What guarantees do I have?

How does the share offer work and what guarantees do I have for my investment?

 

No form of investment is entirely without risk. This is a long-term investment, and the value you will receive includes the contribution you will be making to community benefit.

The value of a share in Ovesco Limited cannot increase beyond the nominal value of £10 and can be reduced if liabilities exceed assets.

 

Shares can only be sold back to Ovesco Limited; to get back the sum you initially invested (or any reduced value) you will have to give 180 days’ notice. This can be done only after two years have elapsed from the date when the solar roof begins producing electricity.

 

Withdrawal will be at the discretion of the Directors, who will have to judge whether Ovesco Limited has adequate cash reserves to fund withdrawal at that time.

 

Ovesco Limited can pay interest on shares and intends to do so, but the Directors must exercise their discretion to take particular account of the fact that Ovesco Limited provides an opportunity for people to contribute financially to the community with an expectation of a community benefit, as well as for financial reward.

 

We will consider sympathetically all requests to withdraw money, and intend each year to support requests totalling at least 5% of the total invested if means permit.

 

Cartoon Dear Ann

Read about the share offer, click here to download the PDF Download PDF

 

Click here to download the application formClick here to download the application form