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Old 19 Jan 15, 02:19 PM  
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#26
A&S&O
Apprentice Imagineer
 
Join Date: Jan 10
Originally Posted by kempydee View Post
I've only got 20 shares - so my dilemma is - can I buy the 80 shares needed to renew my membership or will I be classed as a new member and therefore have to wait to see what the new terms are.
I'm going Feb half term but shouldn't think I will have it sorted by then!
Once the mechanism has been worked out, you should be able to buy 9 shares for every 1 that you have currently at the reduced 1 euro rate. That would give you 200 shares in total, which would be enough to renew (if they count it as a renewal), but probably not enough for you (or anyone) to take out a new membership.
It all depends on whether they let you renew or count you as a new member. Only the person that processes renewals can answer that, and from what I've read, it may vary depending on who is doing the processing.

Figures of 900 - 1000 shares being needed have been mentioned for people wanting to become new members, but I've not seen anything official. I think that amount (around 1000 euros worth) is in line with the original amount that people had to invest to become members of the Shareholders Club when it originally started.
The drop in the share price and people's income over the last few years meant that people were able to join for around 90 euros.
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