Investor Resources

The Annual Meeting of shareholders of MCB Group Ltd is usually held around November/December and as per legal requirement, not later than six months following end of the financial year. For financial year ended 30 June 2023, the meeting was held in November 2023.

Votes may still cast on all the resolutions, by completing and returning the proxy form to the MCB Group’s Registrar & Transfer Agent by the deadline therein.

No. This facility is currently not available.

No. The presentation made by the Group CEO, which provides an analysis of the Group’s performance over the past financial year, is uploaded thereafter in the ‘Events & Presentations’ section of the MCB Group’s online Investor Centre.

With its 185-year history, MCB Group has evolved into a prominent regional banking and financial services player, offering a comprehensive range of tailored and innovative solutions through its local and foreign subsidiaries and associates. Established since 1838, MCB Ltd is the former holding company of the Group. It became a subsidiary of MCB Group Limited in 2014 after a corporate restructuring exercise that gave rise to a new group structure (refer to section 1.5). MCB Ltd has cemented its position as the leading bank in Mauritius, in the process playing a key role in promoting the country’s socio-economic development. The Group has widened and deepened its international business and continues to deploy its underlying growth agenda across Africa by focusing on targeted market segments where it has built expertise over time. Leveraging a wide network of correspondent banks, MCB Ltd is actively involved in cross-border deals and transactions mainly in sub-Saharan Africa. The Group has also diversified its activities into the non-banking field, offering a comprehensive range of investor-related services namely stockbroking, corporate finance advisory, investment management, registrar & transfer agent and private equity financing as well as leasing, factoring and micro-finance services.

MCB Group has a domestic presence in Mauritius and in 11 countries abroad, namely through dedicated subsidiaries in Madagascar, Seychelles and Maldives, and its overseas associates, i.e. Banque Française Commerciale Océan Indien (BFCOI - operating in Réunion Island, Mayotte and Paris) and Société Générale Moçambique, as well as via the operation of the representative/Advisory offices of MCB Ltd in Johannesburg, Paris, Nairobi, Dubai and Nigeria.

Sir William Newton Street

Port Louis – Republic of Mauritius

Tel: (230) 202 5000 – Fax: (230) 208 0248

Email: [email protected]

Website: www.mcbgroup.com

MCB Registry & Securities Ltd 

Raymond Lamusse Building 

Sir William Newton Street 

Port Louis – Republic of Mauritius 

Tel: (230) 202 5640 

Email: [email protected] 

MCB Group Ltd acts as the ultimate holding company of the Group and the subsidiaries and associates thereof operate under three distinct clusters namely Banking, Non-Banking Financial and Other Investments. MCB Investment Holding Ltd, a wholly-owned subsidiary of MCB Group Ltd, is the holding company of all the banking investments of the Group, namely MCB Ltd and overseas banking subsidiaries and associates.

MCB Ltd, which accounted for a share of around 85% of the Group’s assets and 89% of the Group’s profits respectively as at 30 June 2023.

There were around 4,100 employees as at 30 June 2023.

MCB Group’s principles and commitments in terms of corporate governance are described in the ‘Corporate Governance’ section of the Annual Report of MCB Group Ltd, which is also available on MCB Group’s website.

Please refer to the ‘Board’ section on MCB Group’s website.

The credit ratings relate to MCB Ltd and are currently as follows: 

* Pertains to the servicing of financial obligations in Mauritius

MCB Group Ltd seeks to distribute around one third of its profits in the form of dividends.

Dividend history can be viewed in the ‘Shareholder Information’ section of MCB Group’s online Investor Centre.

Yes. Share certificate holders shall contact the MCB Group’s Registrar & Transfer Agent where relevant documents will need to be filled in. On the other hand, CDS account holders shall contact their broker.  

Any dividend enquiries shall be directed to the MCB Group’s Registrar & Transfer Agent.

An interim dividend of Rs 8.50 per Ordinary Share was declared in May 2023 and has been paid in July 2023. A final dividend of Rs 11.75 was declared in September 2023 and has been paid in December 2023.

Yes. As referred to in Section 5.4, all transactions need to be made via licensed brokers.

There is no withholding tax on dividends and no tax on capital gains. Foreign investors can freely repatriate revenue on sale of shares as there is no exchange control. According to the Securities (Investment by foreign investors) Rules 2013, foreign investors do not need approval to trade shares, except for the holding of more than 15% in a Mauritian sugar company.

'Cum-dividend' means the shares are entitled to dividends. Buyers who purchase shares in this state will receive the dividend when it is due. 

'Ex-dividend' means the shares come without the dividend. This means the buyer is not entitled to the latest declared dividend. Instead, the seller receives the dividend even though they do not hold the shares when the dividend is paid.

Yes. The Board of Directors of MCB Group Limited approved on 28th September 2021 a Scrip Dividend Scheme and the rules governing the Scheme. Under the Scheme, the ordinary shareholders of MCB Group will have the option of receiving their future dividends, or part thereof, by way of ordinary shares in MCB Group. More details can be found in the ‘Shareholder Information’ section on the MCB Group website on www.mcbgroup.com.

MCB Group’s financial year covers the period starting 1 July to 30 June.

MCB Group’s reporting currency is the Mauritian Rupee (local currency).

