The board of Skye Bank Plc on Thursday announced to its existing shareholders and the investor community and in compliance with Rule 17.13 of the and the Nigerian Stock Exchange (NSE) Rule Book that two companies with a common major shareholder had significant transactions on the shares of the bank as of February 27, 2018.
According to Babatunde Osibodu, Company Secretary/General Counsel of the bank, both companies: AYYG & Sot s Nig Limited and YGD & Sons Nig Limited, related to Alhaji Garba Yakubu with registered place of business as 94, Kafur Road, Funtua, Katsina State held 6.65% of the bank’s shares.
While AYYG & Sons Nig Limited incorporated on February 14, 2005 as general contractors, general merchants and general suppliers, held 3.23% stake; YGD & Sons Nig Limited incorporated on February 8, 2005 as general contractors, general merchants, suppliers, stockists, manufacturers’ representatives and commission agents, held 3.42%.