VFD Group Extends N50.6bn Rights Issue to Dec 26, 2025

VFD Group PLC (NGX: VFDGROUP) received approval from the Securities and Exchange Commission (SEC) to extend its ongoing N50.673 billion Rights Issue until December 26, 2025. The extension aims to accommodate a larger number of shareholders interested in exercising their rights, ensuring broad access to the offer.

The company encourages eligible shareholders to subscribe to 2 new ordinary shares for every 3 existing shares at a subscription price of N10 per share. This move is part of VFD Group's strategy to reinforce its capital base, support long-term growth, and enhance shareholder value.