Sourcery Launches Trade-Transforming Stock Option Programme
Sourcery has launched its Partner Stock Option Subscription Programme, inviting all Sourcery Partners—Growers, Manufacturers, Traders, and Brands—to take ownership in shaping the future of trade. This initiative allows Partners to purchase stock through their annual membership contributions, ensuring they have a stake in Sourcery’s mission to transform trade sustainably.
Unlike traditional multi-stakeholder initiatives dependent on philanthropy, Sourcery’s approach leverages sector-specific funding to avoid governance complexities and accelerate innovation. Crispin Argento, Global Managing Director, emphasizes their unique fundraising model, designed to sustainably support the textile industry’s growth and profitability.
Through a two-tiered governance structure, Partners gain equal voting rights, fostering collaborative decision-making. Up to 60% of outstanding shares are reserved for Partners through the Programme, encouraging investment in Class B Common Stock and optional Class A Preferred shares. Future funding plans include a Regulation A+ offering to expand capital and allow Partners to profit directly.
Yash Agarwal from Baba Spinners underscores the programme’s value, emphasizing its focus on fair trade and traceability solutions beneficial to all stakeholders. Stock distribution ensures equity among Partners over a five-year vesting period, promoting collaboration and shared success.
Argento highlights the accountability and mutual benefit inherent in having customers as investors, ensuring promises translate into tangible outcomes across the supply chain. Sourcery’s model aims to redefine industry dynamics, fostering transparency, fairness, and efficiency in cotton trade.
In essence, Sourcery’s Partner Stock Option Subscription Programme empowers industry stakeholders to drive meaningful change, securing a sustainable future through collective ownership and proactive engagement in transforming global trade practices.
