Public Notice on Validation of Investment Claims Against 53 Revoked Fund Management Companies

‘Ensuring Investor Protection’
THE SECURITIES AND EXCHANGE COMMISSION
Pursuant to Section 122 (2) of the Securities Industry Act, 2016 (Act 929), the Securities and Exchange Commission (SEC) on 8th November 2019 revoked the licences of 53 Fund Management Companies (“FMCs”). Following the revocation of the licences of these firms, SEC has, in accordance with Section 26 of Act 929, appointed an Agent to support in the closing down, securing the premises and records of these institutions. The Agent is also authorised to ascertain and validate details of investors and their investments with these institutions at the time of the revocation to facilitate the administration of the Government pay-out of a capped amount to affected investors. The SEC wishes to inform the general public that effective Monday, 18th November, 2019, the branches of Consolidated Bank of Ghana Limited (CBG) designated in Appendix ‘A’ will open to receive from clients of the affected FMCs, evidence of investment claims such as investment certificates, account statements, receipts and other relevant documentation for validation. Please note that the offices of the affected FMCs will remain closed until further notice. We will issue further notice on commencement of payment to investors whose claims have been validated. Investors are advised to visit the designated CBG branches assigned to the affected FMCs for validation of investments made and any other enquiries relating to the revocation of their affected FMCs. A mapped branch network of CBG branches to the offices of the affected Fund Management companies can be found in the
Appendix A.
Please note that the working hours for the CBG branches are from 8:30am to 4:30pm, Mondays to Fridays. Investors may send an email to the Agent at revocations@sec.gov.gh or call the following numbers for any clarification:
0302960197 / 8/ 9
0302960208 / 9 /10
0302960023 / 4
0302953518 / 9
BY ORDER OF
SECURITIES AND EXCHANGE COMMISSION
PUBLIC NOTICE ON VALIDATION OF INVESTMENT CLAIMS AGAINST THE 53 FUND MANAGEMENT COMPANIES WHOSE LICENCES HAVE BEEN REVOKED NOTICE NO. SEC/PN/013/11/2019

APPENDIX A: DESIGNATED CBG BRANCHES FOR CLAIM SUBMISSIONS
NAME OF FUND MANAGER FMC BRANCH CBG BRANCH 1 All Time Capital Ltd Dzorwulu Dzorwulu 2 Alpha Cap Securities Ltd Adabraka Adabraka 3 Apex Capital Partners Ltd East Legon East Legon 4 Axe Capital Advisors Ltd Amasaman Pokuase Sefwi Wiaso Asawinso Dunkwa- on - Offin Dunkwa Tarkwa Tarkwa 5 Beige Capital Ltd. East Legon South Legon 6 Brooks Asset Management Ltd. East Legon East Legon Asokwa, Kumasi Asokwa Takoradi Takoradi Market Circle 7 Cambridge Capital Advisors Ltd. Airport West Dzorwulu 8 Canal Capital Cantonments Labone 9 Corporate Hills Investment Ltd. Madina Madina Post Office 10 Dowjays Investment Limited Tesano Tesano 11 EM Capital Airport Residential Nester Square 12 Energy Investments Limited Spintex Road Spintex 13 Future PIP Mgt Ltd (Heritage Securities) East Legon American House Ho Ho 14 Galaxy Capital Ltd Labadi Trade Fair Centre, La 15 Global Investment & Financial Services Ltd. Kumasi Harper Road 16 Gold Coast Fund Management Ltd (now Blackshield Capital Management Ltd) Airport Residential Area Manet Towers Accra office (Regency) Shippers House Asylum Down Ridge Bolgatanga Bolgatanga Melcom Building Cape Coast University of Cape Coast Castle Road Castle Road Harbour Road Community 2, Tema Ho Ho Hohoe Ho

NAME OF FUND MANAGER FMC BRANCH CBG BRANCH KNUST KNUST Koforidua Koforidua Kumasi - Adum Adum Mankessim Winneba Obuasi Bantama Sunyani Sunyani Post Office Takoradi - Main (SSNIT) Takoradi Market Circle Tamale Tamale Hospital Road Tarkwa Tarkwa Tema Community 1, Tema Wa Wa 17 Gold Rock Capital Mgt Ltd Santaasi, Kumasi Bantama 18 Goldstreet Fund Mgt Ltd. Adum Harper Road, Kumasi 19 Integrity Fund Management Ltd Adum Adum 20 Kripa Capital Ltd. Haatso Atomic Roundabout 21 Kron Capital Ltd. Airport Residential Area Manet Towers 22 Legacy Financial Services Ltd Kumasi Harper Road, Kumasi Obuasi Bantama Osu Castle Road Takoradi Takoradi-Axim Road Tamale Tamale Hospital Road 23 Liberty Asset Management Tema Community 2, Tema Osu Oxford Street, Osu Takoradi Takoradi-Axim Road Kumasi Adum 24 LifeLine Asset Management Ltd Tesano Tesano 25 Mak Asset Mgt Madina Madina New Road 26 Man Capital Partners Ltd East Legon Atomic Junction Ho Ho Tamale Tamale Hospital Road 27 McOttley Capital Ltd Alajo Tesano Kumasi Adum

NAME OF FUND MANAGER FMC BRANCH CBG BRANCH Takoradi Takoradi Market Circle Tarkwa Tarkwa Tamale Tamale Hospital Road 28 MEC-Ellis Investments Ltd Osu Castle Road 29 Monarch Capital Ltd Abelenkpe Abeka 30 Mutual Integrity Assets Management Abeka Abeka Tarkwa Tarkwa 31 Nesst Capital Ltd Airport Nester Square 32 Nickel Keynesbury Ltd East Legon Atomic Junction 33 Nordea Capital Ltd Roman Ridge Dzorwulu 34 Omega Capital Limited Kanda Estates Kokomlemle 35 Procap Finance Company Ltd Dome Pillar 2 Dome 36 QFS Securities Ltd. Community. 11, Tema Community. 2, Tema 37 SGL Royal Kapita Ltd East Legon American House 38 Sirius Capital Ltd. Airport Residential Area Dzorwulu 39 Standard Securities Ltd (ASN Investments Limited) East Legon American House Kumasi Adum 40 Strategic Hedge Capital Limited Takoradi Takoradi Market Circle 41 Supreme Trust Capital Limited Sakumono Road Behind PS Global Sakumono 42 Tikowrie Capital Ltd. Airport Residential Area Nester Square 43 Ultimate Trust Fund Management Ltd. Lashibi Sakumono 44 UniSecurities Ltd Kanda Kokomlemle 45 Universal Capital Management Limited Adabraka Adabraka 46 Utrak Capital Management Ltd Asokwa Asokwa New Town Pig Farm 47 Wealth Vision Financial Services Ltd Tema Community 2, Tema 48 Weston Capital Ltd West Legon Atomic Roundabout 49 Fromfrom Capital Limited Tesano, Accra Tesano 50 Frontline Capital Advisors Limited Osu Castle Road Obuasi Bantama Kumasi Adum 51 FirstBanc Financial Services Limited Airport Residential Area Manet Towers 52 Ideal Capital Partners Limited East - Legon, Accra East Legon 53 Intermarket Asset Management Limited Ridge Ridge

APPENDIX B: VALIDATION PROCESS

1. Visit the assigned CBG branch with evidence
   of your investments.(Statements, investment certificates, valid ID card)
2. Ask for the Validation Desk
3. Follow instructions given by the staff at the
   Validation Desk to lodge your claims
4. Clients will be notified on when payments of
   Government's capped amount will commence.