Penny Parrock is set up as a Limited Company, to join it is necessary to buy a share. Once you are a shareholder you can then pay your annual subscription and get your ticket. Then you can fish at any time, and without restriction during the season.

Subsequently, if you wish, you can sell the share and get your money back, although share price movement means that you could get back more or less.

Purchasing a Penny Parrock share is a lifestyle investment, not a financial one!

Shares are sometimes advertised by sellers in local or national media. Alternatively the Secretary maintains a log of people wishing to buy and sell and will put the parties in contact. The transfer price for the share is entirely a matter of negotiation between buyer and seller. The Secretary will advise negotiating parties the amount involved in recent transfers if asked.

There are 118 shares. An individual can hold up to 3 shares. The main benefit from holding more than one share is that guests can fish at the same time. Voting rights and limits also apply per share.

Typically over many years there have been 2 or 3 transfers per year. However for the past 3 years demand has increased with up to 8 transfers per year. This has resulted in higher demand than supply. At present, and for the first time in a long time, there are more buyers than sellers. This will mean waiting longer and/or paying more.

All subscription arrears must be paid before the share can be transferred, and in addition the share must be made up to a full share with rights on all Company waters.