The acting Chief Executive Officer of Access Holdings, Bolaji Agbede, Managing Director of Access Bank, Roosevelt Ogbonna and six other directors of the bank have received a total of 23,883,790 units of shares from the Holdco, valued at N427.13.
Notices of insider trading filed with the Nigerian Exchange Limited on Tuesday revealed this information.
As per the filings, the Access Bank MD, Roosevelt Ogbonna, received the largest share of 12,345,679 units worth N220.37m at the rate of N17.85 per share.
Agbede, who took over as the HoldCo’s GCEO after the passing of Herbert Wigwe earlier this year, obtained 2,216,992 units of AccessCorp shares valued at N39,795m.
Other directors who were given shares include the Group Chief Financial Officer of Access Bank, Seyi Kumapayi, who received 1,234,568 shares valued at N22.16m, another director of Access Bank, Iyabo Soji-Okusanya was vested with 1,691,308 at N17.95 per share, totaling N30.36m, and the bank’s Deputy Managing Director, Retail South, Chizoma Okoli, got 1,728,395 units worth N30.85m.
Access Bank’s Executive Director, Chief Risk Officer, Dr Gregory Jobome, received 1,728,395 shares valued at N30.85m, the Executive Director, Commercial Banking, Access Bank, Hadiza Ambursa, got 1,728,395 units at N17.95, amounting to N31.02m, and Company Secretary of Access Holdings, Sunday Ekwochi, was vested with 1,210,058 units of the holdco’s shares worth N21.72m.
The shares were given on May 3rd and May 6th, with an average price of N17.91 per unit.
As per the exchange rules, the share vesting does not count as a purchase or sale transaction.
In November, Access Holdings vested over 15.5 million shares in stock compensation to two members of its directors’ board and six members of Access Bank’s board of directors.
The closing trading price of Access Holdings shares was N17.7, down 1.39 percent from the previous day’s figure.
