Difference between revisions of "User Share"
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By default, the [[User Share Fraction]] is: | By default, the [[User Share Fraction]] is: | ||
| − | * 0.5 in [[User Co-operatives]] and [[User-Owned Social Enterprises]] | + | * 0.5 in [[User Co-operative|User Co-operatives]] and [[User-Owned Social Enterprise|User-Owned Social Enterprises]] |
| − | * 0.35 in [[Social Co-operatives]] and [[Social Enterprises]] | + | * 0.35 in [[Social Co-operative|Social Co-operatives]] and [[Social Enterprise|Social Enterprises]] |
Revision as of 12:09, 22 June 2014
The User Share of Surplus is calculated using the User Share Fraction defined in Clause 40, and can only be changed by Special Resolution in General Meeting.
By default, the User Share Fraction is:
- 0.5 in User Co-operatives and User-Owned Social Enterprises
- 0.35 in Social Co-operatives and Social Enterprises
The User Share is calculated as follows:
[Surplus] x [User Share Fraction]
Each member's proportion of the User Share is allocated as follows:
[User Share] x (Member’s User Shareholding / All Issued User Shares).
For example, if the User Share is £11,000, and a member has 2 User Shares of 180 issued, their share would be:
11,000 x (2/180) = £122.22.
Return to the FairShares Glossary.
