Expressions of InterestInformation for those wishing to purchase membership shares in the Pingala Co-operative Ltd.
The Pingala Co-op is opening up to more members.
The Pingala Co-op wants to support more businesses to instal solar. Do you want to join us on this journey?
Whether you are an existing member looking to invest more or are yet to join, letting us know your interest in purchasing shares helps us plan our projects and grow our community.
You can complete the form below with no obligation to purchase the shares and can decline an offer to purchase at any time. We only ask that you consider what you would reasonably be interested in if your circumstances don’t change. Should your EOI be successful, you will receive an application and offer to purchase shares at a later date.
Rules – our constitution
Co-operatives have a constitution just like companies do, but they’re called Rules. The Rules set out the ways in which the Co-operative operates, the obligations of members, the purpose of the organisation and the way in which meetings are run and so forth.
Disclosure Statement – a bit like a prospectus
Pingala Co-operative is a for-profit entity. Technically this is what is known as a distributing co-operative. That’s just a fancy way of saying we distribute surplus/profit to our shareholders. So, we’re a for-profit Co-op.
Just like a company needing to issue a prospectus if they make a public offer to investors, our Co-operative must always have an up-to-date Disclosure Statement that outlines the financial involvement and liability of member-investors as well as the overall prospects of the organisation into the future.
This is your main document to determine what sort of investment you’ll be making if you were to become a member and buy shares. The document includes a section on risk, which you should pay particular attention to (although all parts of the document need your attention, so don’t just read the risk section!)
Get to know our projects
If you become a member of the Pingala Co-op you join a community supporting the installation of solar systems. The Co-op as a whole relies on these projects to operate and provide dividends.
You can read about our projects by cycling through some of them below.