VFD Group Plc has held its 10th Annual General Meeting (AGM) themed: “Level Up: Positioned for What’s Next.”
The AGM brought together shareholders, Board members, regulators, investors, and key stakeholders to review the Group’s performance for the financial year ended December 31, 2025, and deliberate on key corporate resolutions guiding the company’s next phase of growth.
At the meeting, shareholders approved all resolutions presented before the house, including the payment of dividend of 25 kobo per share.
The company’s stock recorded notable intraday market activity during trading, posting a 10 percent midday appreciation as investor sentiment remained positive around the Group’s growth outlook and AGM proceedings.
Among resolutions approved by shareholders were: re-election of 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 percent.
Speaking after the AGM, Nonso Okpala, group managing director/CEO, VFD Group Plc 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.
Olatunde Busari, chairman of the Board, VFD Group Plc emphasised 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.
Folajimi Adeleye, executive director, Finance & Investor Relations, VFD Group Plc also provided shareholders with updates on the Group’s financial position, capital structure, and strategic priorities following the recently concluded Rights Issue exercise.
“Our strategy around expansion is not based on growth simply for expansion’s sake. It begins with understanding the markets we operate in and identifying the opportunities that exist within those markets.
At the same time, we approach every decision with a strong sense of responsibility to our shareholders. We would not enter any market or pursue any opportunity without carefully evaluating the business potential, the associated risks, and ensuring that strong governance structures are in place. One of the major advantages we have at VFD Group is the strength of our diversified portfolio. That diversity allows us to benefit from different business and earnings cycles across sectors,” Adeleye said.
Gbeminiyi Shoda, company secretary, VFD Group who coordinated the governance and procedural aspects of the AGM proceedings said, “Today’s AGM reflects the strength of VFD Group’s governance culture and the continued confidence shareholders have in the institution’s strategic direction”.
“The level of participation and overwhelming support across resolutions reinforce our collective commitment to transparency, accountability, and long-term value creation,” Shoda said.
At the AGM, VFD Group management expressed appreciation to shareholders for their continued trust, confidence, and commitment to the Group’s long-term vision.