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The cooperative capital is unlimited. In order to raise the necessary funds, cooperative shares are issued, but no certificates are issued. The value of a share is 100 (at the value of CHF in the year 2000, i.e. value-secured). They can be purchased at a discount price of 80 to 88. The amount above 80 is a risk of loss contribution. Initially a discount price of 60 is possible for founding members. |
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Main shares The maximum number of shares is 1000 per member, but unlimited for founding members and affiliated organizations. Positions of natural persons are freely transferable and inheritable. Com-shares Unlimited number, intended for the capital provision to certain member companies. They can be converted to main shares anytime, up to the limit. Positions of natural persons are freely transferable and inheritable. Color shares Limited number per member, they are non-transferable and cannot be converted. |
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Closure or termination of positions of shares A position can be terminated by the cooperative anytime by credits of total 100 per share. A position can be closed by the member anytime. The redemption price can range from minimum 50 to 100, depending on the repayment rate. The closure of a position may result in a loss for which the cooperative is not liable, excluding legal remedies. |
• Operational costs and marketing, at most 4%; • Capital provision for active member companies; • Reserves, up to 25% of the capital in precious metals; The net profit is included in the cooperative's assets, with reserves to be formed. The redemption of shares may result in a share of the profit. However, there is no distribution to cooperative members until the cooperative is dissolved. |
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