We are in the process of reducing the Companies Office number to 111,131,514
This number includes rebate shares that remain on issue. In the balance sheet they show as a current liability ($10.799m) – Members rebate shares. They are reported this way as the holders have the option to seek surrender of those shares at a fixed amount of $1 per share. They are eligible for dividends and patronage reward
The current split is:
Ordinary fully paid shares 99,321,983
Partly paid 1,056,891
Rebate 10,752,640