How to become a shareholder

LMH is committed to ensuring that all of its tenants and leaseholders have a say in how the association moves forward. An integral part of this vision is LMH’s open membership scheme.

As a shareholder you’ll be entitled to attend all LMH Annual General Meetings and Special General Meetings. These meetings are used to consider LMH’s annual report, and to vote on both the election of board members and on any changes to the “Rules” of the association. Any constitutional changes to LMH can only be made with the approval of our shareholders, meaning that they are central to LMH’s development as a tenant-led organisation.

Every tenant or leaseholder is allowed to purchase one share at a cost of £1.00. LMH is a non-profit making charitable organisation, meaning that shareholders do not receive any dividends for their share.

To become an LMH shareholder just follow these three easy steps:

Step 1: Check that you are not exempt from the shareholding scheme

The scheme is open to all LMH tenants and leaseholders but there are exemptions. The following cannot be shareholders:

  • A minor
  • A person who has been expelled as a shareholder, unless authorized by special resolution at a general meeting
  • An employee of the association or an employee of any other body whose accounts must be consolidated with those of the association
  • A corporate body or an unincorporated body
  • A  tenant who is in arrears with rent, service charges or other charges levied by LMH, subject to certain conditions
  • A tenant/leaseholder or any person within the household who is the subject of any legal proceedings (or court order obtained by LMH or other agency, for example (but not limited to) ASBO’s or ABC’s

Step 2: Complete a shareholder application form

You can download the shareholder application form, the shareholder information pack and the shareholder certified rules from this website. Printed copies of the form are also available from LMH’s Business Development team at head office.

Step 3: Return your completed application form

Return your completed application form, along with £1.00 to pay for your share on an envelope marked FREEPOST LMH (no stamp or additional address lines are required). 

All applications are subject to approval by LMH’s management board - once we receive your application form we’ll contact you to let you know when this will take place.

For additional information on the shareholding scheme contact LMH’s Business Development team at head office.

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