Kerry Co-Op Share Redemption
The Share redemption is a voluntary scheme that began in 2019 and has run twice yearly since. It was started to enable shareholders to liquidate some or all of their shares for cash.
As the Scheme is an Income tax event, it is advised that any shareholder wishing to avail of the scheme seeks independent accounting/tax advice prior to applying to the scheme. An application form once received in the office is binding.
The scheme is subject to 25% Dividend Withholding Tax (DWT) which is deducted from your redemption payment prior to you receiving your payment. This is in turn paid to the Revenue Commissioners on your behalf and is credited to your account. This may fulfil some or all of your tax liability.
There are a number of Exemptions to DWT which can be found here:
Residents | Non-Residents
If you are DWT exempt then you must include your completed exemption form with your application. More Information on DWT can be found on the Revenue website.
The Dates for the next Share Redemption scheme are as follows:
Share Redemption 10
Opening Tuesday the 10th of October
Closing Friday the 27th of October at 4pm
Opening Office hours are as follows:
Mon – Thursday 9am – 5.30pm
Friday 9am – 4pm
Closed for lunch 1 – 2pm
Application forms can be downloaded here or by clicking the button below and returned to the office between the dates mentioned above.
SRS Application Form
An application form will not be validated unless it is accompanied by the following items each time a shareholder avails of the scheme:
Valid Photographic ID – passport or driving licence.
Valid Proof of Address dated within 6 months – ESB bill, phone bill, bank statement, credit union statement etc…
Please make yourself aware of the Share Redemption Scheme Terms:
Terms & Conditions
Remember >>>No Share Certificate – No Redemption