RPHCL Press Release (01/2022)
“FOR IMMEDIATE RELEASE”
Rewa Provincial Holdings Company Ltd successfully completed its 21st Annual General Meeting
Suva, 06 June, 2022
Rewa Provincial Company successfully completed its 21st Annual General Meeting on Saturday 04 June 2022 at the Suva Civic Conference Centre. In his address, the Board Chair Mr Nemani Buresova highlighted that “Fiji has slowly recovered from the impact of the Covid-19 pandemic and businesses are resetting their direction to be able to cope and adapt with the new normal. What that ‘new normal’ looks like differs from one company to another. For us, it means contingency planning and incorporation of the uncertainties around future events as a core consideration in decisions taken by the Board, the ability to harness the efficiencies that technology offers and a chance to relook at the way we have done business in the past and where necessary, to re-adapt to take advantage of new opportunities post-Covid”.
The AGM approved all of the resolutions on the agenda, including the:
1) the adoption of the audited financial statements for the year ended 31 December 2021 with the recommendation for payment of a dividend of 0.07c per share;
2) the re-election of three retiring Directors to serve for a further three years. The three Directors are Ro Filipe Tuisawau, Mr Paula Navunisaravi and Ms Wati Seeto (Independent Director)
In her closing remarks, the Marama Bale na Roko Tui Dreketi, Ro Teimumu Kepa advised shareholders that “the company is now well positioned for a positive growth trend. Despite the impact of Covid-19, shareholders can be assured that the Board will continue to play its part to steer the company in the right direction and in the best interest of its shareholders”. Ro Teimumu further added that “all our shareholders should continue to support the company in its growth strategies as highlighted during the AGM”.
The Rewa Provincial Holding Company Limited was established in 1992 as the commercial business arm of the vanua of Rewa and the people of Rewa. Rewa consists of nine districts. Property management is the principal business activity of the company and its main asset is the ten storey Ro Lalabalavu House on Victoria Parade currently leased to the Government of Fiji.
For further enquiries, please contact:
The Chief Executive Officer
Rewa Provincial Holdings Company Limited