SEC Extends Free E-Dividend Registration Till February 28, 2018

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The SEC, in reviewing the progress of the e-Dividend Registration exercise, after the December 31, 2017 deadline, it was noted that there was still a great influx of shareholders desirous of mandating their Bank Accounts for payment of dividends electronically.

In light of the foregoing, the SEC, as part of its developmental role, has extended the period for the FREE e-Dividend registration exercise till February 28, 2018, to encourage more shareholders mandate their Bank Accounts.

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Accordingly, Shareholders that are yet to register should continue to approach their Banks or Registrars to mandate their Bank Accounts for the collection of their Dividends electronically, including unclaimed dividends, not exceeding 12 years of issue.