On the Nigeria Exchange daily official list, VFD Group has listed an additional 63,342,445 ordinary shares of 50kobo per shares.
This was revealed in NGX weekly market report issued on Friday.
The shares listed on NGX arose from VFD’s rights issue of 63,342,455 ordinary shares of 50 Kobo each at N197.33 per share.
With the listing of the additional 63,342,455 ordinary shares, the total issued and fully paid-up shares of VFD have increased to 253,369,820 from 190,027,365.
Also, the Central Securities Clearing System Plc has appointed Nonso Okpala, the Group Managing Director/CEO of VFD Group, to its board.
After the appointment, okpala who sit on the board of NGX Group, now sits on the board of two companies vital to capital market activities in the country.
Under Okpala’s leadership, VFD Group, a proprietary investment company, has evolved from an initial capital of N2.5m to a company with assets now exceeding N200bn, with investments spanning over 40 businesses across various sectors of the Nigerian economy.
The firm stated that Okpala believed that attracting the continent’s youths to the capital market was essential for driving innovation and adaptability.
“His vision extends beyond traditional stock markets to advocate for the development of alternative exchanges and the integration of cutting-edge technology. By attracting young, tech-savvy individuals to the capital market, there is a significant opportunity to enhance efficiency, transparency, and accessibility.
“This infusion of innovation can catalyse growth not only in alternative exchanges but also benefit the traditional stock market by introducing new perspectives and methodologies,” part of the statement read.
