Kenya: Mess At NSE As CDSC Registrars Sends Dividend Cheques to Wrong Addresses

29 September 2015

Dividend cheques from the Nairobi Securities Exchange worth millions of shillings that were sent to the wrong recipients in "shareholders address mix-up" have been cancelled.

The CDSC Registrars , which manages all stock accounts on an online platform, blamed the error on a technical hitch that supposedly caused a mix-up of the address lists resulting in sending dividend cheques to the wrong addresses.

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