Optometrist Zone

Member Fees

From 1 March 2015, the Iso Leso Management Fees will be R300 per month VAT exclusive, per practice site. The company does not earn fees by way of charging a percentage of contract fees, turnover, or any amount similar to royalties to its shareholders.

Iso Leso is essentially a management service company incorporated for the benefit of its shareholders and is managed on a break-even basis.

Below is a schedule of the share prices and management fees per practice site for new shareholders wishing to join the Iso Leso Network.

PRACTICE SITE SHARE PRICE VOTING SHARES
AT PAR VALUE
MONTHLY
SUBSCRIPTION FEE
1 Practice
1 Owner
R1600 R1 share capital
1 share
1 vote
R300 (excl. VAT)
Per Practice
1 Practice
2 Owners
R1600 R1 share capital
1 share
1 vote
R300 (excl. VAT)
Per Practice
1 Practice
4 Owners
R1600 R1 share capital
1 share
1 vote
R300 (excl. VAT)
Per Practice
2 Practices
1 Owner
2 x R1600
R3200
R2 share capital
2 shares
2 votes
R300 per Practice
R600 (excl. VAT)
2 Practices
4 Owners
2 x R1600
R3200
R2 share capital
2 shares
2 votes
R300 per Practice
R600 (excl. VAT)
4 Practices
3 Owners
4 x R1600
R6400
R4 share capital
4 shares
2 shares x 1 Owner
1 share x 2 Owners
4 votes
R300 per Practice
R1200 (excl. VAT)
1 Franchise
1 Owner
R1600 R1 share capital
1 share
1 vote
R300 (excl. VAT)
Per Franchise Site
1 Franchise
2 Owners
R1600 R1 share capital
1 share
1 vote
R300 (excl. VAT)
Per Franchise Site
2 Franchises
4 Owners
2 x R1600
R3200
R2 share capital
2 shares
2 votes
R300 (excl. VAT)
Per Franchise Site


Notes
  1. Each practice site pays a minimum of R1600 for 1 share and must have at least 1 share.
  2. Each practice site gets allocated 1 share at R1600 cost price.
  3. Maximum shares per site – 10 (ten) shares, a practice can therefore purchase more than 1 (one) share.
  4. Owners of a practice can decide on the number of shares to be held by individual optometrists.
  5. Maximum shares per individual – 270 (depends on how many sites the individual owns alone) for multiple sites. This will require that the individual owns 27 sites.
  6. A "site" shall mean a practice site or franchise site.
  7. An "owner" shall mean the optometrist who owns the practice In the case of franchises, the owner shall be the franchisee
  8. Where an optometrist/owner seeks to purchase more than 1 share the relevant multiple will apply to the above table.
  9. The monthly management fee is fixed per site and is not affected by the number of shares. Each practice site with a unique PCNS is subject to a monthly management fee.