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.
|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|
|Location||UK wide (Headquarters in Edinburgh)|
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.
Before applying for bonds the whole text of the accompanying bond instrument should be read.
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.
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).
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.
Learn more about key aspects of this bond offer
Aims, social and financial performance, and how it's run
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.
As of the 21st December 2017 this offer is closed.
The Ethex team are here to help from 9am to 5pm
01865 403 304