Over 63 Million Additional Shares Listed On NGX By VFD Group

By Clement Alphonsus
Nonso Okpala (Director/CEO of VFD Group)
Nonso Okpala (Director/CEO of VFD Group)

VFD Group has announced an additional 63,342,455 ordinary shares of 50 kobo each per share on the Daily Official List of the Nigerian Exchange Limited.

This was disclosed by the NGX in its weekly market report issued on Friday.

The additional shares listed on NGX was made from VFD’s rights issue of 63,342,455 ordinary shares of 50 Kobo each at N197.33 per share.

Following the listing of the additional 63,342,455 ordinary shares, the total issued and fully paid-up shares of VFD have increased from 190,027,365 to 253,369,820.

Meanwhile, the Central Securities Clearing System Plc has disclosed the appointment of the Group Managing Director/CEO of VFD Group, Nonso Okpala.

With this appointment, Okpala currently sits on the board of two companies vital to capital market activities in the country..

According to a statement from the firm, Okpala believed that attracting the continent’s youths to the capital market was essential for driving innovation and adaptability.

It said, “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."