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Voluntary Suspension Of Fiji TV Shares

South Pacific Stock Exchange (SPSE) yesterday approved a request for a voluntary suspension made by Fiji Television. The suspension is based on a voluntary request by Fiji TV Board to
06 Feb 2015 09:51
Voluntary Suspension Of Fiji TV Shares

South Pacific Stock Exchange (SPSE) yesterday approved a request for a voluntary suspension made by Fiji Television.

The suspension is based on a voluntary request by Fiji TV Board to suspend the trading of its shares on February 5 and 6.

This was to allow for dissemination of information on the proposed divestment of Media Niugini Limited shares by Fiji TV.

SPSE chief executive, Jinita Prasad, said: “According to Section 7.6 of the SPSE Listing Rules, a listed company may seek a voluntary suspension in trading of its shares.

“This is if the company feels suspension in trading is required to protect the interest of its shareholders and to maintain an orderly market.”

Fiji TV Board chairman, Iowane Naiveli, said the proposed divestment of Media Niugini shares is complex is nature, hence, investors need to digest a lot of information prior to making an informed decision.

The voluntary suspension in Fiji TV shares would be uplifted before the normal trading session opens on Monday, February 9.

The licensed broker representatives will not be able to execute Fiji TV orders until the voluntary suspension is lifted.

 



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