Members set to share £2.1million in dividend
Over 147,000 members of the East of England Co-op can look forward to a share of a £2.1million dividend payment this year, following the recommendation from the independent retailer’s Board of Directors.
Approved at the East of England Co-op’s Annual Members’ Meeting, held on Saturday 12 May, members who attended the event also heard of impressive profits growth across their food, funeral and property businesses, following a year of investment in their colleagues, estate and technology.
Members met East of England Co-op Dementia Ambassador Jack Brock, a small pony who is helping to raise awareness in our region, as well as take part in a number of workshops. These included the opportunity to hear more about retailers 150 year history and how the business is performing, to the chance to meet local producers and learn more about the small things that are making a big difference to our local communities.
The meeting also included the results of the vote for the election of the Board Directors. This year saw 18 candidates stand for five available places on the Board. Frank Moxon and Karla Powell were appointed as new directors, with existing members Bev Perkins and Belinda Bulsing, and previous member Sally Chicken, winning re-election to the board.
The East of England Co-op said a fond farewell to President Clive Mann, Vice President Phil Hartwell and Director Celia Moore who have each come to the end of their term on the Board of Directors after many years of service. Later this month, the Board of Directors will come together to elect the new Society President and Vice President.
Members who are eligible for dividend will receive their payment by post starting this month. A full breakdown of the East of England Co-op’s audited figures is now available online at www.eastofengland.coop/Annualreport2018