Shares

Offer of Shares in Energy Fiji Limited

Time is running out to accept your free share offer from EFL!

As a reminder, the Fijian Government is offering free shares in Energy Fiji Limited (EFL) to all electricity domestic account holders who are Fijian citizens residing in Fiji.

Becoming a shareholder in EFL is a big financial opportunity. Based on the unaudited net asset value of EFL of $696 million, for the year ended 31st December 2017, the estimated notional value of each share would be approximately $1.40 per share.

‘That means the parcel of 150 shares being offered to non-subsidised customers is estimated to be valued at $210 and the parcel of 250 shares being offered to subsidised customers is estimated to be valued at $350’.

Our pre-paid customers who receive subsidies on their electricity bills also qualify to receive a parcel of 250 shares, which is worth approximately $350 based on the notional equity value of EFL.

We are very proud that we are offering an even larger parcel of 250 shares to subsidised customers.

EFL has sent Offer Letters, together with an Application Form, to domestic customers by post and e-mail with personal deliveries made to pre-paid customers.

Application Forms are also available through the EFL website at www.efl.com.fj/shares

All you need to do to accept this offer is to complete the Application Form and return it to EFL prior to 4:00pm on Tuesday 29th May 2018.

Applications can be submitted online at www.efl.com.fj/shares/apply-now; by e-mail at shares@efl.com.fj; by post to “Share Offer, Energy Fiji Ltd (EFL), Private Mail Bag, Suva”; or hand delivered to one of the EFL Temporary Customer Care Centres.

The value of these shares depends on the value of EFL and its future performance. The value of the shares will become more readily accessible once the shares are listed on the South Pacific Stock Exchange (SPSE).

We must note that the net asset value per share is only one form of valuation methodology and that the value of the shares may vary greatly from this amount and will depend on the future performance of EFL, the ability to trade the shares and the liquidity of the shares on the SPSE, the value of the voting rights of the ordinary shares of EFL, and many other factors.

The EFL Temporary Customer Care Centres that are accepting the applications for the registration of the Free Share offer are open on weekdays (Monday to Friday) from 9:00am to 6:00pm and weekends (Saturday & Sunday) from 9:00am to 4:00pm.

For questions, queries and clarifications, please contact EFL today on our toll-free number 1333, visit www.efl.com.fj or visit any EFL Temporary Customer Care Centre

Register Today!

Please click on the links below to read the offer letters, the offer document and the application form.

Applications can be submitted using one of the following means:

  1. Apply Online
  2. e-mailed to shares@efl.com.fj;
  3. by post to “Share Offer, Energy Fiji Limited, Private Mail Bag, Suva”; or
  4. hand delivered to one of the Temorary Customer Care Centres which will be set up by EFL.

Completed Applications must be received by no later than 4pm (Fiji time) on 29 May 2018.