MTN Nigeria Employee Share Vesting: ESOP & PSP Details Disclosed
MTN Nigeria Communications Plc has filed a corporate action notification disclosing the vesting of company shares on six employees under its Employee Share Ownership Plan and Performance Share Plan. The filing, dated 18 June 2026, details individual share allocations transacted on 30 and 31 March 2026.
MTN Nigeria Communications Plc (NGX: MTNN) has notified the market of share vesting transactions carried out on behalf of six employees under two internal equity schemes — the Employee Share Ownership Plan (ESOP) and the Performance Share Plan (PSP).
According to the filing submitted by Company Secretary Uto Ukpanah FCIS, the vesting transactions occurred on two dates: 30 March 2026 and 31 March 2026. A total of six employees received shares, with individual allocations ranging from 1,097 units to 99,122 units.
The largest single allocation — 99,122 units — was granted to Omolara Micheal-Nwadu on 31 March 2026. Other recipients include Owolabi Adegoke (12,123 units), Ayoade Adedapo (12,403 units), Kenneth Egwutu (1,097 units), Alao Taiwo (2,192 units), and Bukola Ogunjana (2,192 units).
MTN Nigeria explicitly noted in the filing that the vesting of shares does not constitute a purchase or sale transaction. The notification was made pursuant to the terms of the employees' contracts with the company.
