Update: 26.10.2018 - Extension of offer
Below is a copy of a letter from the Energy Garden team explaining the reason for the extension and impact on remainder of the investment offer
Re: An update on your Ethex order
Dear Positive Investor,
As an investor in the Energy Garden 2018 Community Bond, we want to update you on your order.
On 26 October, Energy Garden decided to extend their offer deadline to 31 December 2018 to give more people the opportunity to invest and allow time for institutional investors to obtain final approvals to invest alongside you. In the meantime, Energy Garden have secured operational funding from the Greater London Authority, Bank of America Merrill Lynch and Peoples Post Code lottery to continue the youth training and schools programme and to develop more energy gardens.
Energy Garden greatly appreciate your patience while they finish fundraising. As you know, the Community Bond offers an interest rate of 4% per year, payment of which is contingent on Energy Garden reaching its £2 million fundraise target. If these criteria are not met then your initial investment will be returned in full. We will continue to keep you informed as fundraising progresses.
We hope that you will continue to support Energy Garden and spread the word about this great community energy initiative.
If you require further information please contact Ethex by phone within normal office hours on 01865 403304 or by email email@example.com at any time.