Directors, employees, and related parties of VFD Group Plc collectively acquired millions of ordinary shares in the investment company in the weeks leading up to its 10th Annual General Meeting (AGM) scheduled for Monday, May 25, 2026. These trading activities occurred ahead of the dividend qualification date of May 4, 2026, and the AGM itself, when dividends are expected to be paid.

The statutory disclosures reveal 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's prospects.

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, acquired 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. 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.

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

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. 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 also vote to declare a 25 kobo per share dividend and consider the re-election of an Independent Non-Executive Director retiring by rotation.

Furthermore, shareholders will 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 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.

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.