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Share Allotment Processing
We receive your allotment instructions and process the allocation of shares to each eligible employee according to your scheme rules.
For NSE-Listed Companies
Help your employees own shares directly in their own name — not in a pooled fund, not through a nominee. Shares Saver manages your employee share investment scheme end-to-end: allotments, CSCS registration, dividends, leavers, and reporting.
An employee share investment scheme is a formal arrangement through which a Nigerian listed company allocates shares — or rights to acquire shares — to some or all of its employees. It is one of the most powerful tools a listed company has for retaining talent, aligning employees with shareholder interests, and rewarding long-term contribution.
In Nigeria, employee share schemes for listed companies are governed by the Companies and Allied Matters Act (CAMA) 2020, SEC Nigeria rules on employee share schemes, and Nigerian Exchange (NGX) listing obligations. The company must obtain board and, in some cases, shareholder approval before running a scheme.
Shares Saver provides the platform and administration for your scheme — so your company can focus on setting the rules and communicating the benefit to employees, while we handle the operational complexity of registration, allotment, dividends, and ongoing management.
We receive your allotment instructions and process the allocation of shares to each eligible employee according to your scheme rules.
Each employee's shares are registered through the Central Securities Clearing System (CSCS) directly in their own name — not in a pooled account.
Employees access their Shares Saver account to view their shareholding, track value over time, and access ownership documentation.
We support the process of ensuring each employee's bank details are registered with the company registrar so declared dividends flow directly to them.
When an employee leaves, we manage the administrative process for their shares in line with your scheme rules — vested shares remain theirs, unvested shares are handled per your policy.
We provide your company with the reporting and documentation needed for regulatory compliance, board reporting, and audit purposes.
Many employee share schemes hold shares in a pooled or nominee structure — the shares are held collectively on behalf of employees, but not registered to any individual. Employees see a balance, but they are not the named shareholder.
With Shares Saver, every employee's shares are registered directly in their own legal name through CSCS. Each employee is a real, named shareholder — entitled to dividends, entitled to vote at AGMs, and able to see their name in the company's register.
This is a more meaningful form of ownership — and a more compelling employee benefit.
Learn more about direct share ownership →Named in the CSCS register
Each employee is a direct registered shareholder
Entitled to dividends
Dividends flow directly to the employee's bank account
AGM voting rights
Named shareholders can vote at Annual General Meetings
Full ownership documentation
Employees can access and download proof of ownership
No pooled risk
Individual shares are not commingled with other employees' holdings
Public companies listed on the Nigerian Exchange looking to implement or modernise their employee share investment scheme.
Company secretaries responsible for shareholder register compliance, allotment processing, and SEC regulatory filings related to employee schemes.
HR and reward leaders designing an employee share benefit that is meaningful, transparent, and aligned with the company's retention strategy.
Finance and legal professionals who need a compliant, well-documented administration framework for employee share allotments and reporting.
An employee share investment scheme is a formal arrangement through which a listed Nigerian company allocates shares — or the right to acquire shares — to its employees. It is used to reward, retain, and align employees with the long-term performance of the business. Schemes are governed by the Companies and Allied Matters Act (CAMA) 2020 and the rules of the Securities and Exchange Commission (SEC) Nigeria.
Any company listed on the Nigerian Exchange (NGX) can operate an employee share scheme, subject to board approval, shareholder consent where required, and compliance with SEC Nigeria rules. Private companies may also run share schemes, though the regulatory framework primarily applies to public companies.
Shares Saver handles the full lifecycle: processing share allotments, coordinating CSCS registration so each employee's shares are recorded in their own name, administering dividend payments, managing the share accounts of employees who leave the company, and providing compliance reporting to the company.
Yes. Unlike pooled or nominee schemes where shares are held collectively, Shares Saver registers each employee's allocated shares directly in that employee's own name through the CSCS. This means each employee is a named, registered shareholder with full ownership rights.
This depends on the terms of your scheme — which Shares Saver helps you document. Vested shares typically remain the employee's property after they leave. Unvested shares may be forfeited or handled according to the scheme rules. Shares Saver manages the administrative process for all leaver scenarios.
Because shares are registered in each employee's name, dividends declared by the company flow directly to each employee as a registered shareholder — typically via the NGX e-dividend system to their bank account. Shares Saver can assist employees in registering their bank details with the company registrar.
Yes. Employee share schemes for listed companies are subject to SEC Nigeria regulations, the Companies and Allied Matters Act (CAMA) 2020, and NGX listing rules. Shares Saver operates within this framework and administers schemes in line with current regulatory requirements.
Pricing depends on the size of the scheme, the number of participating employees, and the complexity of the allotment and reporting requirements. Contact us to discuss your company's specific needs and receive a tailored proposal.
Talk to Shares Saver about managing your employee share investment scheme — from design through to ongoing administration.