Access Holdings Plc has disclosed that over 46 million shares have vested to its senior management under the Group’s Restricted Shares Performance Plan. The largest recipient is Group CEO Roosevelt Ogbonna, who received 11,235,955 shares, far ahead of any other executive.
While the vesting occurred on January 1, 2025, the shares were originally granted on January 1, 2022. The total number of vested shares—46,052,215 units—translates to an estimated ₦970 million, based on Access Holdings’ May 8, 2025 closing price of ₦21.10 per share on the Nigerian Exchange (NGX).
Top 3 Beneficiaries of Share Vesting
| Name | Role | Vested Shares | Estimated Value (₦) |
| Roosevelt Ogbonna | Group Managing Director/CEO | 11,235,955 | ₦237.6 million |
| Chikaodinaka Okwuonye | Not Disclosed | 6,742 | ₦142,266 |
| Bolaji Agbede | Acting Group CEO | 2,494,043 | ₦52.6 million |
What is the Restricted Shares Performance Plan?
The plan rewards senior executives with shares in the company after a set period—usually contingent on remaining in the company and hitting performance milestones. These shares are granted but only “vest” after the specified duration, meaning recipients gain full ownership rights at that time.
As noted in the company’s disclosure, “the vesting of shares is not a purchase or sale transaction,” highlighting that the shares were not bought but awarded.
This latest vesting underscores Access Holdings’ strategy of aligning executive incentives with shareholder value creation.
