Payment of interest and capital is not guaranteed and is dependent on the continued success of Exchange Bristol's business model.
This investment is not covered by any government compensation scheme.
Shares cannot be sold or transferred to another person but they can be withdrawn. No shares can be withdrawn for three years from the issue date. After this time, you can get your money back, subject to the Board restriction - they will specify a maximum total amount available for withdrawals in each year. All withdrawals will be paid in the order in which the notices are received, up to the maximum total withdrawal amount set for that year, following which no further withdrawals may be made.
The Board also has the right to refuse or suspend withdrawals if it considers it to be necessary in order to protect the Society.
The maximum application for withdrawal that will be accepted in any year will be £10,000, regardless of the shareholding held; however the maximum that will be paid out will be subject to the annual limit on withdrawals in effect at that time, and to the value of withdrawals that have already been made in that year. Withdrawal terms for institutional investors are on an equal footing with individual investors. These arrangements have been put in place to limit the exposure of the Society to large share withdrawals.