Investor FAQ

Our FAQ page is aimed at helping you find answers to many of your commonly asked questions.

Shareholders Complaint Management Policy

Africa Prudential is committed to providing high standards of services to its shareholders, as regards complaints management and resolution. This Policy only relates to the Company’s shareholders and does not extend to its employees, customers, suppliers or the stakeholders.
Read More

When does Africa Prudential Plc report its financial results?

Africa Prudential reports its quarterly results to the Nigerian Stock Exchange and Shareholders while its year end is 31st of December. The full report comes out on or before 31st of March every year.

How do I buy or sell Africa Prudential Plc shares?

Africa Prudential Plc’s shares can be bought and sold through any stock broking firm licensed by the Nigerian Stock Exchange.

When is Africa Prudential Plc's Annual General Meeting?

The annual general meeting holds at the end of each financial year.

Where are Africa Prudential Plc shares listed?

Africa Prudential Plc’s shares are listed on the floor of the Nigerian Stock Exchange.

Does Africa Prudential Plc pay dividends?

Yes, Africa Prudential pays dividend once it is recommended by its board of Directors.

When was Africa Prudential spun off from the bank UBA Plc?

It was legally spun off at a court ordered a meeting of shareholders of UBA Plc which was held on December 13, 2012, where a resolution was passed, granting the Company autonomy for competitiveness and profitability.

Can I receive my cash dividend directly into my bank account?

Yes, just fill an e-dividend mandate form. For more information, please contact cfc@africaprudential.com

What is the structure of Africa Prudential Plc issued share capital?

With effect from July 20, 2011, the nominal value of the shares of ₦1 each divided into shares of 50 Kobo each giving 1,000,000,000 ordinary shares of 50 Kobo in issue.

What is the position regarding taxing of dividends?

Dividends are taxed at the rate of 10% at source.

What is the basis for preparation of Africa Prudential Plc financial statements?

Whistleblowing Policy

Africa Prudential Plc is committed to the preservation of the integrity of the Nigerian Capital Market, digital technology space, and any other industry it may play in. In line with this commitment, this Whistleblowing Policy aims to provide an avenue for stakeholders (Shareholders, employees, regulators, investors, industry professionals, and the general public) to provide tips regarding activities/issues (unlawful, unfair and/or unauthorised activities and practices, abusive conduct, incomplete and/or inaccurate reporting, violations of Africa Prudential Plc, inter alia) within the capital market.

Safeguards

Confidentiality – Whistleblowing reports can be treated anonymously. However, the Company encourages whistleblowers to put their names so that appropriate follow-up questions and investigations would be handled properly.

All information received will be treated in strict confidence to the fullest extent possible. However, Africa Prudential Plc cannot guarantee that during the course of a related investigation or possible prosecution of the matter, that the identity of the whistleblower and relevant documents will not be revealed.

Harassment or victimization – The Company will not tolerate harassment or victimization for reporting concerns and shall take all necessary steps to protect any stakeholder that reports a concern in good faith.

 

How to File a Tip

To file a tip, please call any of the following lines. Our designated officer shall be on hand to investigate matters of concern to you, and other stakeholders that may be adversely affected.

Tel: 08129928752, 09020049049, E-mail:  whistleblowing@africaprudential.com

Additional Inquiries

Africa Prudential Plc may find it useful to contact you for the purposes of verifying the information provided and soliciting additional information.  It is also requested that you provide a brief summary of the activity/issue that:

  1. You believe to have taken place
  2. You believe may now be occurring
  3. You believe may be about to occur

To the extent possible, provide the names of the involved parties, their roles, and their relationships, with this matter (if any), and the time period or dates applicable to these events.

Financial statements are prepared according to the International Financial Reporting Standards (IFRS).

Shareholder Data Update Form

Kindly complete this form to receive regular updates about your investments