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Phone Co-op members vote for Transfer of Engagements to Midcounties Co-operative

Published date: April 2018

new_logo.jpg Members of The Phone Co-op, the UK’s only telecoms cooperative, have voted overwhelmingly in favour of the board’s recommendation for a transfer of engagements to The Midcounties Co-operative.

91% of members attending The Phone Co-op’s special general meeting in Sheffield voted for motion one, calling for a merger with Midcounties.

223 votes were cast by delegates attending in person and online, with 202 voting in favour of the motion and 17 against, therefore the motion, which required approval from two-thirds of those members attending, was passed.

A second SGM was held on May 12th, that only required a simple majority for the transfer of engagements, this was also passed with 77 votes in favour and only 1 vote against. 

Jane Watts, chair of The Phone Co-op said:

“I am delighted that The Phone Co-op's members have voted to join Midcounties Co-operative. This move will make sure that we have a co-operative provider of telecoms, as it becomes ever more central to our lives, and extends the offer we can make to our members.

“Our co-operative and ethical values will continue to be central to the service and our staff will contribute their expertise and shared values as we move forward.”

Ben Reid, CEO of Midcounties Co-operative, welcomed the result of the vote which he described as, “…an opportunity to bring together two strong businesses [The Phone Co-op and Co-op Energy, part of Midcounties Co-operative] to create a co-operative utility provider.”

In a separate motion, members attending the Sheffield AGM voted by a simple majority to approve The Phone Co-op’s Strategy for 2018-2022. 136 members voted for the motion, with 50 voting against and 37 abstaining.

The second special general meeting will be held on May 12th at Chateau Impney Hotel and Exhibition Centre, Droitwich, Worcestershire, at 4.00pm for a 4.30pm start. The meeting follows the Midcounties Co-operative AGM which is being held at the same venue earlier in the day.

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