Access Holdings Plc has awarded 23.8 million ordinary shares worth N427.13 million to its senior executives and those of its subsidiary, Access Bank.
This was disclosed in a notice sent to the Nigerian Exchange Ltd. (NGX) in Lagos.
The notification was sent in line with the disclosure requirements of the Securities and Exchange Commission (SEC) and the NGX.
It is also pursuant of the terms of its shareholders’ approved Employees Performance Share Plan.
The group said that Ms Bolaji Agbede, Acting Group Chief Executive Officer, Access Holdings, Mr Roosevelt Ogbonna, Managing Director/CEO, Access Bank, and six others were vested with 23,883,790 shares worth N427.13 million in total.
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According to the filings, Ogbonna got the highest number of shares, totaling 12,345,679 and valued at N220.37 million, having been traded at N17.85 per share.
Agbede was vested with 2,216,992 shares, valued at N39.795 million.
Other directors who had shares vested in them include: Mr Seyi Kumapayi, Executive Director, African Subsidiaries, Access Bank, with 1,234,568 shares worth N22.16 million.
The Executive Director of the Commercial and Investment Banking Division at Access Bank, Ms Iyabo Soji-Okusanya got 1,691,308 shares at N17.95 per share, valued at N30.36 million.
Mrs Chizoma Okoli, Access Bank’s Deputy Managing Director, Retail South, also got 1,728,395 shares valued at N30.85 million.
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The Executive Director of Risk Management, Dr Gregory Jobome and the Executive Director of Commercial Banking, Hadiza Ambursa were vested with 1,728,395 shares each, valued at N30.85 million and N31.02 million respectively.
Also, Access Holdings’ Company Secretary, Mr Sunday Ekwochi, was vested with 1,210,058 shares worth N21.72 million.
The group stated that the shares were vested on May 3 and May 6.
It noted that the vesting of the shares was not a purchase or sale transaction in the context of the Exchange’s rules.
