Adedapo Adesanya
By Adedapo Adesanya
An investment company, VFD Group Plc, has adjusted the dates for its proposed payment of N10.79 final dividend to its shareholders for the 2021 financial year.
This was disclosed by the organisation in an updated notice to the NASD Over-the-Counter (OTC) Securities Exchange, where it trades its securities.
The payment will be subject to the approval of shareholders at the sixth Annual General Meeting (AGM) of the firm scheduled for Tuesday, May 31, which was previously fixed for Friday, May 13.
According to the investment company, its annual shareholders’ meeting will still hold at the Radisson Blu Anchorage Hotel, 1A Ozumba Mbadiwe Avenue, Victoria Island, Lagos by 11 a.m.
If the dividend payment is approved at the meeting, shareholders of the company will be credited on the payment date, which also coincides with the date of the AGM.
However, the qualification date for the dividend was moved from Friday, April 29 to Friday, May 13. This means only those who held the company’s shares as of this date will be eligible to receive the stipulated dividend payment.
The dividend comes with a 1:2 or 50 kobo bonus for holders.
The disclosure released on Wednesday noted that the new closure of the company’s register is from Monday, May 16, 2022, to Friday, May 20, 2022 (both dates inclusive).
At the close of trading at the NASD OTC bourse on Thursday, Business Post gathered that the share price of the company’s stocks closed flat at N351.03 per unit.
VFD Group Plc is an investment company with financial services arms including asset management, real estate, and financial technology.
The company’s principal line of business includes operating in major sectors of the economy through its portfolio businesses, providing financial advisory, asset management, real estate, technology, debt and private funds management services, hospitality, insurance brokerage, and media, identifying solution-driven, consumer-centric businesses with growth and economic potential.
