Regulatory Alerts2019-09-11
Unclaimed Dividends of Defunct Afribank Plc
The Securities and Exchange Commission directs shareholders of the defunct Afribank Plc to claim unclaimed dividends currently held in trust. Investors must contact Carnation Registrars to process their funds for payment. The Commission has further ordered Carnation Registrars and Meristem Trustees to address all genuine beneficiary claims without delay.
The Securities and Exchange Commission (“The Commission”) wishes to inform shareholders of the defunct Afribank Plc that unclaimed dividends by the bank are being held in trust on their behalf. Investors that have unclaimed dividends are therefore advised to contact Carnation Registrars to process their dividends for payment. The Commission has also directed Carnation Registrars and Meristem Trustees to ensure that all genuine claims of beneficiary shareholders be addressed forthwith. Signed Management August 30,2019