The Minimum Holding and Maximum Holding will continue to be determined based on a rolling three-season average (or relevant estimates where there is no average), as they are today.
We will still keep the 1:1 Share Standard, which has been a feature of our Co-op for many years, as it is.
Voting rights will stay as they are now – based on both milk supply and equity in our Co-op, at a ratio of 1 vote per 1,000 kgMS of share-backed supply in the previous season. This means they will reduce to the extent supplying shareholders choose to reduce their shareholding below the 1:1 Share Standard.
The total number of shares on issue in the Co-op is intended to be within +/- 15% of milk supply, to support alignment of total shares with total milk supply.