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HF finally hires firm to manage its share book

HF Group’s head office on Kenyatta Avenue in Nairobi. FILE PHOTO | NMG
HF Group’s head office on Kenyatta Avenue in Nairobi. FILE PHOTO | NMG 

HF Group #ticker:HFCK has outsourced share registry services to Comp-rite Kenya Ltd from next month.

Group managing director Frank Ireri said the home loans firm has all along been handling shares internally.

Most listed firms contract professionals to handle the sensitive register.

There are 16 Capital Markets Authority-licensed registrars who handle shares under the electronic register owned by the Central Depository and Settlement Corporation.

“We have decided to give experts their job to do,” said Mr Ireri.

HF Group which is listed on the Nairobi Securities Exchange #ticker:NSE (NSE) had 27,099 shareholders and a total of 349,381,667 shares as at December 31, 2016.

All shareholder related queries, including applications for registration of transfer of shares, immobilisation of shares and dividend enquiries should be lodged with Comp-rite Kenya Ltd.

All uncollected share certificates and dividend cheques will be collected from the new shares registrar.

The company announced it will surrender unclaimed dividend outstanding in its records for more than three years to the Unclaimed Financial Assets Authority.

“Kindly but urgently lodge any claim you may have with our shares department or any of our branches. Effective November 1, 2017, such claims should be lodged with the Shares Registrar, Comp-rite Kenya Ltd,” a public notice signed by the company’s secretary Regina Anyika indicated.