The Nigerian Breweries Plc has published the names of over 100,000 shareholders who are yet to file and receive their dividends, categorizing them under the firm’s unclaimed dividend list.
According to a disclosure sent to the Nigerian Exchange Group Plc (NGX) and seen by Nairametrics, the list will be circulated to affected shareholders alongside the firm’s 2020 Annual Reports and Accounts.
In addition, the firm rationalized the cost-effective strategy of publishing the affected names on its website rather than print media, noting that it had to do so due to the high number of names involved (over 100,000)
Recall that the Companies and Allied Matters Act (CAMA) 1990 (revised 2020) had empowered companies to publish the list of unclaimed dividends with names of all intended beneficiaries. In this light, the recent disclosure by the Nigerian Breweries therefore validates an earlier claim of a surge in unclaimed dividend in Nigeria, estimated to be around N200 billion by an adhoc committee of the Nigerian House of Representatives.
Sequel to the notification, all affected shareholders’ are urged to visit the firm’s registrar (First Registrars and Investors Services Limited) to claim their dividends. The Registrar’s physical address and email are captured below;
Address: No 2 Abebe Village Road, Iganmu, Lagos State.
What you should know:
- Nigerian Breweries Plc had earlier reported a profit after tax of N7.53 billion in FY 2020 and subsequently declared a final dividend of 69kobo per share.
- In a bid to manage the high incidence of unclaimed dividends in Nigeria, the Federal Government of Nigeria through the Finance Act 2020 had proposed the establishment of an Unclaimed Dividend Trust Fund, which is to be managed by the Debt Management Office (DMO).
See link to the unclaimed dividend list of the company.