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E-Dividend & Apel Capital FAQ

How do I activate e-dividend with Apel Capital?

To activate e-dividend with Apel Capital, obtain and complete their e-dividend mandate form, provide a valid ID, your bank account details, and CSCS account number. Submit the completed form to Apel Capital at [email protected]. Processing typically takes 5-10 working days.

How do I claim unclaimed dividends from Apel Capital?

Contact Apel Capital with proof of ownership for your shares in their managed companies (including International Breweries, NEM Insurance, Red Star Express), valid identification, and bank account details. Under SEC's 12-year directive, you can claim dividends going back up to 12 years.

Which companies does Apel Capital manage?

Apel Capital manages shareholder registers for 15 NGX-listed companies, including International Breweries, NEM Insurance, Red Star Express, SAHCOL.

What is an e-dividend mandate?

An e-dividend mandate is an authorization you give to your stock registrar to pay your dividends directly into your bank account instead of issuing physical dividend warrants. This is processed through the CSCS (Central Securities Clearing System) and ensures you receive your dividends promptly.

How do I activate e-dividend on my shares?

To activate e-dividend: 1) Obtain an e-dividend mandate form from your registrar or download it from their website. 2) Fill in your details including your CSCS account number, bank account details, and shareholding information. 3) Submit the completed form along with required documents (valid ID, bank statement) to your registrar. 4) Your registrar will process the mandate within 5-10 working days.

What documents do I need for e-dividend mandate activation?

You typically need: a completed e-dividend mandate form, a valid identification document (National ID, Driver's License, International Passport, or Voter's Card), your bank account statement or cancelled cheque, and your CSCS account number. Some registrars may require additional documentation.