Full Dematerialization Report as at date
November, 2016
Presentation
to
Capital Market Committee Meeting
Lagos
Full Dematerialization Report as at date
Full Dematerialization Report as at date
Introduction
:
The full dematerialization initiative
commenced in July 2015 arising from
SEC’s directive to all Registrar to work in
concert with CSCS.
We had 190 securities managed by
18 Registrars
Current Status
Current Status
Due to the commitment of the parties to the
initiative, we were able to overcome the
challenges: Reconciliation were done between the
Registrars and CSCS;
We have dematerialized 98.9%, translating to
187 securities successfully completed as at
October 2016.
STOKVIS Nigeria Plc was delisted from the
official list of the Nigerian Stock Exchange
which
reduced the total number of registers from
190 to 189.
The remaining 1.1% which represents two (2)
securities are being reconciled for issued share
capital discrepancies.
We are working with the affected two
registrars to ensure 100% full
dematerialization.
Registrars’ Performance On Full Demat As at Date
*
Total Registers Successfully Uploaded = 187
*Percentage of successful upload = 98.9%
Thank you
Thank you
This presentation showcases the full dematerialization status report as of November 2016, highlighting the successful completion of 98.9% dematerialization of securities by various registrars, overcoming challenges, and reaching a milestone in the capital market committee meeting in Lagos.
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Presentation Transcript
Full Dematerialization Report as at date November, 2016 Presentation to Capital Market Committee Meeting Lagos
Introduction: Schedule of Registrars Registrars The full dematerialization initiative commenced in July 2015 arising from SEC s directive to all Registrar to work in concert with CSCS. S/N No. Of Security 28 26 6 6 22 5 27 4 4 27 9 2 7 5 Africa Prudential Registrars Cardinalsonte Registrars EDC Registrars Mainstreet Registrar Meristem Registrars Veritas Registrars GTL Registrars Centurion Registrars Unity Registrars First Registrars Pace Registrars Flourmills Registrars United Securities Ltd Pac Registrars 1 2 3 4 5 6 7 8 9 10 11 12 13 14 We had 190 securities managed by 18 Registrars Apel Registrars Lighthouse Registrars DataMax Registrars 6 1 3 15 16 17 Allcrown Registrars 2 18 190
Current Status Due to the commitment of the parties to the initiative, we were able to overcome the challenges: Reconciliation were done between the Registrars and CSCS; Authorized share capital Data mismatch We have dematerialized 98.9%, translating to 187 securities successfully completed as at October 2016. File The Initial Challenges categorization Issued Share Capital STOKVIS Nigeria Plc was delisted from the official list of the Nigerian Stock Exchange which reduced the total number of registers from 190 to 189. Withdrawal of processed records The remaining 1.1% which represents two (2) securities are being reconciled for issued share capital discrepancies. We are working with the affected two registrars to ensure dematerialization. 100% full
Registrars Performance On Full Demat As at Date S/N REGISTRAR NO. OF REGISTER (S) NO. NO. NO. READY TO BE UPLOADED NO. % of REASON FOR REJECTION TURNED IN UPLOADED REJECTED successful Upload 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Africa Prudential Reg.Plc Cardinalstone Registrars EDC Registrars Ltd Mainstreet Registrars Ltd Meristem Registrars Ltd Veritas Registrars Ltd GTL Registrars Ltd Centurion Registrars Ltd Unity Registrars Ltd First Registrars Limited PACE Registrars Flour Mills Registrars Ltd United Securities Ltd Pac Registrars Ltd Apel Registrars Limited Lighthouse Securities Datamax Registrars Ltd Allcrown Registrars Ltd TOTAL 28 26 6 6 22 5 27 4 4 27 9 2 7 4 6 1 3 2 189 28 26 6 6 22 5 27 4 4 27 9 2 7 4 6 1 3 2 28 26 6 6 22 5 27 4 4 27 9 2 7 3 6 1 2 2 187 - - - - - - - - - - - - - - - - - - - - - - - - - 1 100% 100% 100.% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 75% 100% 100% 66.7% 100% - ISSUED SHARE CAP - - - - - - 1 - ISSUED SHARE CAP *Total Registers Successfully Uploaded = 187 *Percentage of successful upload = 98.9%
