1st Registrars in custody of Partnership Inv. certificates

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Peter OBIORA
Proshare NI
May 14, 2009 at 18:24 GMT
 
First Registrars Nigeria Limited has been reported to be in custody of share certificates in respect of the year 2008 Private Placement (PP) of Partnership Investment Company Plc.
 
Victor Ogiemwonyi, Managing Director (MD) of the company confirmed this to Proshare NI to Proshare NI in a telephone chat today in Lagos Nigeria.
 
“We have since returned share certificate of investors who took part in our Placement; which we could not deliver to our Registrars, we collected them initially from First Registrars to dispatch to the shareholders; so I am not aware of this development, if anybody has not received, the person should go to First Registrars” Ogiemwonyi said.
 
This is coming on the heels of an e-mail received by Proshare as regards the Partnership Investment Placement from an investor Orikemi, Akeem, from Port Harcourt, Nigeria.
 
The mail reads thus:Sometimes last year, (1st quarter) to be precise I invested into Private Placement made by Partnership Investment and I was assured that they will be
listed by 2nd quarter of the same year. My requests are in two folds.

“Till date Partnership Investment is yet to be listed, Could you please help me find out where to go to obtain my share certificate of Partnership Investment.
 
I subscribed through UBA and when I made enquiries through them, what they told me was that all those that subscribed through them were allotted fully, But I am yet to receive my certificate up till now please help me to find out how to go about its receipt” the mail states.
 
As earlier reported by Proshare NI, Partnership investment issued a 100 percent (100%) allotment on the number of unit investors are requested and had planned to list its shares on the Floor of the Stock Exchange at N4.00 Kobo by middle of last year.
 
However, as at the time of filling in this Report, Proshare NI made attempts to clarify the share certificate issue from officials of First Registrars but was not successful.
 
Partnership Investment sought to raise N3.0 billion March 2008 and offered to investors 1.5 billion Ordinary Shares of 50 Kobo each at N2.00 per share. Joint Issuing Houses to Placement which is expected to conclude on the 31st of March, 2008 include UBA Global Markets, Ecobank Plc and FBN Capital Limited.
 
We would follow up on this development and furnish investors further information as regards the Partnership Investment Placement share certificates and listing of the company.

 

 

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