Over 100,000 East of England Co-op members to receive share of profit in dividend payment
A dividend share of £1m was approved at the retailer’s Annual Member’s Meeting (AMM) last week.
The meeting, which took place at East of England Co-op’s central support office on Thursday 21 May, included a community and supplier showcase in Wherstead Park’s historic mansion building.
Seven of the hundreds of local community groups and charities supported by the retailer joined this year’s AMM to share the life changing work they’re doing in the region. This included Project Apis, a charity using beekeeping to bring people together, and Colchester United Community Foundation which is receiving support from the East of England Co-op to run its weekly wellbeing session for older adults.
Members could also take part in tastings from some of the retailer’s local producers including jams and spreads from Tiptree, strawberries from Honey Tye, cooked meats from Lane Farm, condiments from Stokes Sauces and local ale and cyder from Aspall, Mauldons and Woodforde’s.
Chaired by East of England Co-op President, Mandy Errington, members joined the event both in-person and online, as the retailer reported on its sales and trading profits.
Earlier this month, the East of England Co-op announced an against the odds £2m profit, increasing for the third year running. In sharing these results, the ‘proudly independent’ regional co-operative announced its plan to maintain profit growth by focusing investment where it sees the ‘greatest long-term impact’.
Mandy Errington, East of England Co-op President, said: “Achieving a £2.0m trading profit is a fantastic achievement which everyone across the organisation has worked hard for and should be immensely proud of.
“It was a privilege to host our Annual Members’ Meeting for the first time since being elected President earlier this year. The energy and enthusiasm in the room, as members came together to celebrate our success and help shape the future of our co-op, was a powerful reminder of what makes member-owned organisations so special. I am passionate about the role the East of England Co-op plays in building stronger, fairer communities, and none of this would be possible without the continued support of our members and the communities we serve."
The meeting also included the results of the election to the Board of Directors. This year saw six candidates standing for three places on the Board. Elected to the East of England Co-op’s Board were Sally Longmate and Mark Sargeantson, with Sally Chicken re-elected for a further four-year term.
Members who are eligible for dividend will receive their payment by post starting next month (June 2026).
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