Bonus issue for vitafoam, to receive 1unit for every 5 units owned. Has anyone received that and how does that work. Thanks guys
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Bonus issue for vitafoam, to receive 1unit for every 5 units owned. Has anyone received that and how does that work. Thanks guys
Yes — the bonus issue is real. Vitafoam Nigeria Plc approved: ✓ 1 bonus share for every 5 shares you own What Does “1 for 5” Actually Mean? Let’s make it practical. If you have: • 5 shares → you get 1 extra share • 10 shares → you get 2 extra shares • 100 shares → you get 20 extra shares Important PRead more
Yes — the bonus issue is real.
Vitafoam Nigeria Plc approved:
✓ 1 bonus share for every 5 shares you own
What Does “1 for 5” Actually Mean?
Let’s make it practical.
If you have:
• 5 shares → you get 1 extra share
• 10 shares → you get 2 extra shares
• 100 shares → you get 20 extra shares
Important Point
You are NOT paying money for these shares.
✓ They are FREE
The company is simply converting its profits into shares and giving you.
Who Will Receive It?
Not everybody.
Only investors who:
✓ held the shares on or before the qualification date (Feb 6, 2026) (Nairametrics)
So… Has It Been Received?
Here is the honest answer:
It depends on processing — not everyone sees it immediately.
Let Me Explain With a Simple Example
Imagine the government shares relief food.
They first:
• write names
• verify people
• distribute gradually
Some people receive early…
Others later.
Same thing here.
Oya… Relax Let Me Explain
After a bonus issue is approved:
Step 1: Allotment
The company calculates who qualifies.
Step 2: CSCS Credit
Your new shares are sent to:
Central Securities Clearing System
Step 3: Broker Update
Then your broker (like your app) updates your portfolio.
Why You May Not See It Yet
1. Processing Delay
Bonus shares don’t reflect instantly.
2. App Delay
Even after CSCS updates…
Your app may take time to show it.
3. Registrar Processing
Registrars handle the distribution before it reaches your account.
Very Important Thing You Must Understand
Bonus shares do NOT increase your money instantly.
Why?
Because:
• number of shares increases
• price usually adjusts downward
Example
Before:
• 5 shares × ₦100 = ₦500
After bonus:
• 6 shares × ~₦83 = still around ₦500
✓ So your total value stays roughly the same initially
Let Me Be Honest With You
Bonus issue is NOT “free money”
It is:
✓ increase in number of shares
✓ not immediate profit
What You Should Do Now
1. Check Your CSCS Statement
That is the real source of truth.
2. Wait Patiently
Processing can take:
• days to a few weeks
3. Contact Your Broker If It Delays Too Long
Ask:
• “Has my bonus share been credited from CSCS?”
Final Truth
Yes — the bonus is real.
Yes — you will receive it (if you qualified).
But:
✓ it may not show immediately
✓ and it does not mean instant profit
Let Me Leave You With This
When you hear “bonus shares”…
Don’t think:
• free money
Think:
✓ “more shares, same value (for now)”
Because real profit comes later…
when the company continues to grow.
Rose Ejituru
See lessYes — the Vitafoam Nigeria Plc 1-for-5 bonus issue is real and already approved, but many investors may not have received it yet because bonus shares usually take time to be credited. Here’s the clear explanation: What "1 for 5 Bonus Issue" Means If Vitafoam says: 1 for 5 bonus issue, it means: ForRead more
Yes — the Vitafoam Nigeria Plc 1-for-5 bonus issue is real and already approved, but many investors may not have received it yet because bonus shares usually take time to be credited.
Here’s the clear explanation:
What “1 for 5 Bonus Issue” Means
If Vitafoam says:
1 for 5 bonus issue, it means:
For every 5 shares you own
You get 1 extra share FREE
Example
If you own 5 shares → you get 1 bonus share
If you own 50 shares → you get 10 bonus shares
If you own 500 shares → you get 100 bonus shares
Your money is not deducted — it’s just extra shares added to your account.
Important Vitafoam Bonus Details
Bonus ratio: 1 new share for every 5 shares
Qualification date: 6 February 2026
Only shareholders who owned shares before that date qualify
Bonus shares come from retained earnings (not cash)
Have People Received It Yet?
Many investors may not receive immediately because:
Bonus shares usually follow this timeline:
Shareholders approve (done ✅)
Regulators approve (SEC + NGX)
Shares get allotted
Broker credits your account
This process can take 2–6 weeks (sometimes longer).
Why You May Not See It Yet
Possible reasons:
Still awaiting NGX approval
Registrar processing
Broker (like Bamboo, CSCS, etc.) still updating
Where It Will Show
Your bonus shares will appear:
Inside your broker app (Bamboo, Meristem, Afrinvest, etc.)
Or your CSCS statement
Good News
Once credited:
Your number of shares increases
Share price may adjust downward slightly (normal after bonus)
Example:
500 shares @ ₦100 = ₦50,000
After bonus (1:5):
600 shares @ ~₦83 ≈ still ₦50,000 (roughly)
So you’re not losing money — just more shares.
See less