EFL clarifies qualifications for shares registry
June 5, 2018 5:05 am
Energy Fiji Limited’s Acting Chief Executive Officer – Bobby Naimawi has clarified that not everyone will be entitled to the recent shares that are on offer.
Speaking before the Parliamentary Standing Committee on Public Accounts, Naimawi explained the requirements excluded a number of entities.
“So obviously a church cannot be a natural person so they won’t qualify for this shareholding. So you must be a natural person born in Fiji, you must be a citizen of Fiji and you must produce proof of citizenship either through your Voter Registration Card or passport. ”
Of the 49 percent of shares that are being divested by the government, five percent worth close to $700 million is being offered free to what’s been termed Mum and Dad account holders.
Naimawi told the committee that Fijians who qualify are been urged to register for the shares which will allow 250 shares to those account holders whose joint income is below or equal to $30,000.
For those whose joint incomes surpasses $30,000, 150 shares are being offered Free of Charge.
Meanwhile the deadline for EFL share registration was extended from the 31st of May until the 12th of June.