VFD Group PLC AGM Outcome: Dividend, Auditor & Board Updates
VFD Group PLC has filed the outcome of its 10th Annual General Meeting held on 26th May 2026 at Radisson Blu Anchorage Hotel, Victoria Island, Lagos. The filing discloses resolutions passed at the meeting, including dividend declaration, director re-election, auditor reappointment, and non-executive director remuneration.
VFD Group PLC convened its 10th Annual General Meeting on 26th May 2026, with shareholders passing eight resolutions covering key governance and financial matters for the year ended December 31, 2025.
Shareholders adopted the Audited Financial Statements for the year ended December 31, 2025, along with the Directors' and Auditors' reports. A cash dividend of 25 kobo (₦0.25) per share was declared for the 2025 financial year.
Ms. Omolola Bolusire, who was retiring by rotation, was re-elected as a Non-Executive Director of the company. PricewaterhouseCoopers (PwC) was reappointed as external auditors under Section 401 of the Companies and Allied Matters Act, 2020, with the Board authorised to fix their remuneration.
Five members of the Statutory Audit Committee were re-elected, comprising three shareholder representatives — Alhaji Kabiru Tambari, Mr. Chijioke Ugorji, and Ms. Ifeoma Thecla Okonkwo — and two board representatives, Mr. Kelvin Orogun and Mr. Adeniyi Adenubi.
Non-Executive Directors' remuneration was fixed at ₦127,880,000 for the year ending December 31, 2026, effective from January 1, 2026. Manager remuneration disclosures are referenced on page 174 of the Annual Report.
