We are a 100% farmer-owned co-operative, committed to capturing the real value of wool, returning profits to members and supporting industry-good initiatives.
Request a copy of the application form.
You have questions? We have answers. If you don’t see your question here, please feel free to contact us.
As a shareholder, will I be kept informed of the results of the Co-Operative?
Absolutely. Each year you will be able to download, or request a copy of the comprehensive annual report containing the audited accounts. Those with current wool trading will also receive a rebate and shareholder statement to give to their accountant.
Can I buy shares via a deduction from my Wools of New Zealand LP wool cheque?
Yes you can. Please tick the appropriate box on the application form.
How do I contact the Directors or Secretary?
Say I stop farming. Can I cash in my shares?
Yes, you simply contact the Secretary to request your shares be redeemed. Our Constitution requires this to be at the discretion of the Directors therefore while redemption cannot be guaranteed and is dependent of the cashflow of the Cooperative.
What is the minimum shareholding?
The minimum shareholding is $1,000 (1,000 x $1 shares) but to maximise your cash rebate payment you should equate the number of shares purchased with the volume of wool expected to be auctioned through C P Wool in the ratio of 1 share for every 2kgs of wool.
For example, if you expect to sell 5,000kgs you should purchase 2,500 shares; if you expect to sell 25,000kgs you should purchase 12,500 shares. Where insufficient shares are held for the volume of wool sold, rebates are retained and converted to additional shares.
When are rebates paid?
Rebates are calculated after the end of each financial year and normally paid once all audit formalities have been completed.
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