Eight members of the management team of Access Holdings Plc and Access Bank have been vested with over 13 million units of the financial institution’s shares.
According to a corporate notice filed with the Nigerian Exchange Limited on Wednesday, the vesting of Access Holdings shares on the executives was based on the terms of their employment with financial institutions.
A total of 13,535,997.31 units of Access Holdings were vested in the beneficiaries on Monday. Based on the firm’s share price as of Wednesday of N17.25 per unit, the vested shares are worth about N233.5m.
The beneficiaries include Executive Director, Access Holdings Plc, Bolaji Agbede, who was vested with 1,975,309 units of shares, followed by the Deputy Managing Director, Retail North, Access Bank Plc, Victor Etuokwu, who got, 2,469,136, Deputy Managing Director, Retail South, Access Bank Plc, Chizoma Okoli, who also got 2,469,136 units.
Others include Executive Director, Access Bank Plc, Gregory Jobome, who got 2,469,136 units of shares, same as Executive Director, Access Bank Plc, Hadiza Ambursa.
An Executive Director, Access Bank Plc and Non-Executive Director, Access Holdings Plc, Oluseyi Kumapayi, was vested with 2,082,930 units of shares while an ED, Iyabo Soji-Okusanya got 1,532,447 and the Company Secretary, Sunday Ekwochi, received 42,101 units of shares.
