WorldStage– UAC of Nigeria PLC (UACN) has officially announced the implementation of its Long-Term Incentive Plan, resulting in the crystallisation of value creation options for key management personnel.
According to a regulatory filing submitted to the Nigerian Exchange Limited (NGX) on September 30, 2026, Ayomipo Wey, the Company Secretary and Group General Counsel of UAC of Nigeria PLC, was allocated 5,268,062 ordinary shares under the company’s Value Creation Plan.
The transaction involved the execution of NIL Cost Options under the plan, representing the net share allocation after applicable taxes. The transaction took place in Lagos, Nigeria.
UAC of Nigeria PLC, one of the country’s oldest active conglomerates established in 1879, operates across multiple key sectors including consumer goods, logistics, and real estate.
The executive share allocation reflects the company’s ongoing strategy to align leadership incentives with long-term shareholder value creation.
