NKECHI NAECHE-ESEZOBOR—VFD Group PLC has announced that the Securities and Exchange Commission (SEC) has approved an extension of its ongoing ₦50,673,964,000.00 Rights Issue.
The offer will now remain open until 26 December 2025.
The extension follows strong investor uptake and a steady acceleration in participation across all categories of qualified shareholders, including retail investors, institutional holders, and members of the
diaspora.
The additional window is intended to accommodate the rising number of shareholders indicating interest in exercising their rights and to ensure broad-based access to the offering.
The Rights Issue provides eligible shareholders with an opportunity to subscribe for 2 new ordinary
shares for every 3 existing ordinary shares held, at a subscription price of ₦10.00 per share.
The programme forms part of the Company’s broader strategy to reinforce its capital base, support long-term growth, and enhance shareholder value.
Commenting on the extension, VFD Group stated that the approval underscores its commitment to maximising shareholder participation and reflects the confidence investors have continued to show in
the Group’s performance trajectory and strategic direction.
The Company encourages all eligible shareholders who have not yet subscribed to take advantage of this extended period to complete their applications
About VFD Group
VFD Group Plc (NGX: VFDGROUP) is a Principal Investment Firm that strategically unlocks value for investors across multiple sectors. We are dedicated to building Africa’s value chain of investment by actively aggregating and scaling high-growth businesses within five core sectors:
Financial Services & FinTech, Capital Markets, Market Infrastructure, Real Estate & Hospitality, and Ecosystem Support Services.
Our geographical mandate is global. The Group strategically leverages its strong foundation in West Africa to drive expansion, with active operations now spanning Southern Africa, the United
Kingdom, and the United States. We are focused on generating consistent, risk-adjusted returns by applying disciplined investment strategies across diverse global economies.
In VFD, our investment decision is based on companies with exceptional management teams, compelling business models, and operate in industries that are within our domain of expertise; alignment with existing portfolio companies based on opportunities for synergies, ensuring that the businesses we invest in gain significant value over time, and then seeking out opportunities for
profitable exits.
