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SERVICES

Stock Broking

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SECONDARY MARKET ACTIVITIES

CHARGES AND FEES:

A). Buying of Shares - Requirements

  1. The investor fills the shareholder’s particular form (KYC).
  2. He signs the share transfer form (Buyer’s column).
  3. Gives his mandate to buy the desired/advised shares. Makes a deposit for the shares to be purchased.
  4. Collects receipt for the deposit.
  5. A Contact note is given to the investor, showing the Quantity, Price, charges and the Net value of the shares purchased.
  6. The balance, if any is paid by the investor.
  7. The investor calls periodically to know the state of his investment and seek professional advice on it.
  8. On request, the investor gets the statement of his shareholding monthly, quarterly or annually-this attracts a fee of N200.00
  9. Securities brokerage on the secondary market. This includes trading on behalf of clients and for the Company’s own account.

CHARGES/COMMISSIONS ON BUYING SHARES:

  1. Stockbroker’s Commission - 1.35%
  2. SEC Fees - 0.30%
  3. CSCS Trade Alert - 0.06%
  4. Stamp Duties/Vat - 0.1425%
  5. TOTAL CHARGES - 1.865%

NB: THE STATUTORY CHARGES AND COMMISSION ARE SUBJECT TO THE RULES AND REGULATIONS OF THE NIGERIAN STOCK EXCHANGE.

B) Selling of Shares - Requirements:

  1. The investor fills the shareholder’s particular form.
  2. He signs the share transfer form (Seller’s column).
  3. Gives his mandate to sell the desired/advised shares.
  4. The sales is settled after four (4days).
  5. A Contact note is given to the investor, showing the Quantity, Price, charges and the Net proceeds of the shares sold.
  6. A crossed cheque is issued after 4days of sale, in the name of the shareholder or,
  7. The proceeds is re-invested in another viable stock based on the investor’s choice or Stockbroker’s advice.
  8. The proceeds is re-invested in another viable stock based on the investor’s choice or Stockbroker’s advice.
  9. On request, the investor gets the statement of his shareholding monthly, quarterly or annually-this attracts a fee of N200.00

STATUTORY CHARGES/COMMISSIONS ON SELLING SHARES:

  1. Stockbroker’s Commission - 1.35%
  2. NSE Fees/Vat - 0.315%
  3. CSCS Fees/Vat - 0.378%
  4. Trade Alert - 0.06%
  5. Stamp Duties - 0.075%
  6. TOTAL CHARGES - 2.1856%

NB: THE STATUTORY CHARGES AND COMMISSIONS ARE SUBJECT TO THE RULES AND REGULATIONS OF THE NIGERIAN STOCK EXCHANGE.