser of Laurent Perrier, a champagne company
in France, having also been a non-executive director from 1999 to 2009.
He previously worked in London between 1995 and 2008 as
Managing Director of Credit Suisse’s Global Macro Trading Group and also with
JP Morgan Chase & Co.
Between 1989 and 1994, he worked with Chemical Bank in Paris
and New York, where he became Vice-President and head of Trading and Sales.
Alain has a track record of business success, having
generated significant dollar revenues for each of these bulge-bracket
institutions.
Alain has an MSc. in Electrical Engineering from Supelec and
P.M. Curie University, Paris, and an MSc in Finance and Accounting from ESCP
(Ecole Supérieure de Commerce de Paris).
The increase in second-quarter profits helped its half-year
profit before tax to rise by 38% to N150.31 billion compared to N108.96 billion
same period last year.
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