Adedapo Adesanya
By Adedapo Adesanya
An investment company, VFD Group Plc, has proposed the payment of N10.79 as a final dividend to its shareholders for the 2021 financial year.
This was disclosed by the company in a 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 organisation scheduled for Friday, May 13.
According to the investment firm, its AGM will hold at the Radisson Blu Anchorage Hotel, 1A Ozumba Mbadiwe Avenue, Victoria Island, Lagos by 11 a.m.
If the N10.79 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 put at Friday, April 29. This means only those who held the company’s shares as of this date will be eligible to receive the stipulated dividend payment.
The notice noted that the closure of the company’s register was from Monday, May 2, 2022, to Friday, May 6, 2022 (both dates inclusive).
At the close of trading at the NASD OTC bourse on Thursday, Business Post gathered that the company’s stock closed at N361.82 per unit, with no movement seen.
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.
