NEWS |
NEW August Newsletter |
Now that the dust has settled following the emphatic planning appeal victory, normal service has resumed, and we are planning the next stages of the campaign. Over the last few weeks we have been in various meetings regarding funding options, and plans are being put in place for the next steps. Next week we have the pleasure of welcoming our superstar barrister back up north for another round of very important meetings. Unfortunately, we need to keep our cards close to our chest, and therefore cannot announce details on the website and social media, but should anybody wish to know more about the current state of play, please come along to our next meeting on April 13th 2017, at the White Swan in Outlane, where we will be happy to discuss. There is no better time to get involved, either helping with our numerous events, which will start to pick up again now the distractions are out of the way, or joining our unique Share Issue. The prospectus, application form and standing order mandate can be downloaded here. |
In this months issue:
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UPCOMING EVENTS
Watch this space for upcoming events...
SHARE ISSUE UPDATE...
It was only a matter of weeks after launching our unique share issue that Mr Gale, the owner of the Holywell Inn, submitted his latest planning application, which moved our focus from promoting the share issue to fighting a planning application that should never have been allowed to be considered.
So, now we have that obstacle out of the way, we can get back to business, and boy are we in better shape then we were 6 months ago.
Without the promotion it deserves, the share issue has still been steadily growing, providing a regular income to the campaign. These funds are sitting in the Holywell Community Pub Share Issue bank account, and will only be used when we are in a position to purchase and renovate the building.
This regular income is such a positive message to give to funding bodies, it shows that we have a core of people committed to the venture, and have the necessary funds to service finance in the short term until the Holywell Inn is finally re-opened.
But ideally, we need more investors. The more investors we have the more attractive our proposition looks to financial institutions.
So here is a summary of the Share Issue:
To become a member is very simple just download the Share Issue Prospectus HERE and read fully. Complete the standing order mandate and return it to your bank. And that's it.
However, if you have any questions, don't hesitate to contact the facilities manager, Mark Stead by phone on 07737 884679 or by email at hcplShareIssue@outlook.com
So, now we have that obstacle out of the way, we can get back to business, and boy are we in better shape then we were 6 months ago.
Without the promotion it deserves, the share issue has still been steadily growing, providing a regular income to the campaign. These funds are sitting in the Holywell Community Pub Share Issue bank account, and will only be used when we are in a position to purchase and renovate the building.
This regular income is such a positive message to give to funding bodies, it shows that we have a core of people committed to the venture, and have the necessary funds to service finance in the short term until the Holywell Inn is finally re-opened.
But ideally, we need more investors. The more investors we have the more attractive our proposition looks to financial institutions.
So here is a summary of the Share Issue:
- Share Offer - 120,000 shares at £1 to raise £120,000
- Maximum of 100 share subscriptions - Any member can buy more than one subscription
- Instalment based - £25 per month per subscription for 48 months
- Target annual compensation - Up to 2% over Co-Op bank Base rate
- Every member has an equal say, one member one vote
To become a member is very simple just download the Share Issue Prospectus HERE and read fully. Complete the standing order mandate and return it to your bank. And that's it.
However, if you have any questions, don't hesitate to contact the facilities manager, Mark Stead by phone on 07737 884679 or by email at hcplShareIssue@outlook.com
