VFD Attains Substantial Shareholding Status in NGX Group
The Nigerian Exchange Group (NGX) Plc has informed the local bourse and the investing public that VFD Group has acquired more than five per cent of its 1.964 billion outstanding shares in the market.
Following a record increase in the numbers of shares purchased by VFD Group has attained substantial shareholding status, owning more than 5% of the NGX Group Plc.
VFD increased its shares in the NGX Group to 101,544,792 or 5.17 per cent of outstanding shares, according to a regulatory filing by the Nigerian Exchange Group Plc. Read: NASD Investors Gain as VFD Group Completes Rights Issue
“Further to the provisions of Rule 17.13 of the Rulebook of Nigerian Exchange Limited, we have been formally notified by VFD Group Plc that its total shareholding in Nigerian Exchange Group Plc stands at 5.17% of the issued share capital of NGX Group as of 16 February 2022”, it said.
Valued at N50.084 billion on Friday, NGX group share price ended the week at N25.50 after it shed 65 kobo with 1.964 billion outstanding shares. #VFD Attains Substantial Shareholding Status in NGX Group
