BUA Foods Director Acquires 53,800 Shares in Insider Deal

BUA Foods Plc has notified the Nigerian Exchange Limited of the purchase of shares by one of its non-executive directors, Mr. Chimaobi Madukwe. The disclosure, filed on August 26, 2025, indicated that the transaction took place on August 21, 2025.

According to the filing, Mr. Madukwe acquired a total of 53,800 ordinary shares of BUA Foods Plc at prices ranging between ₦541.80 and ₦543.00 per share. The acquisitions were executed in several tranches on the same day.

The company secretary, Oluseye Alayande, who signed the notification, confirmed that the transaction was carried out in line with regulatory requirements governing insider dealings on the Nigerian Exchange and the Securities and Exchange Commission rules.

This development underscores the continuing confidence of the company’s board members in the growth prospects of BUA Foods, one of Nigeria’s largest consumer goods firms.