OPENING ON 17 MAY 2016
And here are 9 good reasons to invest in next offer
BWCE’s latest public offer will be for 2 year fixed interest bond with interest at 5.0% a year (5.5% for BWCE and associated body members) and an offer to become a member of BWCE by buying shares.
The total projected cost of purchasing the Crewkerne solar array will be £5.93 million. The bond and share offer combined will be for £2.63 million with the balance coming from a loan from a commercial lender for £3.3 million.
Advantages to early investors
As the project is fully underwritten we will issue shares and bonds to investors, who have already invested, after the first three weeks. You start earning interest from the date shares or bonds are issued. This will give early investors the chance to start earning interest earlier. For information on early investment please see full details in the Offer Document.
How your interest is calculated for the Bond offer
Interest is calculated from the date your bond is issued. There will be 2 issue dates, one after three weeks and the other at the end of the offer. The bond is a 2 year investment with the 5.0/5.5 % interest a year with interest paid annually for 2 years and the capital, or amount invested, repaid at the end of the second year. If you decide to redeem your bond after 2 years you will be repaid your capital and interest earned during the period. You may also have the option to renew your bond for a further period.
How to apply
Before you apply it is important you have read and understood the Offer Document which will be available soon. Then, should you decide to continue, go to the Ethex website and apply electronically or complete a paper application which can be found at the end of the Offer Document.
Investment decisions must only be made on the basis of the offer document and not on information provided in this summary. Your original investment capital may be at risk and any return on your investment depends on the success of BWCE’s business as a whole. You should read the offer document in full, including the risk factors set out in the offer document, and the terms and conditions regarding this offer at Ethex before investing. You should consider taking appropriate financial and other advice before making any investment decision.
Associated bodies are those local community partners that have raised or plan to raise share capital and include South Somerset Community energy. Shareholder members of these organisations will receive the 0.5% bonus. See the bond offer document for more details.