Eight directors of Access Holdings, including the acting Group Chief Executive Officer, Bolaji Agbede, and Managing Director of Access Bank, Roosevelt Ogbonna, have been vested with approximately 23,883,790 units of shares in the HoldCo, valued at N427.13 million.
According to filings with the Nigerian Exchange Limited, Ogbonna received the highest number of shares, totaling 12,345,679 units worth N220.37 million. Agbede, the GCEO of the HoldCo, received 2,216,992 units valued at N39.795 million.
Other directors, including the Group Chief Financial Officer, Executive Directors, and Company Secretary, were also vested with shares ranging from 1,210,058 units to 1,728,395 units, with values from N21.72 million to N30.85 million.
These shares were vested on May 3rd and May 6th, with an average price of N17.91 per unit. It’s important to note that the vesting of shares does not constitute a purchase or sale transaction according to exchange rules.
In November, Access Holdings previously vested over 15.5 million shares as stock compensation to directors. Access Holdings shares closed trading at N17.7, showing a 1.39% decrease from the previous day.
Source: Punch