By CHATULA KANGALI –
The Copperbelt Energy Corporation (CEC) has urged its shareholders to claim dividends before transferring them to the Securities Exchange Commission (SEC).
CEC stated in its notice to shareholders posted by the Lusaka Securities Exchange (LuSE) that some of the dividend payments made by cheque have remained unclaimed by the intended shareholders.
According to the Securities Act, 41 of 2016, dividends that remain unclaimed for a period of 15 years from the date of declaration of dividend are liable to be transferred to SEC.
They are later deposited in an investor fund for purposes of investor protection and market development activities as provided by Section 158(3) of the Act.
“To this effect, shareholders are encouraged to claim their dividends from our transfer secretaries or directly from CEC’s offices before they are transferred to the SEC as stipulated by law, “the company stated.
CEC stated in the notice that the company consistently declared and paid dividends to its shareholders since it was listed  last year.
It stated that dividend payments were made either by cheque, and posted to shareholders’ respective registered addresses, or directly into the bank accounts of shareholders .

CEC urged its shareholders to verify with the institution if they received the dividends referred to.
The company  said shareholders doubting of having received the quoted dividend payment and those representative of a shareholder by power of attorney or order of administration of a deceased estate, should contact the company or its share transfer agents.