Fidelity Bank Plc has notified the Nigerian Exchange Limited (NGX) of the vesting of 29,787,745 ordinary shares in favour of selected senior executives and employees under the bank’s employee share scheme.
The disclosure, dated June 30, 2026, was signed by the Company Secretary, Ezinwa Unuigboje, and submitted to the Exchange in line with regulatory requirements.
According to the notification, the shares vested in 12 members of staff on June 30, 2026. Stanley Amuchie and Pamela Shodipo received the largest allocations with 12,727,272 shares each.
Garba Ibrahim Sufiyanu was allotted 4,000,000 shares, while Nwalor Emmanuel Onyema received 333,201 shares. Ayerite Ebi Ngo was vested with 262,114 shares.
The remaining beneficiaries received allocations ranging from 39,700 shares to 43,750 shares. They include Maram Markus Magga, Igho Akpomeria, Ojonimi Joseph, Somoye Kabir Omoniyi, Dickson Patience Ladi, Enangeto Uwem Essiet and Adejoh Grace.
In total, Fidelity Bank confirmed that 29,787,745 shares vested in the named employees on June 30, 2026.
Share vesting represents the transfer of ownership rights to employees under an incentive or compensation plan after specified conditions have been satisfied. Such schemes are commonly used by listed companies to align employees’ interests with those of shareholders, encourage long-term commitment and support sustained corporate performance.
The notification did not indicate that the vesting involved any open market purchase or disposal of shares, but simply informed the Exchange of the transfer of ownership under the bank’s employee share scheme.
