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Trading Shares in Upper Yarra Community Enterprise Ltd

Yarra Junction District Community Bank® Branch is operated by Upper Yarra Community Enterprise Ltd. Upper Yarra Community Enterprise Ltd 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)

Upper Yarra Community Enterprise Ltd 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. Upper Yarra Community Enterprise Ltd 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 Upper Yarra Community Enterprise Ltd 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: (a) 20% of the profits of the Company otherwise available for distribution to shareholders in the financial year, and (b) the relevant rate of return (being the weighted average interest rate on 90 day bank bills over the 12 month period plus 5%) multiplied by the average level of share capital over the 12 month period.
  • Persons who do not possess a ‘close connection’ with the community served by Upper Yarra Community Enterprise Ltd can be prohibited from acquiring shares in the Company.
  • Share transfers which result in the number of shareholders in Upper Yarra Community Enterprise Ltd falling below a fixed ‘Base Number’ will be prohibited.
  • These restrictions are intended to embed the community nature of Upper Yarra Community Enterprise Ltd.

Directors of Upper Yarra Community Enterprise Ltd 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:

c/- Suzanne Phoenix, Executive Officer
Upper Yarra Community Enterprise Ltd
3399 Warburton Highway Warburton VIC 3799

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 Upper Yarra Community Enterprise Ltd
Date Parcel Price (Per Share)
23/07/2019 200 $0.75
23/07/2019 200 $0.75
05/06/2018 500 $0.9
30/05/2018 10000 $0.5^
30/05/2018 10000 $0.5
21/12/2017 600 $0.5^
26/10/2017 2000 $1^
29/08/2017 6000 $0.87^
26/05/2017 58600 $0.8^
28/03/2017 15000 $0.5^
21/02/2017 1000 $1^
07/09/2016 1500 $0.5^
24/08/2016 4500 $0.5
07/03/2016 3000 $0.5^
19/10/2015 1200 $1^
12/11/2014 2000 $1^
10/10/2014 10000 $0.5
06/08/2014 5000 $0.85^
24/06/2014 3000 $0.85
24/06/2014 6000 $0.85
24/05/2014 7500 $0.5
20/05/2014 1000 $0.5
22/04/2014 6000 $0.5
22/04/2014 1500 $0.5
15/04/2014 3600 $0.5
10/04/2014 3000 $0.5
02/04/2014 1800 $0.5
25/03/2014 3000 $0.5
21/03/2014 1000 $0.5
21/03/2014 500 $0.5
18/03/2014 9000 $0.5
18/02/2014 500 $1
22/06/2013 3000 $0.5
23/05/2013 6000 $0.8
23/05/2013 10000 $0.8
09/08/2010 4000 $0.8
08/06/2010 15000 $0.9
^ This trade did not occur through the company’s Low Volume Market.
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
10000 $0.5 75 12/08/2019
4000 $0.5 51 23/05/2018
Parcel Min Sale Price (Per Share) ID Interest Lodged
3000 $0.7 74 17/07/2019
6450 $0.9 73 19/06/2019
3000 $0.8 72 08/04/2019
1000 $1 37 16/01/2019
4500 $0.87 43 16/01/2019
1000 $0.8 57 16/01/2019
4300 $1 18 16/01/2019
1500 $0.8 71 20/12/2018
150 $1 70 18/12/2018
2150 $0.9 41 05/12/2012
5000 $1 20 19/01/2011
10000 $1 19 19/01/2011
2000 $1 14 14/08/2010
10000 $1 6 28/04/2010
Register your interest
In order to buy or sell shares in Upper Yarra Community Enterprise Ltd you must first register your interest formally with the Company Secretary.
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.

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

c/- Suzanne Phoenix, Executive Officer
Upper Yarra Community Enterprise Ltd
3399 Warburton Highway Warburton VIC 3799

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