Access Holdings Plc has vested shares valued at approximately N958 million to 689 of its employees, under its ongoing Restricted Share Performance Plan (RSPP).
In a corporate filing on the Nigerian Exchange Limited (NGX), the group disclosed that 41,820,756 ordinary shares of Access Holdings vested on July 1, 2025. On that date, the company’s share price stood at N22.90.
The vested shares were allocated across both managerial and non-managerial staff within the group. However, a small group of 14 employees, including Bolaji Agbede, the former Acting Group Managing Director, received about 70.6 percent of the total shares vested.
The vesting aligns with the group’s RSPP framework, which rewards employees with company shares based on performance. The RSPP is part of Access Holdings’ long-term incentive structure designed to reward sustained performance and retain top talent within the group. Access Holdings is permitted to allocate up to 20 percent of its total staff emoluments each year toward the purchase of its shares on the NGX for the RSPP.
Read Also: Access Holdings A Costly Empire Looms In The Lagos | Newsletter – BusinessDay Premium
Under the plan, these shares are granted to eligible employees and typically vest over three years. This means recipients must remain in the group’s employment and meet performance conditions before gaining full ownership. The latest shares vested were those granted on July 1, 2021.
Leading the list of beneficiaries in the 2022–2025 vesting cycle is Chizoma Okoli, Deputy Managing Director-Retail South at Access Bank. She received 5,502,183 units. Okoli previously served as Executive Director, Business Banking, between 2019 and 2022. She joined Access Bank following its 2019 merger with Diamond Bank.
Other senior executives who received vested shares include Hadiza Ambursa, Greg Jobome, and Seyi Kumapayi, each awarded 3,930,131 shares. Employees who serve as board members across the different Access Holdings subsidiaries also received some of these shares.
