Governance

Shareholders & Investors

Welcome to our Investors' information section. If you are a Shareholder and have questions about your account, please phone the CGL Administration team on 02 6162 1149.

CGL is a private company limited by shares. The share program is purely voluntary. Some reasons why you might consider investing include:

  • Chance to be part of something from the early stage and shape future directions.
  • Obtain ownership in a stable, low-risk, professional group of companies operating in a growing market space.
  • CGL consists of real businesses with real clients and a valued reputation.
  • The Board has agreed to an annual fully franked dividend policy, whereby it intends to return 80% of NPAT to shareholders, notwithstanding the Board’s fiduciary responsibilities to the Group;
  • No negative requirements for capital raising: the aim is to grow the Group and increase shareholder value; and,
  • Existing company owners are still fully engaged.

OVERVIEW OF SHARE TRADING
Opening and Closing Times:
The share window opens biannually around June-July and December-January to enable staff and Associates to trade or acquire shares between themselves. It is not compulsory. During these windows, CGL neither (i) makes offers to acquire or dispose of shares nor (ii) accepts any offers between buyers and seller. Rather, it acts in an administration capacity to ensure appropriate management and reporting of share register details to ASIC.

Opening Price:
The share price is recalculated prior to the opening of each window based on the Group’s financial performances, and standard supply and demand factors. It is up to the Buyer and Seller to agree their own price as part of any trading, with each person making or accepting offers or invitations to acquire or dispose of shares on their own behalf.

Offer Terms:
Because of the strong demand for shares, trading is managed on a "first in first served" basis, with the minimum share parcel being 1,000 shares. Other terms, such as loan options and dividends, can be obtained from the JBS’ Team and Communications Manager.

Annual General Meeting:
The CGL Annual General Meeting is held in October at the Commonwealth Club in Canberra, ACT, Australia.

Administration:
For those interested, the following administrative arrangements have been implemented to ensure we can accurately manage our share register:

  • Coordination occurs through CGL Administrative team (who also compile the share register for ASIC).
  • Seller formally advises CGL Administrative team as to how many shares they want to sell and requested price – using the ‘proposed share sale form’.
  • Buyer also advises CGL Administrative team as to how many shares they are seeking – using the ‘share application form’.
  • The CGL Administrative team will advise all current shareholders in first instance and then go more broadly to the team if required to assist share exchange.
  • Buyer and Seller agree price and advise CGL Administrative team.
  • Buyer places $ for share purchase in trust in CGL bank account.
  • Seller provides CGL Administrative team with share certificate (the Manager will produce a new certificate if the Board approves the creation of new company shares) and bank details for $ remittance.
  • Seller settles any outstanding share loans.
  • The CGL Administrative team forwards remaining $ for share purchase to Seller’s account.
  • The CGL Administrative team issues new share certificate to Buyer and destroys old Seller’s certificate.
  • If no buyer/seller can be found, then there is no trade and the market will re-establish price equilibrium.
  • The CGL Administrative team updates share register and passes to Company Secretary for advising ASIC at end of trading window.

Supporting materials: Please click on the report you wish to download or view: