Executives Acquire Access Shares

Executives Acquire Access Shares

What Happened?

Eight members of the management team at Access Holdings Plc and Access Bank have been given over 13 million shares of the company. This means they now own a part of the financial institution.

Why Did They Get the Shares?

The executives received these shares as part of their employment agreement with the company. It’s a way for the company to reward them for their hard work and dedication.

How Much Are the Shares Worth?

Based on the current share price of N17.25 per unit, the total value of the shares is about N233.5 million. That’s a lot of money!

Who Are the Beneficiaries?

Let’s meet the lucky executives who received these shares:

  • Bolaji Agbede, Executive Director of Access Holdings Plc, received 1,975,309 shares
  • Victor Etuokwu, Deputy Managing Director of Retail North at Access Bank Plc, received 2,469,136 shares
  • Chizoma Okoli, Deputy Managing Director of Retail South at Access Bank Plc, also received 2,469,136 shares

MTN’s N52bn Capital Raise

  • Gregory Jobome, Executive Director of Access Bank Plc, received 2,469,136 shares
  • Hadiza Ambursa, Executive Director of Access Bank Plc, received 2,469,136 shares
  • Oluseyi Kumapayi, Executive Director of Access Bank Plc and Non-Executive Director of Access Holdings Plc, received 2,082,930 shares
  • Iyabo Soji-Okusanya, Executive Director of Access Bank Plc, received 1,532,447 shares
  • Sunday Ekwochi, Company Secretary, received 42,101 shares

What Does This Mean?

By receiving these shares, the executives now have a stake in the company’s success. If the company does well and the share price goes up, the value of their shares will increase too. It’s like having a piece of the pie!

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