Shareholders of VFD Group Plc, a leading proprietary investment company listed on the main board of the Nigerian Exchange (NGX), have approved the future plans of the board to raise N30 billion, just as they gave a nod to the recommendation of the board to issue a bonus.
Shareholders gave their approval at the 8th Annual General Meeting (AGM) of the Group on Thursday in Lagos, attended by shareholders, regulators, company directors, government representatives, and members of the media.
While the specific form of this capital raise, whether through debt or equity, will be disclosed in due course, this significant infusion will undoubtedly strengthen the financial position and support…
Source: Nigerian Tribune
