Ordinary Shares
Overview
Ordinary Shares represent ownership in Financial Partners Savings and Loans Cooperative Society. By subscribing to ordinary shares, investors become members of the cooperative and participate in its governance and long-term growth.
Ordinary shareholders are entitled to dividends when the institution records profits and after all preference shareholders have been settled, in accordance with regulatory requirements and Board approval.
Key Terms
- Face value: 10,000 FCFA per share
- Issue price: 10,000 FCFA per share
- Minimum shares: 10 shares to qualify as a full ordinary shareholder
- Maximum shares: 2,000 shares per investor
- Eligibility: Open to individuals and institutions subject to compliance requirements
Benefits of Being a Shareholder
- Ownership and participation in the cooperative
- Right to participate in General Assembly decision-making
- Eligibility for loans at reduced interest rates
- Opportunity to earn dividends when profits are declared
- Long-term value through institutional growth
Subscription Period
- Subscription opens on 01 January 2026
- Closing date is undetermined and subject to management decision
Investors may begin with fewer shares but must acquire at least ten (10) shares within two (2) years to enjoy full shareholder benefits.
Fees & Conditions
- Solidarity contribution: 40% non-refundable solidarity fund per share
- Building fee: 11,000 FCFA (fixed regardless of number of shares)
- Share certificates are issued to holders of 10 shares and above
- Shares may be transferable, redeemed, or repurchased in accordance with institutional policy