Kontiki Finance To Hold First AGM Since Going Public
Kontiki Finance Limited (KFL) on October 12 will hold its first annual general meeting since going public in July this year, it has been announced.
The company’s 4th AGM of shareholders comes on the back off an announced net profit after tax of $5.36 million.
The company says the amount is an increase of 72 per cent from the previous year.
On the agenda will be the raising of $3 million in additional capital, according to a statement published by the South Pacific Stock Exchange (SPSE).
The company hopes to do this through “the issuing of additional ordinary shares with timing, terms and price to be determined by directors.”
The statement said: “The method by which the additional capital is to be raised will be determined in consultation with the regulators (i.e. SPSE and Reserve Bank of Fiji), and any regulatory approvals required will be obtained prior to the capital raising.”
