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Ownership Structure

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Fiji National Provident Fund as a strategic investor currently owns 58.2 per cent of the issued capital of ATH. FNPF is currently the dominant superannuation fund in Fiji. FNPF was established under the FNPF act in August 1966 to provide financial security to all workers in Fiji upon retirement.

FNPF has in excess of $2.3billion of funds under management and is the largest single source of long term funds in Fiji.

In its capacity as strategic investor, FNPF has certain special rights which are set out in ATH's Articles of Association.

The Government currently has a 39.3 per cent shareholding interest in ATH. Following the allocation of the Government's shares in ATH under the Public offer, the government will continue to hold a minimum 31 per cent shareholding in ATH for an undefined period. It is important to note that neither the Government nor FNPF guarantee the financial performance of the securities in the company.

Other institutional investors include Fijian Holdings Limited, Lomaiviti Provincial Council, Unit Trust of Fiji (Trustee Company) Limited, Yasana Holdings Limited and Yatu Lau Company Limited.
Last Updated ( Tuesday, 22 February 2011 14:17 )