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Buying & Selling shares in
Upper Yarra Community Enterprise Limited
1. If you wish to buy or sell shares you need to register your interest by emailing or posting a completed “Register your Interest” form to the Secretary, Geoff Vickers at admin@upperyarra.net.au or PO Box 434 Warburton 3799.
The form is available from the Warburton or Yarra Junction District Community Bank® branches or from the website: Click here to go to the Share Trading Website.
Note A – tick the box required on the form to ensure you understand the unique aspects of the model and the necessary privacy requirements.
Note B – Warnings on the site are given regarding security issues over emailing the form via the internet.
2. The Secretary will notify Bendigo Bank Web Services and your interest will be added to the Warburton & Yarra Junction District Community Bank® branches Trading Shares – Register of Interested Parties section on the website. This is a kind of electronic notice board for easy access by interested parties.
3. The Secretary will notify you via mail of the ID number of your registered interest.
4. The Secretary reviews the Register of Interest to identify potential buyers/sellers.
Note C – The Upper Yarra Community Enterrpise Ltd Board is not involved in setting the price of any share trade.
5. Interested investors are advised of possible counterparties by the Secretary and contact details are provided (this will only occur where consent is provided: see 1. Note A above).
6. You as the Buyer/Seller then contact the counterparty to negotiate the sale/purchase of shares.
7. The Buyer obtains the Share Purchase Form from the website or the branch and completes the details in conjunction with the seller and submits this to the Secretary for Upper Yarra Community Enterrpise Ltd Board approval (the Company Constitution is referenced).
8. The Board reviews the Share Purchase Form and approves/declines the trade. The Board then notifies the buyer and seller of their decision via mail.
9. If the trade receives Board approval, the Buyer pays the seller with no involvement from Upper Yarra Community Enterrpise Ltd. The Buyer lodges a Security Transfer Form (obtained from the website or the branch) with the Secretary.
10. On receipt of the Security Transfer Form, the Secretary arranges the issuing of a share certificate to the buyer.
Further information can be obtained by contacting
Geoff Vickers, Company Secretary - Upper Yarra Community Enterprise Limited on (03) 5966 9028
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