Regulatory Alerts2019-05-31
Circular on Unclaimed Dividends of Defunct Skye Bank Plc
The Securities and Exchange Commission has directed Cardinalstone Registrars and STL Trustees to process unclaimed dividends held in trust for shareholders of the defunct Skye Bank Plc. Affected investors must contact Cardinalstone Registrars to submit genuine claims and receive their outstanding payments. The regulators mandated that all verified beneficiary requests be addressed immediately to ensure the timely distribution of withheld funds.
The Securities & Exchange Commission (‘’the Commission’’) wishes to inform shareholders of the defunct Skye Bank Plc that unclaimed dividends declared by the bank are being held in trust on their behalf. Investors that have unclaimed dividends are therefore advised to contact Cardinalstone Registrars to process their dividend payments. The Commission has also directed Cardinalstone Registrars and STL Trustees to ensure that all genuine claims of beneficiary shareholders be addressed forthwith. Signed Management May 30, 2019.