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Exchange Bristol

Share Offer

£250 minimum

Key facts

Offer status OPEN
Product Withdrawable Shares
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
Target raise £300,000

Social Investment Tax Relief
 

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:

  • 30% of their income tax liability for the current or previous tax year (you choose which one to claim it against)
  • 30% relief of Capital Gains Tax on any capital gains used to invest into the share issue
  • If you invested £500, you would be eligible to reduce your tax bill by £150. If you used a capital gain to make the investment, you’d also reduce your capital gain tax liability on it from £140 to £98.

Crowd Match Fund
 

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paid from the first year, and start withdrawing their share capital after the third year and aim to get their capital withdrawn within 10 years.

Financial performance

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.

Social performance

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.

Share offer

Learn more about key aspects of this share offer

Business profile

Aims, social and financial performance, and how it's run

Offer document

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.

IMPORTANT INFORMATION FOR PROSPECTIVE INVESTORS

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.

£75,96130%
Applied for to date, of
£250,000 target

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