The Securities and Exchange Commission (SEC) has
reinforced its earlier directives to shareholders of defunct Skye bank to claim
their dividend payment.
This, the SEC said, was part of its investors’
protection programme designed to ensure shareholders get the benefits of
investing in the capital market.
According to the acting Director General of SEC,
Ms. Mary Uduk, in an interview in Abuja, the SEC recently released a circular
to shareholders of the defunct Skye bank to claim all outstanding dividends.
She said: “We have informed shareholders of the
defunct Skye bank that unclaimed dividends declared by the bank are being held
in trust on their behalf. This will further help reduce the volume of unclaimed
dividends in the market and boost investors’ confidence
“Investors that have unclaimed dividends are
therefore advised to contact Cardinalstone Registrars to process their dividend
payments.”
Uduk said the commission has also directed
Cardinalstone Registrars and STL Trustees to ensure that all genuine claims of
beneficiary shareholders are addressed forthwith.
The acting DG said since the company is no longer
in operation, these unclaimed dividends have to be made available to the
rightful owners that are the shareholders as that will go a long way in
boosting investors’ confidence in the market.
“They invested in a company, and since the company
has gone under, there is no reason why they should not have access to their
unclaimed dividends. That is why we are calling on them to take advantage of
this opportunity and claim their dividends,” Uduk stated.
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