In a first of its kind initiative for the metals industry, Stalcor is introducing a Customer LoyaLty Program, which includes a 14% customer shareholding in Stalcor and an entitlement to receive dividends declared by the company.
Stalcor is busy implementing programs that include a 14% shareholding in the company for the benefit of Stalcor customers. This will allow them to share in the all benefits of being a shareholder coupled with an entitlement to receive dividends declared by the company.
This Customer Loyalty Shareholding is housed in a special purpose trust whereby all its beneficiaries are Stalcor’s clients. At the end of the financial year 14% of Stalcor’s dividends are paid to the trust, which then allocates this tax-free income to customers in proportion to their sales for the year.