Nonso Okpala, managing director VFD Group |
“We have been formally notified by VFD Group Plc that its
total shareholding in Nigerian Exchange Group Plc (NGX Group) stands at 5.17%
of the issued share capital of NGX Group as at 16 February 2022,” the financial
services group announced Wednesday in conformity to a rule that compels listed
firms to make a formal disclosure once an investor’s stake reaches at least 5
per cent.
Efeturi Doghudje, head marketing and corporate
communications at VFD Group, did not immediately respond to calls and a text
message seeking comment.
The proprietary investment company holds 41 portfolio
investments across disparate sectors from financial services and energy to
health, real estate & hospitality.
With a seed capital of N2.5 million when it opened shop in
2009, its asset valuation now totals N107 billion.
NGX Group, which listed at N17.75 per share when it debuted
in October, has yielded 37.5 per cent ever since, , touching its all-time peak
last week at N26.50.
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