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ABOUT US FAQ
  1. WHERE IS STARCOMMS PLC CORPORATE HEADQUARTERS LOCATED?
    52 Adetokunbo Ademola, Victoria Island, Lagos, Nigeria

  2. WHERE IS THE COMPANY INCORPORATED?
    Lagos, Nigeria

  3. WHEN DID STARCOMMS PLC GO PUBLIC?
    Starcomms became a Public limited Liability Company on the 14th of July

  4. WHEN IS STARCOMMS PLC's FISCAL YEAR?
    31 December

  5. HOW IS STARCOMMS PLC STOCK TRADED?
    Electronically on the Nigerian Stock Exchange (NSE)
    www.nigerianstockexchange.com

  6. DOES STARCOMMS PLC PAY DIVIDENDS?
    Until such time as Starcomms acquires distributable reserves, the Company will retain any future profits for investing in the growth and expansion of its business. When Starcomms has reached a position of having distributable reserves, it is currently anticipated that the Board of the Company will consider recommending the payment of dividends , but only after due and careful consideration of the Company’s funding requirements in respect of network quality, services and growth, and adequate provision having been made in respect of those requirements.

    Note: Payments to Holders of dividends or other distributions made to Holders on or in respect of the Deposited Shares are subject to deduction of any applicable Nigerian withholding and/or other taxes, at the applicable rates.

  7. WHAT IS THE CURRENT DIVIDEND RATE FOR STARCOMMS PLC COMMON STOCK?
    Zero.

  8. DOES STARCOMMS PLC OFFER DIRECT DEPOSIT OF DIVIDENDS?
    Such a service is possible if Starcomms pay dividends

  9. DOES STARCOMMS PLC HAVE A DIVIDEND REINVESTMENT PLAN AND HOW CAN I PARTICIPATE?
    Not at this time as Starcomms is not paying dividends.

  10. WHEN ARE DIVIDENDS PAID?
    Typically dividends are paid at the end of a fiscal year after the proposed dividend have been approved by the members in Annual General Meeting, which are held after the fiscal year ends, though the Company may pay interim dividend from time to time as the directors may recommend if it is suited by the profit and retained earnings position of the Company.

  11. WHEN WAS STARCOMMS PLC STOCK SPLIT?
    The company has yet to split its stock since becoming a public company.

  12. WHO WAS STARCOMMS BANKER(S) FOR LISTING?

    • MORGAN STANLEY
      • Damian Dolland

        Position: Executive Director
        Address: Morgan Stanley Investment Banking Division
        160 Jan Smuts Ave, Rosebank | SW Wing | Floor 01
        Johannesburg, 2196
        Phone: +27 11 507-0810
        Fax: +27 11 507-0820
    • CHAPEL HILL DENHAM
      • Biodun Ajayi
        Position: Corporate Finance
        Address: 5 Chapel Hill Advisory Partners Limited
        1st Floor, 45 Saka Tinubu Street
        Victoria Island
        Lagos,Nigeria.
        Phone: +234 1 2799563-4; +234 1 4610691-2;
        Fax: +234 1 2799562; +234 1 461069320
        Website: www.chapelhilldenham.com
    • STANBIC IBTC
      • Yewande Sadiku
        Position: Corporate Finance
        Address: Stanbic IBTC Bank PLC
        I.B.T.C. Place
        Walter Carrington Crescent
        Victoria Island
        Lagos, Nigeria
        Telephone +234.1.2626520, 2712400 ext 1127;
        Mobile +234 803 402 0099
        Fax: +234.1.2626541/2

  13. WHO IS STARCOMMS PLC TRANSFER AGENT?
    Chapel Hill Denham

  14. WHO DO I CONTACT WITH QUESTIONS ABOUT MY STOCK?
    Akeem Shadare
    Securities Trading Group,
    Chapel Hill Denham Management Limited,
    20th Floor, NECOM House,
    15 Marina,
    Lagos, Nigeria.

  15. HOW DO I TRANSFER STOCK, CHANGE THE ADDRESS ON MY SHAREHOLDER ACCOUNT, OR REPLACE A LOST STOCK CERTIFICATE?
    Generally, the modality for stock transfer will differ depending on whether a shareholder has dematerialized the stock by placing it in the custody of the CSCS in order to trade it on the floor of the exchange or not. If the shares have been dematerialized and are traded on the floor, transfer is done through an instruction to the broker to sell on behalf of the shareholder. The transferee may decide to retain the shares in its dematerialized form or fill a certificate request form and submit to the Company or its registrar to receive another certificate. Regardless of the shareholder’s preference, the Company shall update its register of members with the new shareholders name.

