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Business News | Ugandans in the Diaspora Looking to Apply for the MTN IPO – Follow check list below to buy Shares!

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Posted November 2, 2021 by Ugandan Diaspora News Team in Business ~ 1,078 views

     


A.  Opening an SCD account

i. Ugandans with a valid National ID

·   Ugandans in the diaspora with a valid National ID can open an SCD account using USE’s Easy Portal platform, at https://scd.use.or.ug/

·   To open a SCD account online, be prepared to provide personal information so the broker can verify your identity. You may also need to arrange for electronic trading to your new SCD account. Gather the following items before you start the process:

o   Personal information: You need to provide personal details about yourself. So be prepared to give:

§  Your Name

§  Your date of birth

§  Government-issued ID (specifically national ID.) with the issue and expiration dates

o   Contact information: You need to provide your home address, phone number, and email address. physical address—where you actually live—but you can also give a post office box or the equivalent as a mailing address.

o   Funding information: You need to provide your Source of funds

o   Banking details: You are required to provide your bank, branch and account number however, in case you do not see branch select head office

o   Uploads: You will be required to upload your ID and passport photo

o   Choose a broker: You will be required to choose a broker from the options provided (click on the link provided for your broker to get to know more about them)

o   Consent to the terms and conditions

      ii.Ugandans without a National ID but with a valid Passport

·   In the instance where one does not have a National ID, they can engage one of the five Authorized Selling Agents to assist them in submitting a physical KYC form (Form SCD 1a) to which a valid copy of their Passport, and a copy of  their passport photo will be attached.

·   Once the SCD account is created. The applicant will be able to submit their application to purchase shares using the Easy Portal platform at https://scd.use.or.ug/ .

B.  Submitting an IPO application

·   All Ugandans in the diaspora with an existing SCD account can apply for shares through the USE’s Easy Portal platform, at https://scd.use.or.ug/ .

·        If the Easy Portal platform is inaccessible, applicants can engage a licensed broker to submit a physical application form.

C.  Incentive Shares

·        All Ugandans are eligible to receive 5 incentive shares for every 100 sale shares allocated.

  1. Non Ugandans – the rest of the world. clarify the incentive for EAC and non EAC

A.  Opening an SCD account

·       Non-Ugandans can open an SCD account through the USE’s Easy Portal platform, at https://scd.use.or.ug/. A copy of a valid passport will be required to create the SCD account. Kenyans, however, may submit a copy of a valid National ID.

·   If the Easy Portal platform is inaccessible, applicants can engage one of the five Authorized Selling Agents to assist them in submitting a physical KYC form (Form SCD 1a) to which a valid copy of their Passport, and a copy of their passport photo will be attached.

B.  Submitting an IPO application

·  All Foreigners with an existing SCD account can apply for shares through the USE’s Easy Portal platform, at https://scd.use.or.ug/  .

·  If the Easy Portal platform is inaccessible, applicants can engage a licensed broker to submit a physical application form.

C.  Incentive Shares

·   All EAC citizens are eligible to receive 5 incentive shares for every 100 sale shares allocated.

NO: CONTACT DETAILS:
1. SBG SECURITIES UGANDA LIMITED4th Floor, Crested Towers (Short Tower)17 Hannington Road,P.O. Box 7395,Kampala, Uganda Tel: 0312 224 972 / 0312 224 965Email: sbgqueries@stanbic.com
2.  CRESTED CAPITAL1st Floor Impala House Plot 13/15 Kimathi AveP. O. Box 31736,Kampala, UgandaOffice: 0393230900 Hotline: 0758230900 Email: info@crestedcapital.com
3.  DYER & BLAIR (U) LIMITEDGround Floor, Rwenzori House Plot 1 Lumumba AvenueP. O. Box 36620,Kampala, UgandaTel: 0414-233050, 0312-265469 Email: sharesuganda@dyerandblair.com
4. UAP FINANCIALS LIMITEDPlot 3-5 New Port Bell Road,2nd Floor 1st Tower,UAP Nakawa Business Park,P.O Box 20079 Nakawa (U)Tel: +256 414 332824 / +256 754 443788 Email: clientrelationsufs@uap-group.com
5. EQUITY STOCKBROKERS (U) LIMITEDPlot 6/6A Orient PlazaP. O. Box 3972,Kampala, UgandaTel: 0414-236012/3/4/5 Fax: 0414-348039 Email: equity@orient-bank.com 
6. BARODA CAPITAL MARKETS (U) LIMITEDPlot 1B Kampala RoadP.O BOX 7197,Kampala UgandaTel: 0414 237858 Fax: 0414 258263 Email: bcm.ug@bankofbaroda.com


About the Author

Ugandan Diaspora News Team

Ugandan Diaspora News Online is an independent, non political news portal primarily aimed at serving Ugandans who work and reside outside Uganda. Our aim is to be a one stop shop for everything Ugandan and the celebration of our Ugandan heritage.

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