What is the minimum shareholding?
The minimum shareholding is $500 but to maximise your cash rebate payment you should equate the number of shares purchased with the volume of wool expected to be auctioned through Elders Primary Wool in the ratio of 1 share for every 5kgs of wool. For example, if you expect to sell 5,000kgs you should purchase 1,000 shares; if you expect to sell 25,000kgs you should purchase 5,000 shares. Where insufficient shares are held for the volume of wool sold, rebates are retained and converted to additional shares.

Can I buy shares via a deduction from my EPW wool cheque?
Yes you can. Please tick the appropriate box on the application form.

When are rebates paid?
Rebates are calculated after the end of each financial year (30 June) and normally paid once all audit formalities have been completed, just prior to Christmas.

Say I stop farming. Can I cash in my shares?
Yes, you simply contact the Secretary to request your shares be redeemed. Our Constitution requires this to be at the discretion of the Directors but redemption requests have always been honoured.

As a shareholder, will I be kept informed of the results of the Co-Operative?
Absolutely. Each year you will receive (or be able to download) a copy of the comprehensive annual report containing the audited accounts. Those with current wool trading will also receive a rebate and shareholder statement to give to their accountant.

If Bay de Lautour owns the majority of the shares, doesn't he have control?
It's true that Bay is the majority shareholder. However to stop this getting out of balance, the Constitution specifically states that every shareholder has one vote per share but the maximum number of votes is limited to 20,000 per shareholder.