Suspension lifted for Fiji Television Ltd
October 9, 2015 8:33 pm
The voluntary suspension of trading in Fiji Television Ltd shares has been lifted with immediate effect following the disclosure of relevant information relating to the sale of Sky Pacific at the company’s annual general meeting.
This was announced through the South Pacific Stock Exchange yesterday.
The suspension was applied to protect the interest of FTV shareholders/potential investors and to maintain an orderly market.
The status of Media Niugini Ltd and future operations of FTV was also discussed at the meeting.
The meet allowed for open and honest discussion with shareholders who are the owners of the company prior to the sale of Sky Pacific to Digicel (Fiji) Ltd which remains subject to the approval of the line Ministry.
South Pacific Stock Exchange chief executive Latileta Qoro said the exchange commends the agreed-upon presentations made by the Management Team of FTV at the AGM.