FAQs

Africa is definitely rising on all fronts and investors frequently have questions on the go

Frequently Asked Questions

You can buy or sell shares through UBA Securities Limited. Please see their contact details below:
UBA Securities Limited
Customer Services
UBA House | 12th Floor
57, Marina
P. O. Box 2406,
Lagos, Nigeria
Email: ubastockbrokers@ubagroup.com
Telephone: +234-1-2808919
www.ubacapitalgroup.com

  • UBA’s financial year-end was originally March of each year. After the merger of UBA and STB, with effect from 1 August 2005, the bank’s financial year-end was changed to September. However, with the CBN policy on uniform year end, the reporting period is now December. In addition, UBA reports interim results of the group every three months to the Nigerian Stock Exchange and to shareholders in the Nigerian Press within 15 days after the expiration of the reporting period.

Currently UBA shares are listed on the floor of the Nigerian Stock Exchange. UBA also has an unlisted (Global Depository Receipt) programme currently administered by the Bank of New York Mellon

Yes you can. Kindly contact our registrars, Africa Prudential Registrars Limited to set this up. Please see their contact details below:
Business Development and Relationship
Management Unit
Africa Prudential Registrars Limited
220B, Ikorodu Road, Palmgrove
Lagos, Nigeria
Email: info@africaprudentialregistrars.com
Telephone: +234-1-4606460
www.africaprudentialregistrars.com

Any enquiries of this nature relating to your shareholding should be directed to the Registrars who can be contacted at the addressed below:
Relationship Management Unit
Africa Prudential Registrars Plc
220B, Ikorodu Road,
Palmgrove, Lagos.
Office: +234-1-8205521, DL:014606479,
Mobile: +234-802-372-1200
E-mail: info@africaprudentialregistrars.com
Website: www.africaprudentialregistrars.com

The merger between United Bank For Africa Plc and Standard Trust Bank Plc came into effect on 1 August 2005.

The current tax legislation requires that a withholding tax of 10% be deducted at source from all dividend payments.

With effect from 24 July 1991, UBA has one class of ordinary shares, denominated in 50 kobo each. Each share has the same voting rights at annual general meetings and other shareholder meetings.

UBA has paid dividends consistently on its ordinary shares every year. UBA’s board believes in rewarding shareholders for their continued support and resolves to paying dividends when the bank reports profits.

UBA’s financial statements are prepared in accordance with the International Financial Reporting Standards (IFRS), all relevant provisions of the Financial Reporting Council (FRC), as well as guidelines and circulars issued by the Central Bank of Nigeria (CBN) on the treatment of specific accounting issues.

Messrs PricewaterhouseCoopers (Chartered Accountants).

Any enquiries relating to the non-receipt of your dividend entitlement advice or dividend payment should be directed to the Registrars:
Relationship Management Unit
Africa Prudential Registrars Plc
220B, Ikorodu Road, Palmgrove, Lagos.
Office: +234-1-8205521, D/L:014606479,
Mobile: +234-802-372-1200
E-mail: info@africaprudentialregistrars.com
Website: www.africaprudentialregistrars.com

Dividends are declared in Nigerian Naira.

Two STB ordinary shares of 50 kobo each were exchanged for one UBA Ordinary share of 50 kobo each as contained in the scheme of merger approved by the shareholders.

The Annual General Meeting of UBA Plc holds at the of every financial year. The policy of UBA is to hold its AGM as soon as the financial results have been audited and approved by regulatory authorities. With the recent change in financial reporting period to December, it is expected that the AGM would hold between March and May of every year, barring all unforeseen circumstances.

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