CEC | Notice to Shareholders – Unclaimed Dividends
The Copperbelt Energy Corporation Plc (CEC) has consistently declared and paid dividends to its shareholders since it was listed on the Lusaka Securities Exchange (“LuSE”) in 2007. Dividend payments are made either by cheque, and posted to shareholders’ respective registered addresses, or directly into the bank accounts of those shareholders who have so instructed. Based on the information available to us, some of the dividend payments made by cheque remain unclaimed by the intended shareholders.
In terms of the Securities Act, No 41 of 2016 (“the Act”), dividends that remain unclaimed for a period of fifteen (15) years from the date of declaration of dividend are liable to be transferred to the Securities and Exchange Commission (SEC) and deposited in an investor fund for purposes of investor protection and market development activities as provided by Section 158(3) of the Act. To this effect, shareholders are encouraged to claim their dividends from our Transfer Secretaries or directly from CEC’s offices shown below before they are transferred to the SEC as stipulated by law.
To assist our shareholders with this process, listed below in reverse chronological order are details of the dividends paid by CEC to date:
| Date Paid | FY | Dividend Type | Dividend Rate – USD | Dividend Rate – ZMW |
| 6-Mar-17 | 2016 | Final | 0.012900 | 0.12800 |
| 7-Mar-16 | 2015 | Final | 0.010092 | 0.11360 |
| 2-Mar-15 | 2014 | Final | 0.008600 | 0.05530 |
| 26-Apr-13 | 2012 | Final | 0.004000 | 0.02000 |
| 12-Oct-12 | 2012 | Interim | 0.004000 | 0.03500 |
| 27-Apr-12 | 2011 | Final | 0.004000 | 0.02112 |
| 7-Oct-11 | 2011 | Interim | 0.008100 | 0.04000 |
| 15-Apr-11 | 2010 | Final | 0.004200 | 0.02000 |
| 15-Oct-10 | 2010 | Interim | 0.004000 | 0.02000 |
| 26-Mar-10 | 2009 | Final | 0.006000 | 0.02819 |
| 25-Sep-09 | 2009 | Interim | 0.006000 | 0.02892 |
| 3-Apr-09 | 2009 | Interim | 0.004000 | 0.02262 |
| 5-Sep-08 | 2008 | Interim | 0.008200 | 0.02958 |
| 7-Apr-08 | 2008 | Interim | 0.008000 | 0.02957 |
CEC urges all its shareholders to verify if they have received the dividends referred to above. If you as a shareholder is in doubt of ever having received the quoted dividend payment(s) or you are a representative of a shareholder by power of attorney or order of administration of a deceased estate, please contact CEC or our Share Transfer Agent, Corpserve, on the following details:
| Advisor -Investor Relations Copperbelt Energy Corporation Plc Headquarters, 23rd Avenue, P O Box 20819 Nkana East, Kitwe, Zambia Tel: +260 212 244281 Email: [email protected] Website: www.ceceinvestor.com |
Corpserve Transfer Agents Limited 6 Mwaleshi Road, Olympia Park P O Box 37522, Lusaka, Zambia Tel: +260 211 256969/70 Email: [email protected] |
Issued in Lusaka, Zambia on 23 February 2018
| Lusaka Securities Exchange Sponsoring Broker | |
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T: +260-211-232456
Stockbrokers Zambia Limited (SBZ) is a founder member of the Lusaka Securities Exchange and is regulated by the Securities and Exchange Commission of Zambia |
