The application window for Kerry Co-op’s share redemption scheme closed on Wednesday this week. Speaking to the Irish Farmers Journal, Kerry Co-op executive secretary Thomas Hunter McGowan said there had been a “very strong response” to the scheme from shareholders.
The application window for Kerry Co-op’s share redemption scheme closed on Wednesday this week.
Speaking to the Irish Farmers Journal, Kerry Co-op executive secretary Thomas Hunter McGowan said there had been a “very strong response” to the scheme from shareholders.
The majority of applications for the scheme are from shareholders with very small holdings in Kerry Co-op who are looking to redeem all their shares.
Roughly two-thirds of applications are from C shareholders, while the remainder have come from B shareholders.
Kerry Co-op shareholders will vote at the co-op’s AGM on 19 June on whether to approve this new scheme.
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