|Offer opened||Sept 4th 2018|
|Offer closes||Oct 31st 2018|
|Location of project(s)||Bristol|
|Offer price, per share||£1|
|Min. investment amount||£250|
|Max. investment amount||£25,000 (indiv), £100,000 (orgs)|
|Min. raise for offer to proceed||£250,000|
This share offer has applied for Advance Assurance from HMRC to qualifiy their investors for Social Investment Tax Relief. The Advance Assurance is pending and directors are very confident this will be awarded.
Once agreed, that will mean that eligible investors will be able to claim tax reliefs on the value of their investment:
Exchange have applied for a matching investment from Big Society Capital. If successful, BSC will invest £100,000 in the share issue and so for every £100 invested by supporters of Exchange, BSC will be investing £66. BSC will have their 3% interest paid from the first year, and start withdrawing their share capital after the third year and aim to get their capital withdrawn within 10 years.
Exchange Bristol expects to pay 3% gross interest yearly from 2021. The interest will be calculated annually and paid gross of tax and in arrears.
Exchange is hoping to secure its future by making improvements, that will ensure its continued contribution to the live music scene and wider culture of Bristol.
Learn more about key aspects of this share offer
Aims, social and financial performance, and how it's run
The information on this website is only a summary of the offer document.
Before applying for shares the whole text of the accompanying share offer document and business plan should be read.
If you are in any doubt about the information on this website, the content of the accompanying prospectus or the action you should take, you should immediately consult a person authorised for the purposes of the Financial Services and Markets Act 2000, who specialises in advising on investment in shares and other securities.
Prospective investors should be aware that the value of the shares, which will not be quoted, cannot go up, but can go down. In addition, there is no certainty that investors will get back the full amount they invest.
The Ethex team are here to help from 9am to 5pm
01865 403 304