Our Power - OFFER CLOSED

Bond Offer

£500 minimum

Adjustment to target total 

Please note that this offer is subject to a regulatory limit of being able to raise no more than the sterling equivalent of €5m, the most recent exchange rate means that this limit is at around the £4.4m mark, so the offer will close when this figure is reached.

SITR Limit has been reached

We believe that the £1.5m limit of retail investment eligible for Social Investment Tax Relief has now been reached for this offer.

 

Key facts

Product Transferable bonds
Term 3 Years
Offer opened 19th October 2017
Offer closed 21st December 2017
Return 6.5% gross per annum

 

Offer price, per bond £1
Minimum investment amount £500
Min. raise for offer to proceed £2,000,000
Maximum raise £4,500,000
Location UK wide (Headquarters in Edinburgh)

Offer document

The information on this website is only a summary of the offer document.

Before applying for bonds the whole text of the accompanying bond offer document should be read.

 

Bond instrument

Before applying for bonds the whole text of the accompanying bond instrument should be read.

Paper Application Form

 If you would prefer to apply for Our Power bonds using a paper application form please download and print off this form, fill it in and post to Ethex.

Financial performance

6.5% gross interest per year, fixed and payable (net of UK basic tax rate) in arrears in January each year of the bond term. This product is also eligible for Social Investment Tax Relief (SITR).

Social performance

82.5 days per year of extra heating for a home in fuel poverty if they are on the Our Power standard variable tariff compared to a Big 6 variable tariff.

Bond offer

Learn more about key aspects of this bond offer

Business profile

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

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 bonds and other securities.

Prospective investors should be aware that the value of the bonds, 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.

Offer closed

 As of the 21st December 2017 this offer is closed.

Read more

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