Shareholding Summary
Document Reference: VCP-SHS-001 Entity: FRANK-VIEW TRADES AND SERVICES LIMITED
1. Company Overview
VCashPoint is a private limited liability company duly registered under the laws of Nigeria, with a mission to build an innovative digital exchange and financial utility platform that aims to drive the future of cross-border digital finance.
This document outlines the authorized share structure and current share allocation as approved by the Board of Directors.
2. Authorized Share Capital
- Total Number of Shares Authorized: 125,000 Ordinary Shares
- Par Value per Share: ₦1,000,000 (One Million Naira Only)
- Total Share Capital Value: ₦125,000,000,000 (125 billion)
3. Share Classification
All shares are classified as Ordinary Shares, each carrying equal voting rights and entitlement to dividends, unless otherwise specified in the company’s Articles of Association.
4. Share Allocation Structure
| Category | Number of Shares | Ownership % | Remarks |
|---|---|---|---|
| 🏢 Company Reserve | 62,500 Shares | 50% | Retained for the founding team, future strategic allocations, or treasury holding. Subject to a 24-month lock-up period. |
| 📢 Marketing Reserve | 12,500 Shares | 10% | Reserved for advisors, brand ambassadors, partnership incentives, and community-driven campaigns. May be issued with vesting schedules. |
| 🌐 Private Placement | 50,000 Shares | 40% | Available for private subscription under the VCashPoint Private Share Offering (VCPSO-2025). Purchasers will enter into the standard Shareholder Agreement. |
| TOTAL | 125,000 Shares | 100% | Full allocation of authorized shares. |
5. Shareholder Rights
Holders of Ordinary Shares are entitled to:
- 🗳 One vote per share at all general meetings.
- 💰 Dividends as declared by the board, proportionate to their shareholding.
- 📄 Access to audited financial statements and shareholder updates.
- 🔄 Right of first refusal in future share issuances (unless waived by the board).
- 🛑 Tag-along/drag-along rights in the event of a majority sale of shares.
✍️ Authorized Signatories
| Name | Position |
|---|---|
| Mr Nnaemeka Frank Ike | CEO |
| ------------------ | Chairman, Board of Trustees |