First Milk have announced this week some changes to their member capital scheme.
A 13th payment of 0.25ppl will commence from April 2019 adjusted according to member’s capital holding v target
Capital contribution targets will be frozen at current levels;
Member shares will be able to be traded transparently via the Asset Match platform from December 2018.
First Milk believe this is a step towards giving confidence to members to grow as the business is actively looking for additional milk both from current members and through recruitment.
Anyone wishing more information on these changes, or to find out more about contracts on offer at First Milk, please contact 0141-847-6800