Category Legal Affairs

Time running out for claiming free shares

17 June 2004 Rianet Whitehead

Mr Jerry van Niekerk, head of Old Mutual Client Services, who is also responsible for the Unclaimed Shares Trust, says there are 271,000 owners of 97 million shares who have still not claimed their shares.

At a share price of R12 each, this figure represents R1,16 billion which policyholders could convert into cash or add to their investment portfolios.

The Unclaimed Shares Trust is safe guarding the unclaimed shares to protect the interests of the qualified members, who may lose their money if the shares are not claimed before the deadline.

Those who qualify should phone 0861 61 9061 during office hours.

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