Share Buy Back Policy
As part of the Directors’ ongoing commitment to providing share trading liquidity, Thrive currently operates a share Buy-Back Policy. Shareholders are eligible to benefit from the Buy-Back policy if they have owned their shares for at least 24 months, and had their shares listed for sale on the Matched Bargain Market for a period of 12 months or more. Under the Buy-Back policy, Thrive undertakes to purchase shares from eligible shareholders at a 10% discount to the Director’s Valuation Per Share.
It is the Directors’ intention that the Buy-Back Policy will increase the liquidity of the secondary shares market and enable sellers to achieve a fair price for their shares.
On 15 February 2019, two wind farms were sold, providing evidence of an increase in the value of Thrive's operational assets, leading to an increase in the Directors’ Valuation to £2.65 per share.
An interim dividend of 40p per share, representing 15% of the share price, was proposed, subject to approval by shareholders, which was subsequently approved and paid to investors.
An additional £11 million realised by the sale will be retained by the company to invest in more sustainable energy capacity for the UK.
|Thrive Renewables believes in a clean, smart energy system that is powered by the investment of many. Its mission is to power the transition to a sustainable energy future by helping people meaningfully connect with clean energy projects. Thrive shares can be bought or sold at monthly auctions run throughout the year.|
|Current share price: see 'Latest Prices' tab|
|Minimum investment amount||None|
|Maximum investment amount||None|
You can buy Thrive Renewables shares through the secondary market.
What it does, latest social and financial performance
If you are in any doubt about the information on this website, the content of the accompanying annual report 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, can fluctuate. In addition, there is no certainty that investors will get back the full amount they invest.
Click here to find out how to buy or sell shares through the secondary market.
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01865 403 304