As of today there are about 130,000 people who have qualified to become shareholders of Energy Fiji Limited.
This was revealed by Energy Fiji Limited CEO Hasmukh Patel while announcing Central Share Registry Limited as the trustee services provider for Energy Fiji Limited.
Patel says that in April there were around 127,000 people who were eligible to own shares.
He says that to become a shareholder for non-voting shares, people will have to be a Fiji citizen, reside permanently in Fiji and should have a domestic electricity account with them.
He adds that they are expecting the figure to rise.
Patel says that they have a total of 500 million shares where 5% of it has been allocated for non-voting shares.
Patel is encouraging people to buy shares which are currently $1.40 each.
Patel is also encouraging people who are renting to register their accounts under their name as this will allow them to be eligible to buy shares.
Patel says that it is tenants right to own their electricity accounts as they are the ones paying for it.
Meanwhile, Central Share Registry Limited CEO Krishika Narayan says that shareholders will be given share certificate once they buy shares.
She says that the information on the share certificate does not reflect a dollar value.
