The Central Share Registry Limited (CSRL) signed an agreement yesterday  with Energy Fiji Limited (EFL) to  provide  share registry  services for (EFL) shareholders.

The signing was at the EFL Board room in Suva.

CSRL is a wholly owned subsidiary of the South Pacific Stock Exchange Limited (SPSE) having started its operations in 2002 and is the first securities registry services provider to be established in Fiji.

Currently, CSRL provides share registry services for 16 out of the 19 listed companies as well as two unlisted companies in Fiji.

The Attorney-General and Minister for Economy, Public Enterprises, Civil Service and Communications, Aiyaz Sayed-Khaiyum, had recently announced the offer of free share’s by the Government of Fiji in EFL to all domestic electricity account holders who are Fijian citizens living in Fiji.

“A parcel of 150 shares is being offered to all non-subsidised EFL domestic customers while a parcel of 250 shares is being offered to all subsidised EFL domestic customers,” Mr Sayed-Khaiyum said.

CSRL chief executive Officer Krishika Narayan said: “This is a great achievement for CSRL which now has the opportunity to provide share registry services for a renowned company in Fiji.

“EFL now becomes the largest client company for CSRL in terms of shareholder base.

“Being the subsidiary company of the frontline regulator of Fiji’s stock market, South Pacific Stock Exchange, the services that CSRL provides to shareholders of our clients arefounded on investor protection, engagement and accountability.

“We are the only fully-dedicated share registry services provider in Fiji with years of experience which sets us apart as the market leader,” she said.

She highlighted that they continued to maintain scalability in  operations through the use of technology for ease of doing business in ensuring that its clients were able to concentrate on their core businesses with the comfort that the needs of their shareholders were well looked after.

Ms Narayan said the announcement made by the minister subsequently listed EFL on the SPSE platform was enthusiastically welcomed as EFL, which will become the first State-owned entity to undergo a corporatisation exercise to become a listed company on SPSE, which will ensure an increase in stock market participation of Fijians in the development of capital markets in Fiji.

Energy Fiji Limited’s chief executive officer Hasmukh Patel said: “This is indeed a proud occasion for Fijians, whereby they will be able to acquire shares in Energy Fiji Limited, the Government’s newest commercial company.”

Feedback:  maria.laqeta@fijisun.com.fj