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Headline : Access Corporation vests over 23 million shares to top executives

Read more from the original article on here at nairametrics.com.






Tags : #access #corporation #vests #over #23 #million #shares #top #executives



No. of Paragraph 26

Access Corporation, Nigeriaโ€™s largest bank by total assets, recently awarded share options worth approximately N427 million to several key executives under its Restricted Share Performance Plan (RSPP).

The beneficiaries include Acting Group CEO Bola Agbede, MD/CEO Rosevelt Ogbonna, and Chief Financial Officer Seyi Kumapayi, among others.

The total allocation involved 23.8 million shares, priced at an average of N17.9 per share.

Under the terms of the RSPP, these shares are granted at no cost to the employees based on performance criteria and vest over a three-year period. The companyโ€™s also plan also extends to certain other employees within the group, where shares vest over seven years.

Read more from the original article on here at nairametrics.com.


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