BY NECHI NAECHE ESEZOBOR—Mutual Benefits Assurance Plc has notified the investing public of a share transaction involving an insider, Charks Investment Limited.
In a disclosure released on Thursday, the company stated that Charks Investment Limited, a related party with common directors and shareholders, sold a total of 2,989,733 ordinary shares of Mutual Benefits Assurance Plc. The transaction was carried out at prices ranging between N3.06k and N3.10k per share.
Based on the disclosed price range, the transaction was valued at approximately ₦9.15 million to ₦9.27 million.
According to the notification, the sale took place on December 4, 2025, in Lagos, Nigeria. The transaction was reported as an initial notification in line with regulatory requirements on insider dealings.
Mutual Benefits Assurance Plc, emphasized that the disclosure was made to ensure transparency and compliance with applicable market regulations.
The company assured shareholders and the investing public of its continued commitment to good corporate governance and timely disclosure of material information.
