PROCEDURE FOR PURCHASE OF SHARES

We undertake the responsibility of purchase and sale of shares for our clients. The above functions are carried out under the following guidelines:

• Client completes SFC Mandate form.
• Mandate to Buy must include price limits where applicable or marked “market price” where client desires that purchases/sales be made at prevailing market price.
• The securities to be purchased together with the units must be clearly stated on the mandate.

• Customers of SFC
• Walk-in subscriber

• SFC customers may subscribe for public offerings/private placements by depositing a cheque or payment of cash for the credit of their account.
• The client will thereafter be required to complete an authority to debit form which purpose shall be the “consideration” for the securities so subscribed for.
• A duly completed subscription form must be submitted with the authority to debit form.
• Stockbroking unit ensure that the receipt issued to the client bears the purpose of the deposit.

Customers with credit balances may wish to utilize such balances to subscribe for a public offer. In this regard, the customer will be required to complete an authority to debit form which copy shall be forwarded to Financial Control by Stockbroking Operations.

• Stockbroking unit to meet with the subscriber, provide them with the subscription form and ensure that the forms are properly completed.
• Subscriber shall at the appropriate quarters as determined by the Company, an amount equivalent to the total value of share subscribed either in cheques/draft. Only draft/direct lodgement shall be collected one week to the closure of such offer.
• The standard procedure regarding collection of monies shall then apply.