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.