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EFL urges more people to get shares

December 23, 2018 7:21 am

With over 130,000 Fijians qualifying to obtain free shares in Energy Fiji Limited, only 35,700 domestic users have applied.

Chief executive, Hasmukh Patel says they’d like to see more applications so that Fijians can benefit from the opportunity.

“The government has set this up so that all domestic account holders benefit and they become part of EFL and therefore there are some 85,000 customers who can still qualify and we are today urging all of them to come forward.”

South Pacific Stock Exchange, Chair, Dr Nur Bano Ali says those interested can contact their subsidiary Central Share Registry Limited as they are the newly appointed trustees for EFL.

“For those who haven’t picked up their shares at this point please come forward and you can contact Central Share Registry Limited. From here on we will be holding the registry for you to enable you to acquire those shares.”

EFL has non-voting shares worth $500 million and 5% has been allocated for those who are domestic users.