In May 2019 shareholders voted unanimously to maintain Primary Wool Co-Operative’s 50% shareholding in CP Wool and also to make the constitutional change to back CP Wool’s five-year strategic plan.
To fund our part in this, your Primary Wool Co-Operative board – Janette, Bay and Hamish – started the long process of a capital raise programme.
This is going incredibly well with 50% of respondents paying their share allocation in full by 31 August and hundreds of other signing up to pay via a 15c/kg deduction from wool cheques.
We recognise the volatility of the industry at the moment and are motivated by your support. Thank you!
During the capital raise process, we’ve talked to many of you, asking what you’d like to see from your Co-Operative. This is what we heard over and over: