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.
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
MTN Nigeria interim dividend N26 per share H1 2026
MTN Nigeria Approves H1 2026 Results and Interim Dividend
MTN Nigeria Declares N26 Dividend Amid Financial Recovery
MTN Nigeria declares ₦26 interim dividend after ₦707.5bn H1 profit
MTN Foundation Invests N32bn in Nigeria's Social Programs
MTN Nigeria Drives N961bn Surge in Nigerian Stock Market
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
