An application for the approval and listing of a proposed N50.7 billion rights issue has been submitted to the Nigerian Exchange (NGX) Limited by VFD Group Plc.
The request was filed by the company’s stockbrokers, Anchoria Securities Limited, TRW Stockbrokers Limited and ARM Securities Limited.
Business Post reports that the qualification date for the rights issue is Friday, August 8, 2025, a notice from Customs Street revealed.
The organisation intends to raise the funds from the exercise through the issuance of 5,067,396,400 ordinary shares of 50 Kobo each at N10.00 per unit on the basis of two new ordinary shares for every three (3) existing ordinary shares held as at the close of business on Friday, August 8, 2025.
“Trading license holders are hereby notified that VFD Group Plc has through its Stockbrokers, Anchoria Securities Limited, TRW Stockbrokers Limited and ARM Securities Limited, submitted an application to Nigerian Exchange Limited for the approval and listing of a rights issue of 5,067,396,400 ordinary shares of 50 Kobo each at N10.00 per share on the basis of two new ordinary shares for every three existing ordinary shares held as at the close of business on Friday, August 8, 2025.
“The qualification date for the rights issue is Friday, August 8, 2025,” the notice signed by Obioma Oge on behalf of the Head of Issuer Regulation Department read in full.