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RB PATEL GROUP LIMITED MARKET ANNOUNCEMENT

RB PATEL GROUP LIMITED MARKET ANNOUNCEMENT



RB Patel Group Limited (RBG) wishes to update the market regarding changes in directors on the company’s Board.

Mr Isiromi Bayemeyame who has been the director of the company since April 2008 has resigned from the company’s Board.

Company chairman, Mr Padam Lala acknowledged on behalf of the Board the valuable contribution made by Mr Bayameyame during his tenure.

Mr Malakai Naiyaga, managing director of BSP Life (Fiji) Ltd, has been appointed a director of the company.

Mr Lala said that he welcomed Mr Naiyaga on the company’s Board of Directors and looked forward to his contribution.

Mr Naiyaga holds a Bachelor of Arts Degree (majoring in Accounting and Economics) from the University of the South Pacific and a Post Graduate Diploma in Applied Finance from the Institute of Australia.

He has extensive experience in the insurance and banking sectors and has worked in various senior executive roles in Fiji, Australia and Indonesia with the Colonial Group and Commonwealth bank of Australia.

Mr Naiyaga also holds a number of directorships in companies within the BSP Group.

BSP Life (Fiji) Ltd owns 7.2% of the company’s shares after the recent acquisition of 2 million shares in RB Patel Group Ltd.

SPSE PRESS RELEASE

 


   
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