VFD Group Plc has announced that the Securities and Exchange Commission (SEC) has approved an extension of the acceptance period for its ongoing ₦50,673,964,000 Rights Issue.
The offer, originally scheduled to close earlier, will now remain open until December 26, 2025.
The extension comes on the back of strong subscription momentum from shareholders across multiple categories, including retail investors, institutional shareholders, and members of the Nigerian diaspora.
The company noted that the additional window accommodates the growing number of shareholders indicating interest in exercising their rights.
Offer Structure and Strategic Objective
The Rights Issue allows qualified shareholders to subscribe to 2 new ordinary shares for every 3 existing shares held, at a subscription price of ₦10.00 per share.
According to the company, the capital raise is a core component of its long-term strategy to:
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Reinforce its capital position
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Support sustained growth across its investment ecosystem
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Enhance value creation for shareholders
Management added that the extension reflects deliberate efforts to maximise participation and ensure broad-based access to the offering.
Investor Confidence and Market Response
VFD Group stated that consistent shareholder engagement and rising application volumes prompted the request for an extended subscription period.
The company emphasised that the SEC’s approval further validates investor confidence in its operational performance, regional expansion strategy, and disciplined investment approach.
Eligible shareholders who have not yet subscribed are encouraged to take advantage of the extended window and complete their applications before the closing date.