Five Access Holdings Plc staff sold a combined 4.03 million shares worth about N108.2 million between November 4 and November 6.
Among them were the group’s chief internal auditor and four senior compliance, risk-audit and business heads.
The sales came days after the lender published its delayed half-year and nine-month results, according to notices to the NGX signed by Company Secretary Sunday Ekwochi and dated November 6.
Inyang-Emmanuel Etim, head of regulatory and financial crimes compliance, was the biggest seller. Etim sold 1.259 million shares at N27 per share in three lots on November 4.
Babatunde Aro, head of compliance monitoring (branch) at Access Bank Plc, sold 1.25 million shares at N27 on November 6.
Tolulope Adesomoju, head of cards and digital banking Africa, sold 1 million shares at N26.50 on November 4. Chief Internal Auditor Joseph Osogbue sold 350,000 shares at N26.95 the same day, while Gbadebo Omolaja, head of risk audit at Access Bank, sold 167,000 shares at N27 on November 5.
Sales Follow Release of Results
The sales followed the release of Access Holdings’ results on November 2. The group published its half-year and nine-month accounts together after Central Bank of Nigeria approval of the half-year figures was delayed.
Nine-month profit after tax rose 5.9% to N474.16 billion, and pretax profit rose 8.3% to N667.4 billion, the group said.
Access Holdings closed trading at N27.50 per share and is valued at about N1.495 trillion.
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