Gower Regeneration - OFFER CLOSED

Governance and people

Gower Regeneration  is registered with the FCA (Financial Conduct Authority) as a community benefit society (registered number: 7546).

Gower Regeneration is a Registered Community Benefit Society (CBS) established in April 2017 (registration number: 7546). It has been set up to trade for the benefit of the community of Swansea to fund and manage a community-owned solar farm at Killan Farm, Dunvant, Swansea.

Their rules are available to view here.

Total number of shares

Gower Regeneration will be issuing up to 1,085,000 shares through this offer, worth £1 each. Ahead of the offer no shares have been issued.

Board of Directors

Members

The Gower Regeneration Ltd Board of Directors is made up of the founder members and professionals who are taking responsibility for ensuring timely construction of the project and financial completion. As a Community Benefit Society and co-operative, future Board Members will be democratically elected by shareholders at the Annual General Meeting. In addition, the existing Board intend to co-opt key local stakeholders onto the Board after financial completion. As per the Rules of the Society the Board can be made up of up to 30% non-investors provided they have either suitable professional experience or are key stakeholders of the Society. Further local stakeholders will be co-opted onto the Board after the Share Offer has been completed.

Conflict of interest

Gower Regeneration has a Conflict of Interest Policy where directors are required to declare any external interest that may be in conflict with their role on the Board of Directors.  The following interests have been declared:

Roy Church is a trustee of Y Felin Ddwr Trust; he is the manager of Gower Heritage Centre; he is co-owner of Dunvant SBG Ltd which owns the land being leased; he has carried out some of the legal work for both Gower Regeneration Ltd and also for Dunvant SBG Ltd.

Ant Flanagan and Chris Small are both directors of Gower Power Co-op CIC; Ant Flanagan is also an employee. Gower Power Co-op CIC has invoiced the project for a total of £42,062 for its involvement in all stages of project development since inception in 2014, of which £10,502 was paid for through grants, £7250 of which will be paid on financial completion.

Directors' remuneration

Directors will not be paid for their roles.

Directors' holdings

None at present, though directors might invest into the scheme through this Share Offer.

Employee satisfaction

Employee satisfaction surveys will be carried out each year, with the results analysed.

Diversity

2 of 5 directors are female.

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