Acting Prime Minister and Attorney General, Aiyaz Sayed‑Khaiyum presented the first batch of Energy Fiji Limited Non‑Voting Share Certificates to 50 customers in Nadi today.
This is after the Fijian Government made a call to offer free shares in EFL to all domestic electricity account holders who are Fijian citizens and residing in Fiji.
The Acting Prime Minister says people who come from low income households will be given more shares.
Sayed-Khaiyum says they believe in empowering people in the low economic scale and bring about the equality that never existed in Fiji before.
Approximately 40,000 customers have already registered.
Sayed-Khaiyum says people can hold on to the shares and continue to get dividends on it when the company makes a profit.
Becoming a shareholder in Energy Fiji Limited is an easy and good financial opportunity as the estimated value of each share would be approximately $1.40 per share. The parcel of 150 shares being offered to non‑subsidised customers is estimated to be valued at $210 and the parcel of 250 shares being offered to subsidized customers is estimated to be valued at $350.
However, the value of these shares depends on the value of Energy Fiji Limited and its future performance. The value of the shares will become more readily accessible once the shares are listed on the South Pacific Stock Exchange.
