This website uses cookies

We use cookies and other tracking technologies to assist with navigation and your ability to provide feedback, analyse your use of our products and services, and assist with our promotional and marketing efforts. View our Privacy Policy

Thrive Renewables (Buchan) Ltd

Transferable Bonds

SECONDARY MARKET

Thrive Renewables (Buchan) 2016 Bonds can only be bought when a party that already owns some is willing to sell them or when the business does a new share issue.

Currently, Thrive Renewables (Buchan) 2016 Bonds are only available to purchase from existing holders via the Bulletin Board, subject to availability.

Transferable bonds can be sold on to third parties - provided willing buyers can be found. They also vary in value, subject to the price that and sellers want to buy and sell at. Bonds can be sold via the Bulletin Board.

You can find a guide to the process of buying and selling bonds on the secondary market here.


Financial return

5.5% gross interest rate per year - fixed and payable (net of UK basic rate tax) annually in arrears on 15 July. 


Social return

Under the terms of Thrive Renewables' planning consent they contribute an annual sum of £1,350 annually as a community benefit payment to the local council from the profits generated by the projects. 


Minimum investment amount

250 bonds


Maximum investment amount

There is no maximum investment amount. 


Fees payable to purchase this product

£20 administration fee per transaction

Statutory charges

None


Getting your money back

The Bonds have a fixed repayment date and investors will have no ability to require the Company to repay their capital before the repayment date (save in the event of default by the Company). Investors should therefore only invest if they are prepared to wait until the scheduled repayment date of 15 July 2021 to receive their capital.

Bonds are transferable and may be sold via the Ethex Bulletin Board if there are willing buyers. Investors should note that the Bonds are not listed on a recognised investment exchange.

The Bonds will be repayable by the Company on the death of a Bondholder up to a value of £100,000 per Bondholder. For values over £100,000 repayment on the death of a Bondholder will be at the discretion of the Directors.


How secure is your money?

An investment in the Company will be in the form of Bonds, which are contractually due for repayment at the end of their term on 15 July 2021. It is not certain that the Company will have sufficient funds or access to financial resources available in order to repay the Bonds on their due date.

The Bondholders have security over the wind farm assets through their debenture.


Keeping track of your investment

Bondholders will receive a Thrive Renewables (Buchan) management report annually, which will contain details of the performance
of the Company.


Selling your bonds

Ethex provides a Bulletin Board service to allow those looking to buy and sell bonds to get in direct contact in order to agree a trade, but the provision of this service does not guarantee that you will be able to buy or sell bonds, nor the price at which you may be able to do so.

If you wish to sell your bonds we display any interest from buyers on the Bulletin Board tab, or you can list your bonds for sale via the 'Trade Online' button towards the top of this page.


Tax considerations

Generally, the value of the bonds will fall into the Bondholder's estate for inheritance tax purposes.

However, provided that the relevant Bonds are physically held outside the United Kingdom at the time of death or when a gift is made, no inheritance tax is charged on such death or gift if the Bondholder is neither domiciled, nor deemed to be domiciled, in the United Kingdom. Where the Bonds are held in a clearing system, HMRC is known to consider that the situs of the relevant assets is not necessarily determined by the place where the Bonds are physically held. Prospective Bondholders to whom this may be of significance are asked to consult their own professional advisers.


Qualification

This investment is available to persons aged over 18 only.

Buy & Sell bonds

Trade Online

Why use Ethex?

  • Easy to understand, compare and choose products
  • Extensive expertise in social investment
  • First ever not-for-profit investment broker
  • Make multiple investments much more easily

Need help?

The Ethex team are here to help from 9am to 5pm

https://www.ethex.org.uk/savings--investments_16.html

Invest and save with Ethex to

make money do good

You can browse, compare and invest in a range of products on Ethex platform from bank accounts and ISAs to equity investments and charity bonds that offer a social/environmental as well as a financial return. All you need to do is get started...