We will introduce additional eligibility guidelines to set out criteria such as who will qualify as an associated shareholder.
The guiding principle will be that, because associated shareholders are not the supplier of milk to our Co-op under our Terms of Supply, they will only be eligible to own dry shares allocated to them by their supplying shareholder. These shares will not carry any votes given they will not be backed by milk supply.
You told us that providing pathways for future owners to become part of our Co-op is important to recognising the critical role they play in our industry.
By enabling farmers who are associated with a supplying shareholder to hold shares in our Co-op it will help support buy-side demand and liquidity in the farmer-only market.