sex hikayeleri interior desing escort fethiye escort denizli porno hikaye kredi kartı borç sorgulama sitesi yayında ziraatbank borç sorgulama
FIJI NEWS
September 07, 2012 12:00:00 AM
  Follow @ Twitter

Coca Cola Amatil (Fiji) Limited today purchased the 89.59 per cent shareholdings held by Foster’s Australia Limited in Fosters Group Pacific Limited (FGP).

The acquisition brings about a change in the substantial shareholder of FGP as well as the change of control of the company.

The transaction occurred by the way of special crossing of 9, 325, 000 shares at $11.65 per shares today so that the most recent trade price of FGP shares remained unchanged.

FAL now ceases to be a shareholder of FGP as the 9, 325, 000 shares traded reflects the total shareholding that was held by the company.

As part of the overall regulatory approval process, CCA Fiji Limited is now restricted by the Reserve Bank of Fiji (RBF) from acquiring any further shares in FGP without prior approval.

As a result, CCA has advised FGP that it does not currently intend to make any offer to the minority shareholders.

FGP is also restricted from delisting without approval from RBF.

SPSE has waived compliance which imposes a minimum shareholder spread requirement whereby a minimum of 20 percent  of the total issued shared must be owned by at least 50 members of the public.

FAL has been removed as the largest shareholders of FGP and has been replaced by CCA Fiji.

There are 20 shareholders of the securities of FGP.

The principal activities of FGP remains but senior management will be replaced by senior executive appointed by CCA Fiji.

By Ropate Valemei

Red Dress


PREVIOUS STORY
PSC rejects Catholic delegation's submission
NEXT STORY
Fosters Group appoints new directors

Post a Comment
Bookmark and Share

 


Posted Comments
No comments, but you can post the first comment!
   





Do you think enough is being done to address child sexual offences in Fiji?
 Yes
 No


Poll Results: Current | Previous

Do you think enough is being done to address child sexual offences in Fiji?
Yes
 0%
No
 100%



More Polls
Press Esc to close this window
BUSINESS
BSP pleads guilty for breaching ACTThe Bank of the South Pacific (BSP) today pleaded guilty to the charge of breaching the Trust Accounts Act.
SPORTS
Venue change for Inter District ChampionshipThe 2016 Courts Inter District Championship (IDC) will now be played at Suva’s ANZ Stadium as the initial venue- Lautoka’s Churchill Park will not be ready on time.
WORLD
Hayne appointed Global AmbassadorFormer NRL and NFL star Jarryd Hayne has been announced as a global ambassador for Fiji’s national carrier Fiji Airways.
TECHNOLOGY
Vodafone rolls out 4G+ mobile networkVodafone Fiji has rolled-out its new 4G LTE Advanced or 4G+ mobile network to its customers.
ENTERTAINMENT
Florence + The Machine to release songs from Final Fantasy XV gameThe Florence + The Machine has released a special collaboration recorded for the upcoming video game Final Fantasy XV.
FIJI NEWS
Govt aims to mordernise education systemThe Fijian Government is working with international partners to modernise the country’s approach to education, says Prime Minister Voreqe Bainimarama.
NEWS SPORTS INFOTAINMENT MOBILE HOT TOPICS FOLLOW US ON