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Kenya

Share registry invests in value addition

NAIROBI, Kenya, Jan 21 – As efforts to strengthen Kenya\’s equity markets continue to gain momentum, Custody and Registrars, a leading share registry and business process outsourcing firm has confirmed the finalisation of a project geared at delivering value added services.

With anticipated demand for electronic based services, the firm has invested heavily in Information Technology (IT) based solutions as part of a strategic plan to deliver cutting edge services.

"Custody and Registrars has covered very good ground in laying the groundwork for the adoption of electronic share registry management services to meet the increasing interest in these services," said Custody and Registrars General Manager Kerry-Ann Makatiani.

Speaking about the firm\’s ongoing capacity enhancement initiatives, Mrs Makatiani explained that the firm is now well positioned to support a wide range of electronic based share registry services.

"We have also noted the shift over the recent years to bonds, rights and bonus issues as companies recapitalise for business growth.   We are well equipped to actively support our clients through these business transactions as our operating systems and processes are robust," she said.

Among other elements, Custody and Registrars is now in a position to offer electronic annual reports and electronic management of shares accounts.

The firm has also enhanced the functionality of SharePower, a web based system that allows shareholders and listed companies to track and monitor their investments online and on their mobile phone.

The system comprises of various modules, features, functions and produces various reports such as enquiries, reporting and printouts further enhancing the clients\’ convenience.  

The GM added: "SharePower is a vital tool for listed companies and the investors. It provides issuers with access to monitor their registers\’ movements at any given time and extract any information on the shareholding structures, taxation positions, dividend history as well as free alerts of proceedings within the market."

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Shareholders will also receive alerts on their mobile phone on AGM\’s, dividend payment announcements. They will be able to track and monitor their shares anywhere, anytime in their own comfort.
 

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