Uplifting of suspension in trading of FHL shares
30-Jul-2009 10:27 AM

The South Pacific Stock Exchange would like to inform investors and the general public that the suspension of trading of Fijian Holdings Limited (FHL) shares has been uplifted with immediate effect as a result of further clarification by the company on the queries raised by the Exchange regarding the corporate governance audit report.

The Exchange has received confirmation from FHL that its Board has established that there is no material information in its internal corporate governance audit report and that the extent of breach leading to the audit is not material.’

Trading of FHL shares had been suspended by the Exchange on Monday in order to ensure that all shareholders receive timely and accurate information and that an orderly market is maintained rather than a market driven by rumour and potentially ill-informed decisions. Shares in FHL could be traded from yesterday.

Under the continuous disclosure requirements of the Listing Rules, FHL and all listed companies have an obligation to release material information to the Exchange immediately.