SAPL sells N268m Skyway Aviation shares

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SAPL sells N268m Skyway Aviation shares

A major shareholder of Skyway Aviation Handling Co. Plc (SAHCO), SAPL limited has sold 95.1 million shares of the aviation handling company.

The total value of the shares of SAHCO Plc sold by SAPL is put at N268 million.

This is according to a notification of Share Dealing by an Insider, issued by the Company, and published on the website of the Nigerian Stock Exchange (NSE).

The disclosure which is compliant with NSE’s policy on insider dealing revealed that the substantial shareholder was able to sell the shares of the company in thirteen deals on the floor of the Nigerian Stock Exchange, between the 16th and 24th of December 2020.

Dealings by insiders of listed companies are corporate actions to be disclosed by the management of the company. This is in compliance with NSE’s policy on insider dealing, as the disclosure is key in the effort to ensure transparency and reinforce the trust of the investing public.

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