Your promise to us
You promise that:
• Your cheque will be honoured on presentation.
• You as an individual are at least 16 years of age.
Drinks are on me lads! The sun’s come out and I’m in the money!
• You have authority to sign the application form. If you are signing it for another person, you will provide the Directors with evidence of your authority to sign if they ask to see it.
• You will provide us with proof of your identity and address if the Directors ask for it. We may need to do this to comply with the Money Laundering Regulations 2003. The Directors may have to hold back your shares until they see this.
• You are a British Citizen and resident in the United Kingdom.
Demutualisation – protection from ‘carpet-baggers’
You may not benefit financially from your shares if Ovesco Limited converts, or transfers its business or is wound up. In this case, the only financial benefit you may receive from your shares is the possibility of interest (at a low rate).
The possibility of the return of the money you pay for your shares
The Directors draw your attention to your obligations under Rule 14 of Ovesco Limited’s Rules, regarding the windfall if Ovesco converts, transfers its business or is wound up. If any greater financial benefit comes into your hands, it will belong to such charity or community benefit society as we may nominate from time to time. You are to hold the benefit on trust for that charity or community benefit society. To secure that (and your obligation under Rule 14.2 of our Rules) you appoint as your attorney the person holding office (from time to time) as our Secretary. That appointment is irrevocable. Your attorney has power to sign on your behalf an undertaking for which we may ask in accordance with Rule 14.3.
• The law of England applies to these terms.
• The courts of England and Wales have non-exclusive jurisdiction.
• You will be bound by the Rules of Ovesco Limited (which may be amended from time to time) if the Directors issue shares to you.
Read about the share offer, click here to download the PDF ![]()
Click here to download the application form![]()


