Impact Housing Association

Improvement Through Action

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Please see below simple statement on the appointment of new Shareholders in line with our new Rules approved at the Annual General Meeting on 4th June 2018.

Shareholding Policy Statement

Under Rule C6.1 of the Association’s Constitution, only The Riverside Group Limited as Parent of the Association, and appointed members of the Association’s Board are entitled to be Shareholders. TRGL cannot be expelled as a Shareholder however Board Members can be expelled by the decision of a Special General Meeting or by a decision of the Parent.

Shareholding membership will cease upon retirement as a Board Member of the Association. Each Shareholder will be admitted and removed in line with the provisions of the Association’s Rules.

All “historical” shareholders (with the exception of Board members) admitted before 1st September 2017 will retain all their rights and responsibilities as Shareholders of the Association subject to the provisions of the new Rules.