The list of PZ Cussons’ shareholders who haven’t claimed their dividends has been made public, and it includes roughly 61,628 shareholders.
The Times reported that the company stated that the list was posted online rather than in newspapers because of the enormous number of shareholders who had unclaimed dividends, according to a corporate filing available on the NGX website.
It is highly recommended that impacted members get in touch with First Registrars & Investor Services Limited, the registrars.
They are asked to make sure that all of their records are up to date and to notify the Registrars of any updated information, most notably, the details of their bank account where dividend payments will be made.
The director general of the Securities and Exchange Commission, Lamido Yuguda, stated that unclaimed dividends in Nigeria were estimated to be worth N190 billion during a briefing held in August of this year for the 2nd Capital Market Committee.
Additionally, he mentioned that the SEC and NIBSS were collaborating to upgrade the electronic dividend portal.
“We are upgrading the e-dividend portal with NIBSS to restore investors’ dividends and reduce unclaimed dividends, and we reiterate that every person who has come to the capital market and invested money should be able to get his dividends as and when due, we are working very hard to ensure we reduce the number of unclaimed dividends,” the speaker stated.
The SEC’s Executive Commissioner of Operations, Dayo Obisan, lamented during the same meeting that some investors continued entering incorrect information despite efforts to encourage them to enter accurate bank information and claim their dividends.
PZ Cussons Nigeria Plc distributed approximately N4 billion in dividends to its shareholders in January 2023, with a dividend rate of N1.01/share.
The recently announced plans of PZ Cussons Nigeria Plc to go private and delist from the NGX have also brought the company into the spotlight.
PZ Cusson (Holding) Limited, the majority shareholder, had proposed a buyout price of N23 per share for the minority shareholders; however, the shareholders have not yet approved this.
This came about as a result of the shareholders rejecting the original offer price of N21 per share.
