VFD Group insiders, related parties mop up shares ahead of AGM 

A series of insider dealing disclosures filed with the Nigerian Exchange (NGX) between late April and mid-May 2026 reveal that directors, employees, and related parties of VFD Group Plc collectively acquired millions of ordinary shares in the investment company.

The trading activities came in the weeks leading up to its 10th Annual General Meeting (AGM), scheduled for Monday, May 25, 2026, all buying ahead of the dividend qualification date of May 4, 2026, and the AGM itself when the dividends are expected to be paid.

The statutory disclosures show a pattern of coordinated share accumulation across multiple tiers of the company from junior officers to senior management staff and subsidiary employees, suggesting confidence in the company.

What the data is saying: 

The largest single block of shares was acquired on May 13, 2026, when employees of VFD Group Plc purchased an aggregate of 3,150,000 ordinary shares at an aggregate price of N10.43 per share.

• On the same date, Chidoka Samuel, an employee of a subsidiary, mopped up an additional 1,947,000 ordinary shares at an aggregate price of N10.35 per share — bringing the combined acquisition on that single day to over 5 million shares.
• Earlier, on May 6, 2026, Victor Akpodiamu Opuoru, VFD’s Executive Manager for Operations, acquired 416,042 ordinary shares at an aggregate price of N10.35 per share — signalling executive-level conviction in the stock.
• On May 4, 2026 — the very day the company’s register closed for dividend qualification — Adenubi Jacob, a subsidiary officer, purchased 30,000 ordinary shares at an aggregate price of N10.70 per share, suggesting deliberate timing to capture the 25 kobo per share dividend recommended by the board.
• The trail of insider purchases (too numerous to capture) began around April 30, 2026, when Titilayo Paimo, a Risk Management Associate at VFD Group, bought 40,095 ordinary shares at an aggregate price of N10.35 per share.
• In aggregate, the disclosed transactions account for about 20.5 million ordinary shares acquired by insiders and related parties executed across about 40 trade deals, with transaction prices ranging from N10.35 to N10.70 per share.

All the transactions followed due process of the NGX insider trade guidelines and were disclosed accordingly.

 More insights: 

The 10th AGM, convened by notice dated April 28, 2026, and signed by Group Company Secretary Gbeminiyi Shoda, will transact both ordinary and special business.

• On ordinary business, shareholders are expected to receive and adopt the Audited Financial Statements for the year ended December 31, 2025, along with the reports of the Directors, Auditors, and the Audit Committee.
• They will formally vote to declare the 25 kobo per share dividend, consider the re-election of an Independent Non-Executive Director retiring by rotation.
• They will also vote to ratify the re-appointment of PricewaterhouseCoopers (PwC) as the company’s external auditor in line with Section 401 of the Companies and Allied Matters Act (CAMA) 2020.
• Directors are also seeking authority to fix the remuneration of the auditors, and members of the Statutory Audit Committee will be elected or re-elected under Section 404(3) of CAMA 2020.
• On special business, shareholders will vote on a resolution to fix the remuneration of Non-Executive Directors at N127,880,000 for the year ending December 31, 2026, effective January 1, 2026.
• Shareholders who cannot attend in person may follow proceedings via a live stream, the link for which will be published on the company’s website at www.vfdgroup.com.

Shareholders are additionally reminded to complete E-Dividend Mandate Forms to ensure all outstanding dividends are paid electronically, in line with a directive from the Securities and Exchange Commission (SEC).

What you should know: 

VFD Group Plc reported a pretax profit of N14.1 billion for FY 2025 on gross earnings of N88.35 billion — a 13.2% year-on-year increase and a 41.52% jump from a pretax profit of N10.01 billion in 2024.

• Net revenue climbed 16.41% to N75.42 billion, while operating profit grew 15.09% to N52.24 billion.
• Profit after tax settled at N9.7 billion following a tax expense of N4.4 billion, reflecting a 25.43% year-on-year increase.
• Earnings per share rose to 95 kobo from 82 kobo in 2024, while the board declared a 25 kobo per share final dividend, payable on May 25, 2026 — the same day as the AGM.
• On the balance sheet, total assets surged to N445.8 billion from N295.6 billion, while shareholders’ funds stood at N69.6 billion, with retained earnings of N16.7 billion — up 55.58% year-on-year.
• The stock price closed its last trading day (Friday, May 22, 2026) at N10.10 per share, recording a 1.9% drop from its previous closing price of N10.30. The stock began the year with a unit price of N11.00 but has since lost 8.18% off that price valuation.

VFD Group Plc is an investment company listed on the Nigerian Exchange (NGX), with interests spanning financial services, real estate, energy, technology, hospitality, telecommunications, and other sectors.