VFD Group Shareholders Approve N0.25 Dividend Per Share at 10th AGM

Shareholders of VFD Group Plc have approved a dividend of N0.25 per share for the financial year ending December 31, 2025, during the company's 10th Annual General Meeting (AGM) in Lagos. The meeting, themed “Level Up: Positioned for What’s Next,” gathered stakeholders to review the Group’s 2025 performance and discuss resolutions guiding its future growth.

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First, we must appreciate our shareholders who made the recently concluded capital raise a success. Without their trust and support, we would not be where we are today, and we remain deeply grateful to them.

Key resolutions passed included the re-election of Ms. Omolola Bolusire as an Independent Non-Executive Director and the reappointment of PricewaterhouseCoopers (PwC) as External Auditors. Shareholders also approved appointments to the Statutory Audit Committee and related governance matters, with voting outcomes showing overwhelming support, often exceeding 99% approval margins.

Group Managing Director/CEO, Nonso Okpala, expressed gratitude to shareholders for the success of a recent capital raise, stating the funds will support the execution of the Group's strategy across its five major verticals: market infrastructure, capital market operations, real estate and hospitality, financial services, and retail technology. "Those funds are being deployed into these verticals to deepen our market positions and ensure that our businesses within those sectors become top five players in the economy," Okpala said. He highlighted that the expansion strategy is deliberate, aiming to replicate successes achieved in Nigeria within key African markets.

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The capital raised will support the continued execution of our strategy across our five major verticals: market infrastructure, capital market operations, real estate and hospitality, financial services, and retail technology.

Okpala also emphasized VFD Group's consistent commitment to rewarding shareholders through dividend declarations, despite operating environment challenges and growth-related costs. "This year, we declared a dividend of 25 kobo for every share of 50 kobo held by shareholders. That outcome is not driven by luck. It is the result of deliberate planning, disciplined execution, and a clear determination to succeed as an institution," he stated, attributing the success to transparency, accountability, strong risk management, and adherence to corporate governance standards.

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Year after year, despite the operating environment and the costs associated with growth, VFD Group has remained committed to rewarding its shareholders through consistent dividend declarations.

Chairman of the Board, Olatunde Busari (SAN), underscored the significance of governance, resilience, and sustainable corporate leadership as VFD Group continues to expand its ecosystem across various sectors and markets.

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This year, we declared a dividend of 25 kobo for every share of 50 kobo held by shareholders. That outcome is not driven by luck. It is the result of deliberate planning, disciplined execution, and a clear determination to succeed as an institution.