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Stockwood Community Benefit Society

Stockwood CBS - 2018 Withdrawable shares - OFFER CLOSED

£100 minimum

Invest by buying Stockwood Community Benefit Society withdrawable shares, which make you a member of the community benefit society, giving you a vote and the right to interest.


Investment product type

Shares in Stockwood Community Benefit Society are withdrawable.

These shares can be withdrawn in accordance with The Society’s rules, but not sold or exchanged and their value will not increase. Shares are withdrawable on 180 days’ notice. Stockwood CBS will not pay you back more than you originally paid for your shares.


Financial return

Stockwood Community Benefit Society has estimated a return of 5% and has paid 5% interest for the last 4 years.

Interest policy

The society forecasts paying Members a return of 5% per year.

How interest is paid

Interest will accrue from either the earlier date of drawdown of funds or 1 January 2019. Interest is paid annually in arrears into a bank account in your name.

Interest is calculated on a daily basis and payable on interest accrued through the relevant calendar year.


Minimum investment amount

£100


Maximum investment amount

£100,000


Fees payable to purchase this product

None

Statutory charges

None



Getting your money back

Stockwood Community Benefit Society shares should be seen as a mid to long term investment. You can however apply to withdraw your Community Shares subject to 180 days notice and at the discretion of the Board based on the following conditions:

  • business performance; and
  • sufficient funds being available.

You will need to retain a minimum amount of £100 in Community Shares to retain membership.


How secure is your money?

You will only receive interest if the Society generates sufficient funds and if the directors choose to pay interest in line with their stated policy. Your original investment will not normally change in value, but it can reduce in value if the net asset value of the shares falls below their original value. 

This investment is not covered by any government compensation scheme.


Keeping track of your investment

The details of your investment are recorded on your share certificate and by the Society.

The Society will send out a full annual report once a year together with an invitation to the annual general meeting. 

If you have an Ethex Portfolio, you can view all of your investments in one place: portfolio service.


Voting rights

This investment entitles you to one vote in the Society, no matter how much or how little you invest.


Qualification

This investment is open to everyone aged 18 years of age or over, subject to the Ethex overseas investor policy.

Offer Closed

 As of the 10th December 2018 this offer is closed

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

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