MTSL holding road show nationwide

THE Melanesian Trustee Services Ltd (MTSL), the trustee of Pacific Balance Fund (MTSL), is preparing for a nationwide road show next month, according to chief executive Kennedy Wemin.
Wemin said: “PBF is in its final leg towards opening up for share trading.
“All that is remaining is to finalise unit holder records in the share registry and the adoption of the 2012 audits, all of which we aim to complete by middle of next month.”
In 2012, an initial road show took place to encourage citizens who may have had knowledge of friends and relatives who purchased shares from the Investment Corporation of PNG in the 1970s and 1980s.
Wemin said the purpose of this revisit was to update unit holders’ records in the share registry system and inform unit holders of the progress and status of the Fund.
Since 2012, the Fund has updated and verified 75% of the total PBF units on issue.
The remaining 25% was expected to be verified during this road show.
This year’s road show would be targeting those unit holders who purchased 1,000 units or more.
According to the fund management, unit holders were required to provide original Investment Corporation PNG share certificates, ID cards, driver’s licences, payslips, passports, statutory declarations and or confirmation letters from pastors or employers to be able to be verified.
Wemin said: “This exercise will assist unit holders to have their Investment Corporation share certificates transferred to Pacific Balanced Fund certificates to become eligible for the 2003-09 dividend payments.”