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Bristol Energy Cooperative

BEC Share Offer 3 - 2015 - OFFER CLOSED

£50 minimum

Risk factors

All investment and commercial activities carry risk, and investors should take appropriate advice and make their own risk assessment whilst bearing in mind the social and environmental aspects of this investment opportunity.

If you are in any doubt about the contents of this document or the action you should take, you are strongly recommended to consult a professional adviser authorised by the Financial Conduct Authority to advise on investment in unlisted debt, shares and other securities.

Supporting the community purpose of BEC should be the primary motivation for investment, and investment in the Society should be seen as a long-term social and environmental investment.


Risks associated with your investment

  • This investment is not suitable for those who require a guaranteed income or ready access to capital.
  • Interest payments are not guaranteed.
  • Descriptions of possible returns are illustrative only. There are variable and uncertain factors associated with any energy project.
  • The investment is for a minimum period of three years.
  • If the Society lacks sufficient cash then it may not be possible to withdraw your Shares.
  • If the Society is unable to meet its debts and other liabilities, you could lose up to the whole amount held in Shares (but no more than that amount).
  • Shareholders have no entitlement to receive a share in any surplus of the Society's assets on dissolution following the repayment to members of the nominal value attributable to their Shares because the Society has a statutory asset lock in its Rules.

Risks to Puriton solar array

  • BEC may be unable to raise enough capital to proceed with installations.
  • Capital costs of the installations could be higher than anticipated. Operational costs may rise faster than anticipated.
  • There may be interruptions to the generation of electricity from the installations once built, caused by damage to or mechanic/electrical failure of equipment.
  • Renewable energy generating equipment performance projections are based on methodologies commonly used by the industry, but long-term changes to weather patterns and/or equipment under-performance may result in lower levels of electricity generation and therefore income.
  • Changes in government legislation may affect the profitability of future renewable energy projects undertaken by BEC.
  • Previous investments made by BEC and possible future projects in which it invests could affect its ability to pay interest.
  • Investors may fail to qualify for EIS relief.
  • BEC may cease to qualify for EIS relief. If this were to happen within three years of your investment, it could result in your having to repay any income tax relief you have received.
  • BEC has undertaken a series of mitigation measures to reduce the risks stated above, including insurance, prudent management practices and alternative funding mechanisms.

 


This list is not necessarily comprehensive and you should read the entire Share Offer and the Rules of BEC to consider other risks which may impact upon your investment.

Offer Closed

Read More

As of the 1st of August this offer is closed. 

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