Colgate-Palmolive to deposit unclaimed dividend amount to national kitty

Colgate-Palmolive to deposit unclaimed dividend amount to national kitty

KARACHI: Colgate-Palmolive (Pakistan) Limited has announced that it will deposit the amount of unclaimed shares and unpaid dividend to the national kitty.

In a notification sent to Pakistan Stock Exchange (PSX), the company said that the details of shares of the company dividend declared were displayed on its official website.

It said that notices were sent by registered post on the last known addresses of the shareholders to submit their claims within three months to the company, but no reply were received, except few.

The company again invited claims from the shareholders to be lodged within 90 days from January 16, 2019.

“In case no claim is received within the given period from the notice, the company shall proceed to deposit the unclaimed shares and unpaid dividend amount with the federal government pursuant to … the Section 244 of Companies Act, 2017,” it added.

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