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Trading Shares in Gilgandra Financial Services Limited

Community Bank Gilgandra & District is operated by Gilgandra Financial Services Limited . Gilgandra Financial Services Limited also operates a Special Market called a Low Volume Market (LVM), to facilitate the trading of its shares. The conditions of this market are set out below.

Special Market Condition Notices - Low Volume Market (LVM)

Gilgandra Financial Services Limited does not hold a license to operate a financial market and is not subject to market obligations, in particular the obligation to ensure that the market is fair, transparent and orderly. The market is covered by an exemption under section 791C of the Corporations Act. Gilgandra Financial Services Limited does not provide a settlement service for trading in the market – it is the responsibility of the parties to a transaction to arrange payment between themselves.
Click on the following link to download a copy of the Corporations (Low Volume Financial Markets) Instrument 2016/888 in PDF format from the ASIC website:
Shares in Gilgandra Financial Services Limited have characteristics that may differ from mainstream securities.
Special characteristics of Community Bank companies
  • ‘One shareholder one vote’ constitutions rather than ‘one share one vote’.
  • Shareholder limit of 10% of issued capital for individuals and related entities.
  • There is a limit on profits that can be distributed to shareholders, including through dividends. By way of overview, the limit is the higher of:
    1. 20% of the profits of the Company otherwise available for distribution to shareholders in the financial year (after adding back Community Contributions during the year), and
    2. the weighted average interest rate on 90 day bank bills during the year plus 5%, multiplied by the value of the share capital on issue at the end of the financial year.
  • Persons who do not possess a ‘close connection’ with the community served by Gilgandra Financial Services Limited can be prohibited from acquiring shares in the Company.
  • Share transfers which result in the number of shareholders in Gilgandra Financial Services Limited falling below a fixed ‘Base Number’ will be prohibited.
  • These restrictions are intended to embed the community nature of Gilgandra Financial Services Limited .

Directors of Gilgandra Financial Services Limited have the right to refuse to register any transfer of shares in their unlimited discretion.

Full details of the restrictions on holding shares and Directors’ powers to refuse to register a transfer of shares are set out in the Company’s constitution. A copy of the constitution is available on request from the Company Secretary and/or LVM Contact:

Sandra Lawford
Gilgandra Financial Services Limited
PO Box 41 Gilgandra NSW 2827

Prudent share purchasers will consider whether they should insist on Board approval of the share transfer as a condition precedent to their obligation to pay purchase money.

Stamp duty payable by the purchaser on the transfer of shares in the Company is no longer applicable in any State/Territory. It would however be prudent for the purchaser to confirm the current situation with the State or Territory Revenue Office where the Company was incorporated.

Trade History
Most recent share trades for Gilgandra Financial Services Limited
Date Parcel Price (Per Share)
03/11/2021 2000 $ 1.00
Register of Interested Parties
Full list of interested traders including number of shares and desired trading price
Parcel Max Purchase Price (Per Share) ID Interest Lodged
2000 $ 0.95 27 01/06/2021
1000 $ 1.00 25 16/01/2021
1000 $ 1.50 24 05/12/2020
500 $ 1.00 22 03/03/2020
1000 $ 0.60 16 23/09/2015
Parcel Min Sale Price (Per Share) ID Interest Lodged
500 $ 1.00 31 03/11/2021
150 $ 1.00 29 05/07/2021
1000 $ 1.00 30 20/04/2021
2000 $ 1.00 26 07/04/2021
2000 $ 1.00 21 01/11/2018
500 $ 1.00 20 17/10/2018
500 $ 1.00 17 10/05/2016
500 $ 1.00 18 16/04/2016
500 $ 0.60 15 02/03/2015
500 $ 0.60 14 02/03/2015
4000 $ 0.85 13 20/02/2015
5000 $ 1.00 12 02/09/2014
1000 $ 1.00 11 18/06/2014
2000 $ 1.00 10 09/06/2014
8000 $ 1.00 9 26/02/2014
10000 $ 1.00 8 20/09/2013
5000 $ 1.00 7 02/09/2013
5000 $ 1.00 3 05/08/2011
1000 $ 1.00 2 21/05/2008
1000 $ 1.00 1 22/04/2008
Register your interest
In order to buy or sell shares in Gilgandra Financial Services Limited you must first register your interest formally with the Company Secretary and/or LVM Contact.
Register your Interest Online
The online form allows you to:

Register an interest in buying shares

Register an interest in selling shares

Update an interest previously registered

Remove an interest previously registered

Online registration form
Register your Interest using hard copy forms

Alternatively, each of the online form actions can be achieved by using the hardcopy forms below.

If a registered buyer and seller agree to trade shares, the buyer must first seek approval from the Company's Board by completing the Share Purchase Form and sending it to the Company Secretary and/or LVM Contact.

Once approved, the registered buyer and seller must complete the Security Transfer Form and send it to the Company Secretary and/or LVM Contact.

Sandra Lawford
Gilgandra Financial Services Limited
PO Box 41 Gilgandra NSW 2827

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