Investor FAQs

We are commited to providing high standards of services.

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.

Frequently Asked Questions

APR 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.

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

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

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

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

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.

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

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

Akintola Williams Deloitte (Chartered Accountants)

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.

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

Introduction

This policy sets out the Company’s expectations   when   employees   or   any other   of   its   stakeholders   become   aware of circumstances which are not in compliance with any of the Company’s policies, laws,   external rules or regulation.

Policy Statement

The Directors and Management of Africa Prudential Plc are committed to making it an acceptable practice for shareholders, employees, consultants/contractors, suppliers and other stakeholders    of    the    communities    in which the Company operates to raise concerns about unethical conducts relating to the Company’s business by any director, shareholder, employee and consultant/ contractor.

Reportable Conducts

Illegal conduct:  Any conduct that contravenes the laws of the Federal Republic of Nigeria or applicable international laws.

Non-procedural conduct:

Any conduct that violates the Company’s established policies, rules, processes and practices.

Other ethics related policies or violation such as:

  • Insider dealing and illegal information brokerage;
  • Conflicts of interest and abuse of office,

Improper business conduct;

  • Misuse of physical and information assets;
  • Failure to comply with any legal obligations.
  • A miscarriage of justice
  • Fraud, financial irregularities and all forms of bribery and corruption.
  • Crime and any other unethical practice.

Any personal grievances experienced by an employee, which should be pursued through their respective line managers, should not be misconstrued as a matter for whistleblowing.

How to Raise Concern

As a first step, whistleblowers should raise concerns with their line managers or superiors. This however depends on the seriousness and sensitivity of the issues involved and who is thought to be involved in the malpractice.

Concerns can be raised in writing. Written concerns should set out the background and history of the concern, giving names, dates and places (if known). In order to ensure the confidentiality of any expression of concern it is suggested that a whistle blower sends the letter/written note in a sealed envelope addressed to the Internal Auditor and clearly marked as “Strictly Private and Confidential – To be opened by addressee only.”

Whistle blowers can also raise their concerns through the dedicated e-mail address: whistleblowing@africaprudential.com

Whistle blowers do not need to sign or give their names. However, where such is done, the Internal Auditor may exercise his/her discretion on whether to proceed with the investigation from an anonymous complaint.

Safeguards and Whistleblower Protection Africa Prudential Plc recognises that the decision to report a concern can be a difficult one to make, mainly because of the fear of reprisal from     those responsible for the alleged malpractice.

The Company, in its bid to drive the highest possible standards of transparency, probity and accountability will not tolerate harassment or victimisation of a whistle blower and will take action to protect any employee who raises a concern in good faith.

The Company will treat in strict confidence any concerns raised by employees and other stakeholders regarding actual or potential infraction.

The Company will also protect the identity of any persons who raise concerns and do not want their names disclosed.

The Company encourages whistle blowers to put their names to allegations.

Untrue Allegations

Any allegation made in good faith, but not confirmed on the investigation, carries no penalty. However, where an allegation is frivolous, malicious or for personal gain, disciplinary action may be taken against the whistle blower.

Applicability

The Whistle Blowing Policy is applicable to all of Africa Prudential Plc’s   employees, the    Board, Vendors, Clients or Business Partners, and any other stakeholder who has an interest in the Company.