Employees for VFD Group Plc (NGX: VFDGROUP) and a related party to a subsidiary have sold millions of shares of the company on the Nigerian Exchange Limited.
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In a regulatory filing on Wednesday, the company informed the investing public that a total of 2,794,037 ordinary shares were sold in three transactions on Friday, 1st August, 2025.
Chimbo Obiaajum Francis, an employee of the company sold 600,000 shares at ₦14.00 per share, while Omoboboye Timilehin Samuel, also an employee sold 1,000,000 ordinary shares at ₦14.00 per share.
In a similar transaction, Processus Capital Ltd, a related party to a VFD Group subsidiary on the same day sold 1,194,037 ordinary shares at ₦14.00 per share.
Earlier in the year, VFD Group Plc had announced and subsequently allocated bonus shares to qualifying shareholders on the basis of 5 additional shares for every 1 share owned.
About the company
VFD Group Plc was incorporated on 7 July 2009 as a private limited liability company under the Companies and Allied Matters Act, CAP C20 LFN 2004. It commenced operations on 21 December 2010. Its name, formerly Viadaz FD Limited, was changed to VFD Group Limited by a special resolution of the Board on 1 February 2016. The change of name was registered at Corporate Affairs Commission on 14 March 2016.
The name of the Company was again changed to VFD Group Plc by a special resolution of the Board and with the authority of the Corporate Affairs Commission on 28 January 2019.
The principal activity of the Company is to carry on business as an investment company and for that purpose to acquire and hold either in its name or that of any nominee, shares, stocks, debentures and other securities issued by any company wherever incorporated. The principal activities of the subsidiaries cover real estate and hospitality, logistics and haulage, lending and technology services.
VFD Group Plc is domiciled in Nigeria and its registered address is at 8 Macgregor road, Ikoyi, Lagos
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
