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June 23, 2024

Security Bank chair beefs up shareholdings

The chairman of Security Bank Corp. led by bankero Sanjiv Vohra spent close to P31 million to beef up his shareholding in the publicly-listed lender.

Security Bank chairman Alberto Villarosa spent P25.63 million to acquire 231,840 shares at P110.55873 per share last March 11.

Then days later, Villarosa spend P5.15 million to purchase 47,630 more shares at P108.13038 per piece.

After the buying binge, Villarosa’s shareholdings aggregated four million common shares.

The shares of Security Bank hit a 52-week high of P127 in June last year. It gained P3 to close at P110 today from P107 Tuesday.