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Thrive Renewables plc (formerly Triodos Renewables plc)

Ordinary Shares

SECONDARY MARKET

Investment product details

To become an investor in Thrive Renewables you can purchase shares on the secondary market via a monthly auction.  Shares can only be bought when there are existing investors looking to sell, as outlined below.

 


Secondary market

Transferable shares 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.

Transferable shares can be sold to third parties - provided willing buyers can be found.

Shares will vary in value, subject to the price that sellers and buyers want to sell and buy at.

You can buy (or sell) shares in Thrive Renewables at monthly auctions through an independent Matched Bargain Service (MBS). The auctions run throughout the year. The MBS allows investors and shareholders to exchange shares for a mutually agreeable price. If you’re interested in buying or selling shares please ring Andrew Johnson on 0161 764 4043 or email a.johnson@jamessharp.co.uk. You can also view Thrive Renewables’ Matched Bargain Service provider’s website here. You can find more information on the process here.


Financial return

Dividends policy

Thrive Renewables' long-term objective is to build a successful, sustainable business by continuing to grow its portfolio of renewable energy operating assets - increasing its output of clean, green power, while seeking to provide a secure long-term dividend stream for its shareholders.

Thrive Renewables aims to provide shareholders with a commercial financial return on their investment, through a combination of share price growth and regular annual dividends.

Historic dividends

A dividend has been paid in 11 of the past 12 years. The annual dividend paid in 2019 was 7 pence, with a 40 pence interim dividend also being paid..

Date paid Amount Financial return
July 2019 7 pence 3.1%
April 2019 40 pence (interim dividend) 15%
July 2018 4 pence 1.5%
July 2017 4 pence 1.7%
July 2016 4 pence 1.7%
July 2015 4 pence 1.86%
July 2014 4 pence 1.86%
August 2013 2 pence 1%
August 2012 4 pence 2.1%
August 2011 0 pence 0%
August 2010 3 pence 1.7%
October 2009 2 pence 1.1%
September 2008 2 pence 1.2%
August 2007 4 pence 2.7%
August 2006 1 pence 0.7%
Please note that past performance is not necessarily a guide to the future. Also, the financial return percentages above are based on the Thrive Renewables recommended share price, not the price for traded shares. The price for traded shares are given in the graph on the latest prices tab.

How dividends are paid

In years where dividends are approved by the Directors to be issued to shareholders, they are usually paid in July, and can be paid by cheque or by BACS direct to your bank account.

Shareholders can also receive their dividend in the form of more shares in the company. This is known as the SCRIP dividend scheme. Shareholders should contact the Registrar Computershare for more information.


Why invest in Thrive Renewables?

Thrive Renewables is one of the most widely owned renewable energy company in the UK with over 5,000 shareholders.

The ExplorerDome
The ExplorerDome

ExplorerDome is a mobile, inflatable planetarium show which invites young people to join in with a free educational experience about the environment and renewable energy. Each year, the ExplorerDome team travels from Bristol to visit primary schools close to Thrive sites around the country. Read more

Minimum investment amount

None


Maximum investment amount

None


Fees payable to purchase this product

Charges Buyer Seller
MBS provider Commission charge Nil 1.65% of the total amount of the sale on the first £7,000, 0.5% on the balance over £7,000.
Stamp Duty Charge 0.5% of the total amount of the purchase, rounded to the nearest £5. Nil
MBS provider Compliance charge One off charge of £10 One off charge of £10
Certificated holding charge (this charge applies to any trade where the holding is held in certificated form as a paper share certificate) One off charge of £20 One off charge of £20

Ethex is not the broker for these shares. The following charges will be made for buying and selling via the Matched Bargain Service. The MBS provider will provide buyers and sellers with their standard charges summary with full details on application, along with Terms and Conditions.  For more information contact Andrew Johnson on0161 764 4043 or email a.johnson@jamessharp.co.uk.

Statutory charges

Investments of £1,000 or more will incur stamp duty of 0.5%


Getting your money back

You can only get back the money you invest in these shares by finding someone else that is willing to buy them at the price you want to sell them at.

Thrive Renewables Plc Share Buy-Back Policy

As part of the Directors ongoing commitment to providing share trading liquidity, Thrive have re-introduced a share Buy-Back Policy. Shareholders are eligible to benefit from the Buy-Back policy if they have been listed to sell their shares on the Matched Bargain Service for 12 months or more. Under the Buy-Back policy, the Company undertakes to purchase shares from eligible shareholders at a 10% discount to the Director’s Recommended Share Price, subject to a number of conditions. The conditions include, shareholder approval at the AGM and the Company having adequate financial resources to fund the share Buy-Back. It is the Directors intention that the Buy-Back Policy will increase the liquidity of the secondary shares market and enable sellers to achieve a fair price for their shares. The Directors reserve the right to cease offering the Buy-Back at any time.

The full policy can be downloaded here


Selling your shares

If you are interested in selling your shares please contact Andrew Johnson on 0161 764 4043 or email a.johnson@jamessharp.co.uk. The provision of this service does not guarantee that you will be able to buy or sell shares, nor the price at which you may be able to do so.


How secure is your money?

Buying shares in the Thrive Renewables makes you a part-owner of the business. This means that you receive a share of any profits paid out as dividends, and your shares can go up in value if the business goes well. However, if the business does not make profits you may not receive a dividend and your investment may go down in value. Thrive Renewables Shares are intended for a long term investment and income may fluctuate.

This investment is not covered by any government compensation scheme.

Please note: the Ethex Bulletin Board Service does not constitute a recognised investment exchange, and Thrive Renewables PLC cannot provide advice on the merits or suitability of this investment. We remind you that because investments and the income from them can go down as well as up, you may lose some or all of the money you invest. Yields are variable and neither income nor capital are guaranteed.


Keeping track of your investment

The details of your investment are recorded on your share certificate and by the company's registrars.

The company sends out a full annual report once a year, in May, together with an invitation to the annual general meeting. The company also sends out an interim report in October.

If you have an Ethex Member's Account, you can track your investment and follow the performance of the business using the Ethex portfolio service.


Voting rights

This investment entitles you to one vote in Thrive Renewables PLC for each share you buy.


Eligibility

If you are not a UK resident, please contact us at help@ethex.org.uk and we will discuss the terms and conditions of investing in this product with you.


Important Information

Thrive Renewables is the trading name of Renewables plc. Registered in England and Wales 2978651. Registered office: Deanery Road, Bristol BS1 5AS. www.thriverenewables.co.uk

Any investment decision regarding shares in Thrive Renewables plc should not be made solely on the basis of information on this website.

Further information regarding the purchase and sale of shares in Thrive Renewables can be obtained from the Company by phoning Andrew Johnson on 0161 764 4043 or email a.johnson@jamessharp.co.uk.

If you are unsure regarding investing in shares you should consult a person authorised for the purposes of the Financial Services and Markets Act 2000 (as amended) who specialises in advising on the purchase and sale of shares.

Invest now

Apply to buy or
sell shares

Click here to find out how to buy or sell shares through the secondary market.

Need help?

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

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