Fiji: Carlton Brewery issues new share certificates
Carlton Brewery (Fiji) Limited shares were suspended from trading on the South Pacific Stock Exchange from Monday, June 6, and recommence trading as Foster's Group Pacific Limited on June 14. This follows the merger between Carlton Brewery and South Pacific Distilleries, in accordance with shareholders' resolution passed last month at its extraordinary general meeting.
On June 3, the company conducted a share split of its share capital on a one-to-five basis and the par value of each share reduced proportionately. "The company will issue to each of its shareholder during the week commencing June 6 a new share certificate reflecting the share split, the amended par value of each share and the company's new name -- Foster's Group Pacific Limited," said company secretary Alfred Chan.
"The new share certificates will replace all existing share certificates, which will become void immediately after the issue of new share certificates."
The company asked shareholders to forward all their old shares certificates to the company's head office at 122-164 Foster Road in Walu Bay as soon as possible for cancellation.
Carlton Brewery is promising better services and possibly cheaper drinks with the merge of Carlton Brewery Fiji Limited and South Pacific Distilleries.Richard Scully, director of Carlton Brewery, said the merge would put Fijian businesses in a better position to grow in the broader Asian Pacific market.
He said it would also reduce cost, increase efficiency and maximise profit.
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