Transmission of shares

Transmission of shares occurs by operation of law i.e when a shareholder dies or becomes bankrupt or mentally unstable and his share title is transferred.

Procedure for transmission of shares;

• The Personal representatives of the shareholder will obtain probate/Letters of Administration from the probate registry
• Notification of intention to either be member or transfer the shares to another person will be sent to the company attaching the following;
• A copy of the Death Certificate of the deceased shareholder.
• A copy of the probate or Letters of Administration.
• Original shares certificate of the deceased shareholder.
• A new certificate will be issued to the personal representatives of the deceased.

For Further inquiries;

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