Shareholder Update From The Secretary
Resolution re Interest Payments
Votes for the resolution ‘The Society shall pay interest to shareholders for the year 2018/19 at 2% have been counted and the result is as follows:
80 Votes saying No to the resolution – they want the interest reinvesting in the pub.
6 Votes saying Yes – they want the interest to be paid
70 shareholders did not reply and were deemed to have abstained from the vote.
So, the motion was not carried and interest on shares will not be paid this year>