FIJI NEWS | NATION

Naiyaga Appointed On Vision Investments Ltd Board

Mr Naiyaga has extensive work experience in banking, insurance, finance and management consultancy in Fiji and overseas.
06 Dec 2021 13:11
Naiyaga Appointed On Vision Investments Ltd Board
Malakai Naiyaga.

Alot of significant movements at Vision Investments Limited past week. It was reflected in the South Pacific Stock Exchange (SPX) movements.

With an extensive experience in the financial sector, Malakai Naiyaga was appointed as an independent director of the company in compliance with the Board composition rules specified in the SPX Listing Rules and the RBF Companies Corporate Governance Code.

The appointment is effective from January 1, 2022.

Mr Naiyaga has extensive work experience in banking, insurance, finance and management consultancy in Fiji and overseas.

Mr Naiyaga is vastly experienced and has held senior management positions in large organisations in Fiji and overseas.

Currently he is the Chairman and Director of number of companies including a public listed company.

More recently he held the position of Managing Director and CEO of the BSP Life Fiji for eight years to January 2019 and thereafter consultancy assignments with various organisations including the BSP Financial Group in the setup of its life insurance business in PNG.

 

Mr Naiyaga has also held Director positions in diverse sectors ranging from banking, retail, property development, finance, shipping and logistics, hospitality and medical care.

He was also the former Chairman of the South Pacific Stock Exchange.

Mr Naiyaga is a Chartered Accountant and member of the Fiji Institute of Accountants, Fellow of the Financial Services Institute of Australasia and a Graduate of the Australian Institute of Company Directors.
Mr Naiyaga will be an invaluable addition to the Board, considering his extensive experience in finance and business.

Change in substantial shareholdings

The company also disclosed to SPX in accordance with section 43 of the listing rules of a change in substantial shareholdings in the company.

On November 30, 2021, the four founder shareholders named above, sold 2,631,576 ordinary shares in the company to existing minority shareholder BSP Life (Fiji) Ltd at a price of $3.80 per ordinary share through the process of negotiated deals.

With this transaction BSP Life (Fiji) Ltd shareholding in the company increased from 6.70 per cent to 9.23 per cent, whilst the four founder shareholders collective shareholding in the company reduced from 62.11 per cent to 59.58 per cent.

 

Feedback: maraia.vula@fijisun.com.fj



Fijisun Ad Space


Get updates from the Fiji Sun, handpicked and delivered to your inbox.


By entering your email address you're giving us permission to send you news and offers. You can opt-out at any time.


Win Christmas with Tower Insurance
Fijisun E-edition
Advertise here
Fiji Sun Instagram
Subscribe-to-Newspaper