Permanent Secretary at the Prime Minister’s Office Yogesh Karan is now a Director of Fijian Holdings Limited as a representative of the Class B shareholders.
FHL states that the ratification of Karan’s appointment as a Director representing Class A shareholders remained unresolved in the FHL AGM earlier this month.
This means that he is no longer a Director representing the Class A shareholders.
However a letter was received yesterday from the Minister for iTaukei Affairs nominating Yogesh Karan as a Director of FHL representing Class B shareholders and replacing Isikeli Tikoduadua.
The FHL board has accepted the nominee through a circular board resolution.
FHL says with this appointment, the board does not see the need for another Special General Meeting.
It says that the position in the FHL board for an A Class Director will remain vacant until the next AGM in October 2018.
Meanwhile the company says the share price for FHL remains at $5 for the last few weeks, highlighting shareholder confidence.
The Directors of FHL are Adrian Sofield as Chairman, Iowane Naiveli, Robert Lyon, Tony Whitton, Sakiusa Raivoce, Aisea Vosailagi, Yogesh Karan and Sanjit Patel.
