VFD Group Plc has announced that the Securities and Exchange Commission (SEC) has approved an extension of its ongoing N50,673,964,000 Rights Issue, giving shareholders more time to participate in the offer.
The Company Secretary, Gueminiyi Shoda, confirmed the development in a notice published on the Nigerian Exchange Limited (NGX) website on Wednesday, stating that the subscription window will now remain open until 26 December 2025.
Shoda explained that the extension became necessary after witnessing significant interest from investors across all categories. “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,” he said.
According to the company, the additional time is intended to ensure that all interested shareholders are able to exercise their rights. Shoda added that the move 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 allows eligible shareholders to subscribe for 2 new ordinary shares for every 3 existing shares held, at a subscription price of ₦10.00 per share. The capital raise forms a central part of VFD Group’s broader strategy to strengthen its capital base, drive long-term expansion, and enhance shareholder value.
Commenting on the rationale for the extension, the company stated that the SEC’s approval reinforces the Group’s commitment to shareholder inclusiveness. “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,” VFD Group said.
The company urged all eligible shareholders who have yet to subscribe to take advantage of the extended window. “The Company encourages all eligible shareholders who have not yet subscribed to take advantage of this extended period to complete their applications,” the statement added.
The Group’s current share price is ₦10.00 per share on the NGX.
News.ng reports that VFD Group ranks as the 30th most actively traded stock on the Nigerian Stock Exchange over the last three months (August 28 to November 26, 2025). Within this period, 333 million shares of VFDGROUP were traded in 13,028 deals, amounting to a total turnover of ₦3.6 billion.
This translates to a daily average of 5.28 million shares. The stock recorded its highest trading volume of 49.3 million shares on August 29, while the lowest volume during the period was 1.01 million shares on November 3. The table below highlights VFD Group’s trading activity over the most recent ten sessions on the Nigerian Stock Exchange.
