Sun Insurance Company Limited (SUN) has announced a subsidy program for investors, covering trading fees on transactions involving up to 20,000 shares of SUN per shareholder identification number (SIN) during a specified promotion period.
Chairman Padam Lala indicated that this initiative, established in collaboration with the South Pacific Stock Exchange (SPX), aims to boost market participation. He explained that the company will fully cover all trading fees and broker commissions, ensuring that both buyers and sellers can engage in transactions without incurring any costs.
This effort is intended to stimulate investor interest and improve market liquidity, allowing traders to invest in Sun Insurance shares without facing any transaction fees throughout the promotional period. Lala also mentioned that the company reserves the right to end the incentive early, but will provide a three-day notice to inform participants.
This program, announced last Friday, will be effective from today, August 19, until September 27. Additionally, a total of 120 million shares of SUN Insurance were listed on the SPX board last Thursday, marking its debut as the 20th security on the exchange, after five years of no new listings, thus offering more choices for investors in Fiji.