FMDQ Group Plc has granted Share Appreciation Rights (SARs) to its top leadership, according to its 2024 annual report released to investors and the public.
The report shows that the Chief Executive Officer received 1.3 billion shares valued at N9.9 billion, representing 5% of the company’s shareholding.
Executive management personnel, identified as foundation executives, were also granted 1.04 billion shares worth N4.6 billion, equivalent to 4% of the company’s shareholding.