800-plus EFL stay to receive bonus payout
9 October, 2019, 9:09 pm
AROUND 813 staff from Energy Fiji Limited (EFL) will receive a bonus payout this Friday and next Monday as the company records a performance payout of $1.9million.
Attorney-General and the Minister for Economy Aiyaz Sayed-Khaiyum made this announcement today saying 70 per cent of this would go to the salary and wage earners, which was around $1.4million.
He said this year had been a momentous year for EFL as last year the company had a name change and in 2019, they got a new shareholder.
“So government now is not the only shareholder in EFL and all of you, in fact, have become shareholders again for a second time,” Mr Sayed-Khaiyum said.
“The way that it works is of course every single person that owns an electricity domestic account is a shareholder now.
“Those who earn less than $30,000 less than a year get 250 shares and those who earn more than $30,000 a year get 150 shares.”
He said people would soon be able to trade on those shares once it got listed on the stock exchange.
He said they had become a shareholder for a second time as the Fiji National Provident Fund had become a shareholder too.