    On the other hand, if the shares are still in their material form and are not traded on the floor, then a stock transfer memo shall be done between the transferee and the transferor and forwarded together with the share certificate to the Registrar to process on behalf of the Company and enter the name of the transferee into the register of members of the Company.

    Changes of address on shareholders account or and/or replacement of lost share certificate can be done by filling the requisite form with the company or through its registrar.

  16. DOES STARCOMMS PLC HAVE A DIRECT STOCK PURCHASE PLAN?
    An investment service that allows individuals to purchase stock directly from a company or through a transfer agent. At this time the company does not have such a service.

  17. WHO IS STARCOMMS PLC's AUDITOR?
    KPMG Professional Services Nigeria
    DL: +234 1 461 3404
    Tel: +234 1 269 4660-4
    Fax: +234 1 269 1248

  18. WHO IS STARCOMMS PLC LEGAL COUNSEL?
    Bosun Hambolu
    bosunh@starcomms.com

  19. HOW MANY EMPLOYEES DOES STARCOMMS PLC HAVE?
    716 employees nationwide

  20. WHERE CAN I FIND OUT MORE ABOUT STARCOMMS PLC?

  21. WHERE CAN I GET THE LATEST CORPORATE NEWS RELEASES AND FINANCIAL REPORTS?

    • http://ir.starcomms.com

    • Financial Reports are published in two national newspapers when they have been approved by the NSE for release to the market

    • If you are part of the Starcomms IR email distribution list you will be notified as and when analyst reports are published.

  22. HOW CAN I VIEW DOCUMENTS STARCOMMS PLC HAS FILED WITH SECURITIES AND EXCHANGE COMMISSION(SEC), INCLUDING FORMS 10-K AND 10-Q?
    Nigeria does not have 10-k and 10-Qs; however the Nigerian equivalent can be obtained through the Nigerian SEC or through Starcomms.

    Nigeria companies are only required to send in to the NSE the unaudited quarterly financials within 45 days of quarter end and the annual audited financials within 90 days after year-end. These financials only need to comply with Nigerian GAAP.

  23. WHO MAKES UP THE STARCOMMS PLC EXECUTIVE MANAGEMENT TEAM AND BOARD OF DIRECTORS?

  24. HOW CAN I OBTAIN FURTHER INFORMATION OR MATERIALS ON STARCOMMS PLC?
    CSL Nigeria

    W: cslresearchandstrategy@firstcitygroup.com
    T: 234-1-2713925

    Afrinvest Nigeria
    A: Foreshore Towers, 12th Floor,
    2a, Osborne Road Ikoyi, Lagos.
    T: +234-1-2701680 Ext. 162
    F: +234-1-2694392
    W: www.afrinvestwa.com

    Africa Next
    T: +1 617 444 8426
    F: +1 617 812 0065
    W: www.africanext.com

    Morgan Stanley
    A: Dubai International Financial Centre
    Level 5, The Gate - West Wing, PO BOX 506501
    Floor 05,Dubai.
    T: Phone: +971 4 709-7120

  25. WHEN IS YOUR NEXT EARNINGS RELEASE SCHEDULED? HOW CAN I RECEIVE EMAIL UPDATES FOR THIS INFORMATION?
    The releases are subject to filing to and approval by the NSE prior to publications and this has to be received within 6 weeks of the end of the respective quarter.

  26. WHOM SHOULD I CONTACT REGARDING INVESTOR INQUIRIES?
    Omar Lababidi
    omarl@starcomms.com

  27. WHAT ANALYSTS TRACK STARCOMMS PLC AT THIS CURRENT TIME?
    Guy Zibi, Africa Next

    A: AfricaNext Investment Research, LLC
    T: +1 617 444 8426
    F: +1 617 812 0065
    W: www.africanext.com

    CSL Nigeria

    T: 234-1-2713925
    W: cslresearchandstrategy@firstcitygroup.com

    Afrinvest Nigeria
    A: Foreshore Towers, 12th Floor
    2a, Osborne Road Ikoyi, Lagos
    T: +234-1-2701680 Ext. 162
    F: +234-1-2694392
    W: www.afrinvestwa.com

  28. HOW CAN I OBTAIN A COPY OF YOUR ANNUAL REPORT AND PROXY?
    These shall be circulated to all members (shareholders whose names have entered the register of members) of the Company together with the notice of meeting of the Annual General Meeting.

  29. WHEN AND WHERE WILL STARCOMMS PLC's HOLD ITS NEXT ANNUAL MEETING?
    Time: To be decided
    Place: To be decided