MCB Group’s financial statements are prepared in accordance with International Financial Reporting Standards and in compliance with the requirements of the Companies Act 2001.

Deloitte have been re-appointed as auditor in November 2023, until the next Annual Meeting of shareholders.

In accordance to MCB Group’s financial year which ends on the 30 June, full-year results are usually announced at the end of September. In addition, MCB Group reports interim results for the first, second and third quarter, within 45 days following the end of each interim quarter.

The indicative period for earnings releases are listed hereafter:

• Mid-November: Abridged Unaudited Financial Statements for the quarter ended 30 September;
• Mid-February: Abridged Unaudited Financial Statements for the semester ended 31 December;
• Mid-May: Abridged Unaudited Financial Statements for the nine months ended 31 March;
• End-September: Abridged Audited Financial Statements for the year ended 30 June.

Financial results are available in the ‘Financials & Annual Reports’ section of MCB Group’s online Investor Centre.

Following each quarterly results, earnings calls are organised. Moreover, the earnings call presentations are available on the MCB Group’s online Investor Centre in the ‘Financials & Annual Reports’ section. Besides, a document titled ‘Group Management Statement’, highlighting key features of the organisation’s financial performance for the period under review, is also available under ‘Financials & Annual Reports’ section on the MCB Group’s online Investor Centre.

Analyst meetings are organised twice yearly, i.e after half year and full year results, to create an avenue for analysts locally to discuss with Group executives with respect to the Group’s performance and progress on strategic initiatives.

Annual reports are available on MCB Group’s online Investor centre under the ‘Financials & Annual Reports’ section. To obtain a printed copy, please contact the MCB Group’s Registrar & Transfer Agent.

MCB Group’s online Investor Centre provides comprehensive information about the Group and its activities. It includes the latest Annual Report, Financial Statements, Group Management Statement and Investor Factsheet. In addition, the ‘Email alerts’ service on the MCB Group website enables subscribers to receive email notifications regarding corporate news updates.

Share certificate holders shall contact the MCB Group’s Registrar & Transfer Agent, while CDS (Central Depository & Settlement Co. Ltd) account holders shall contact their broker.

Any enquiries of this nature shall be directed to the MCB Group’s Registrar & Transfer Agent.

Daily share price (updated on a regular basis during the day) is available on MCB Group website. Besides, historical data since 2000 can be accessed on the MCB Group’s online Investor Centre in the ‘Shareholder Information’ section. For more information, please contact the Investor Relations Unit.

All transactions must be made via a licensed broker, a list of which is available on the website of the Stock Exchange of Mauritius Ltd. Besides, the MCB Group offers its own brokerage service through MCB Stockbrokers Ltd. Fees and commission will be applied when buying and selling shares.

Security holders shall either contact the MCB Group’s Registrar & Transfer Agent or their broker, for information regarding their shareholding. 

Furthermore, CDS account holders can register on the iNet portal of the Stock Exchange of Mauritius Ltd to view their account details.

If you have an account with MCB Stockbrokers Ltd and you are an MCB Group customer, then you can access details on MCB Group’s Internet Banking platform under the ‘My Investment’ icon.

If you have a CDS account, and provided you have given your email address, you shall receive monthly e-statements. Otherwise, you shall receive your statement twice a year or as and when transactions are effected, by post.

Moreover, the mySEM mobile application also allows you to have online access to your CDS account to monitor your account activity and account status.

Shares held by share certificate can be transferred by contacting the MCB Group’s Registrar & Transfer Agent, following completion of relevant documents. CDS account holders shall contact their broker.

The Notice of Meeting and Proxy form are sent to shareholders, 21 days prior to the Annual Meeting. In case of loss, please contact the MCB Group’s Registrar & Transfer Agent to obtain a Proxy Form.

Yes. As part of our commitment to protect the environment, MCB Group aims to reduce the number of printed copies of corporate documents by making them available on the MCB’s online Investor Centre.

If you opt to receive electronic communications, kindly complete the application form available on the MCB Group’s online Investor Centre and send it back to the MCB Group’s Registrar & Transfer Agent.

MCB Group has a broad and diversified shareholder base, with approximately 23,000 shareholders, comprising around 8.9% foreign shareholders as at 30 June 2023.

A breakdown of shareholders by type is provided in the following table.

Yes. The Group provides an employee share option scheme, which offers eligible employees the opportunity to acquire shares in the MCB Group Ltd. Under the scheme, employees are granted non-transferable options to buy MCB Group shares with up to a maximum of 25% of their annual performance bonus. The options, which can be exercised over a period of one year through four specific windows, carry a retention period of three years.

The shares of the Group are listed on the Official Market of the Stock Exchange of Mauritius Ltd (SEM) since 3 April 2014. However, MCB Ltd was the quoted company prior to the restructuring exercise and its shares were listed on SEM since its inception in 1989.

MCBG 

No. MCB Group Ltd trades only on the Official Market of the Stock Exchange of Mauritius Ltd. 

MCB Group Limited Security Symbol: MCBG.N0000 

MCB Group Limited ISIN: MU0424N00005

MCB Group Reuters Code: MCBG.MZ 

MCB Group Bloomberg Code: MCBG MP