BUA Cement Plc has issued a strong advisory to shareholders holding old or unclaimed share certificates and dividend warrants, urging them to take immediate action to validate and update their records as the company prepares to pay a ₦2.05 final dividend for the 2024 financial year.
In an amended corporate action announcement dated May 5, 2025, the company emphasized the importance of completing e-dividend registration ahead of the qualification date—July 3, 2025—to ensure seamless payment of entitlements. Shareholders who fail to comply risk being excluded from the distribution set for July 21, 2025.
The cement giant noted that unclaimed dividends and outdated share certificates remain a persistent issue, hampering efforts to modernize shareholder engagement and reduce administrative inefficiencies. “Shareholders with dividend warrants and share certificates that have remained unclaimed or are yet to be presented for payment or returned for validation are advised to complete the e-dividend registration or contact the Registrar,” the statement read.
As Nigeria’s capital market shifts further toward digital compliance, companies like BUA Cement are increasingly relying on automated systems to process shareholder payments. To this end, the company has provided links to the e-dividend mandate form on its website and that of its registrar, Africa Prudential Plc, urging shareholders to act promptly.
With a register closure window scheduled from July 4 to July 8, shareholders who have not completed the e-dividend mandate risk delays in accessing their dividends. The company’s Annual General Meeting (AGM) is also slated for July 21 at the Transcorp Hilton in Abuja, during which the final dividend is expected to receive shareholder approval.
Analysts note that as Nigeria’s retail investor base continues to grow, unclaimed dividends—estimated at over ₦200 billion industry-wide—pose a systemic risk to capital market confidence. Regulators have repeatedly called for increased shareholder education and modernization of record-keeping systems to tackle the issue.
