Important Member Update - April 2020

In this section

Due to the exceptional times that we find ourselves in, our Society’s Board have taken the following decisions.

2020 Annual Members' Meeting

The 2020 Annual Members Meeting has been postponed until such time that it’s safe for our members and colleagues to come together.

At this stage, we can’t say when the meeting will take place, however we will let you know as soon as a new date is set.

Election Of Directors

It has been agreed to postpone holding the 2020 Board election until later in the year but no later than November 2020.Nominations received during the nomination period held in February/March this year will be carried forward. The nomination process will not be re-run for 2020.

 

Declaration/Distribution of a Dividend

Despite the postponement of the AMM, the Board have agreed not to delay the declaration and distribution of a dividend – which this year totals £2,131,000 (equating to 1.5% of qualifying spend during the 2019 financial year). Members will be asked to ratify this decision at the AMM when held.

Therefore, we are delighted to announce that the total dividend this year is £2.1M around 40% of our Co-op’s profits available for distribution for the last financial year. 

This year, we are giving members the option to donate some, or all, of their Dividend to the East of England Co-ops Community Cares Fund – enabling us to continue to support great causes during these unprecedented times.

Find out more here.