Finalisation of share offer:
Ofgem have now confirmed that the Renewable Obligation Certificates (ROC) audit that was carried out is SATISFACTORY subject to the provision of extra information. This information needs to be provided to them by November 17th and until they have assessed it Ofgem cannot confirm how soon we can expect the site to receive its final ROC Accreditation.
As per the terms of the Share Offer document Gower Regeneration will only be able to issue share certificates once the final ROC Accreditation has been received. Realistically, Gower Regeneration now do not expect to receive Accreditation until the New Year. Whilst this delay is frustrating for all involved Gower Regeneration would like to emphasise that although there will be a delay in issuing share certificates it does not anticipate it will have an impact upon the planned date from which interest will accrue to shareholders, i.e. 1st January 2018.
The Share Offer will definitely be closing on Wednesday, 8th November. It has raised an amazing £774,000 and there are still shares available, so please do take the opportunity to mention the opportunity to a few friends and family, and if you are active on social media, please join us in the last surge retweeting, sharing etc.
Gower Regeneration apologise for the unavoidable delay issuing share certificates and intend to provide further project updates as news becomes available. It remains confident that the project will deliver the projected returns and levels of social impact anticipated.