Circular: To All Capital Market Registrars on Return of Unclaimed Dividends of Fifteen (15) Months and Above to the Paying Companies
10/08/2015
RETURN OF UNCLAIMED DIVIDENDS OF FIFTEEN (15) MONTHS AND ABOVE TO THE PAYING COMPANIES
The Securities and Exchange Commission (SEC) hereby directs all Registrars of Public Companies to return all unclaimed dividends, which have been in their custody for fifteen (15) months and above, to the paying companies.
Registrars are required to file evidence of remittance with the Commission not later than June 30, 2015.
Please note that failure to comply with this directive shall attract appropriate sanctions without further recourse.
Signed:
Management