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Nestlé S.A has invested a whopping N147.8 million in shares of its Nestlé Nigeria Plc.

 

The consumer goods giant, Nestlé S.A has invested an additional N147.8 million in shares of its Nigerian Subsidiary (Nestlé Nigeria Plc).

 

This disclosure was made by Nestlé Nigeria Plc, in a notification issued and signed by the Company’s Secretary, Bode Ayeku.

Mr. Ayeku disclosed that Nestlé S.A acquired the additional 105,569 units of Nestle Nigeria Plc shares in three transactions on the floor of the NSE, at an average share price of N1,400 per share.

 

According to the notification issued by the Company’s Secretary and seen by Nairametrics, Nestlé S.A purchased the ordinary shares of Nestlé Nigeria Plc in this order:

  • On 11th December, 63,700 additional shares of Nestlé Nigeria Plc at a price of N1,400.00 per share were purchased.
  • On 12th December, 41,869 additional shares of Nestlé Nigeria Plc at a price of N1,400.00 per share were purchased.

 

This puts the total consideration for the shares purchased by the parent company at N147,796,600.00.

 

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