Wigwe Increases Access Stake to 6.53% With N5.67bn Purchase

The Group Chief Executive Officer of Access Holdings Herbert Wigwe has increased his indirect stake in the bank holding company by 1.59%, with a purchase of 567.59 million new shares, through Tengen Holding (Mauritius) Limited.

It brings Wigwe’s total holdings to 2.323 billion shares, equivalent to 6.53% of the total outstanding shares of Access Holdings, up from 4.94% in December 2022.

The transaction was concluded on April 27, 2023 at a purchase price of N10 per share, for a total consideration of N5.67 billion, according to a filing on the Nigeria Exchange Limited.