Shares
Share in the wealth and have your say.
As a cooperative, we’re proudly 100% owned by our Members. This means that our Members, as shareholders, have the unique opportunity to grow their wealth through our success and actively participate in the governance of our great organisation.
Our shares are consistently valued at $1 per share in the local currency, and Members have the flexibility to purchase additional shares throughout their Capricorn membership.
Unlike publicly traded companies, our shares are not listed on the Australian Stock Exchange. They are exclusively available to our Members. As a public issuer of shares, all shares are issued under the Capricorn Prospectus.
A seat at the table
Becoming a shareholder empowers you to actively contribute to our Community and influence how Capricorn is run. This ensures that our decisions are always made with the Members' best interests in mind.
As a shareholder, you can make your voice heard by:
- Voting in Member Director Election for your zone
- Nominating yourself to become a Member Director
- Attending the Annual General Meeting, submitting questions, and voting on resolutions
Get involved and help shape the future of Capricorn!
Dividends
Being a shareholder also offers the opportunity to create additional wealth.
If Capricorn earns a profit in any financial year, that profit can be distributed to Members as a dividend. The Capricorn Board of Directors reviews the end of financial year results and signs off on any dividends. It’s important to note that we may or may not declare a dividend.
Dividends are calculated on the shares held as at 30 June each year. Shareholders can choose to have their dividend paid via direct credit or reinvested into additional shares through the Dividend Reinvestment Plan. If a dividend is declared, it is typically paid in late September.
Eligibility and Shareholder criteria
To become a shareholder, Members need to purchase 200 shares, each priced at $1. Members can also apply to purchase up to 2,500 additional shares per financial year.
For our New Zealand Members, shares can be purchased immediately upon joining.
In Australia, Members must complete a trial period of around six months before becoming shareholders. During this period, they need to:
- Operate a Trade Account
- Paying invoices on time
- Meet a minimum spend criteria
This ensures that our Shareholders are committed and aligned with our cooperative principles.
