Regulatory Alerts2017-06-29
Extension of Deadline for Physical Dividend Warrants and Free e-Dividend Registration
The Nigerian Securities and Exchange Commission has extended the physical dividend warrant discontinuation deadline to December 31, 2017, and will continue underwriting e-Dividend enrollment costs until that date. This measure supports approximately 2.2 million registered investors and aims to curb unclaimed dividends by ensuring all accrued payments are credited directly to bank accounts. Market participants must complete their e-Dividend registration with bankers or registrars before the extended deadline to secure these electronic payment benefits.
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