Shareholders of VFD Group Approve N0.25 Dividend Per Share

Kayode Tokede 

The shareholders of VFD Group Plc at its 10th Annual General Meeting (AGM) in Lagos approved the management’s N0.25 dividend per  share for the financial year ended December 31, 2025.

The meeting with a theme: “Level Up: Positioned for What’s Next,” brought together shareholders, Board members, regulators, investors, and key stakeholders to review the Group’s performance for 2025 , and deliberate on key corporate resolutions guiding the company’s next phase of growth.

Other resolutions approved by shareholders were: re-election of Ms. Omolola Bolusire as an Independent Non-Executive Director; re-election of PricewaterhouseCoopers (PwC) as External Auditors of the Group; and approval of Statutory Audit Committee appointments and related governance resolutions presented at the AGM. 

Voting outcomes during the AGM reflected overwhelming shareholder support across resolutions, with several motions receiving approval margins exceeding 99%.

Speaking after the AGM, Group Managing Director/CEO,  Nonso Okpala reaffirmed the Group’s commitment to institutional growth, disciplined execution, and long-term shareholder value creation.

“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. 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.

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.

Our expansion strategy is not random or opportunistic. It is a deliberate effort to identify and pursue opportunities across Africa while replicating the successes we have achieved in Nigeria within key African markets,” Okpala said.

“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. 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. The foundation of our growth story continues to be transparency, accountability, strong risk management practices, and strict adherence to corporate governance standards. Those principles remain central to how we operate and create sustainable value for shareholders,” Okpala added.

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

“Transparency, accountability, and compliance are extremely important to us. As an investment company, we take governance very seriously because investor confidence is built on trust and discipline. Being a publicly listed company also means we are subject to stronger regulatory oversight than a private company, and we see that as a positive. It reinforces our commitment to doing business responsibly and sustainably. Given the scale of our activities and investments across sectors, risk management is also a critical priority for us. We continue to strengthen our governance and risk frameworks, and that disciplined approach has contributed significantly to the company’s consistent growth year after year,” Busari said.

Executive Director, Finance & Investor Relations, Folajimi Adeleye, also provided shareholders with updates on the Group’s financial position, capital structure, and strategic priorities following the recently concluded Rights Issue exercise.