Stock: Afrinvest Unveils New Product To Unlock Value For Unclaimed Entitlements | Independent Newspapers Limited
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Stock: Afrinvest Unveils New Product To Unlock Value For Unclaimed Entitlements

Posted: Jul 23, 2015 at 3:53 pm   /   by   /   comments (0)


By Bamidele Ogunwusi, Lagos

A broker dealer and member of the Nigerian Stock Exchange (NSE), Afrinvest Securities Limited (ASL), has introduced AfriTrack, a service designed to unlock the value of outstanding and unclaimed entitlements of investments in Nigeria quoted securities.

The service is targeted at High Networth Individuals (HNIs) and corporate executives, cooperative societies, estate account clients and busy executives.  AfriTrack is a combination of ancillary services bundled into a single service, for ease and convenience.

Managing Director of the company, Charles Egbunonwo, said the AfriTrack services involves reconciliation of client’s shareholding and investments as well as the recovery of all outstanding certificates, bonuses and dividend warrants.

Egbunonwo also said it is to help with recovery of return moneys on un-allotted public offer shares, dematerialisation of recovered share certificates, revalidation of expired dividend warrants and consolidation of multiple shareholding accounts.

To benefit from the AfriTrack services, Egbunonwo said: “Simply open a brokerage account with Afrinvest Securities Limited, fill out the AfriTrack application form, supply basic information on your investment portfolio and provide us with a mandate or authorization letter. We would then leverage on our cordial relationship with various company registrars to promptly reconcile actual shareholding against benefits and entitlements received.”