Shareholders back co-op

DAIRYGOLD Co-op shareholders have backed the re-organised business by lining up to buy the group’s shares, and triggering a bull run in the shares market which was newly created within the co-op last year.

One of many rule changes, which shareholders supported last year, enabled sale or transfer of Dairygold shares for the first time.

As a result, supply and demand among eligible shareholders now decides what shares are worth. They have rocketed from their traditional €1 per share value to €1.90.