Why invest in shares?
Broadband for Preston Richard is a Community funded and implemented project. The community need to invest in the network infrastructure and the cost of installation before B4RN can take it over and run the service. The Preston Richard network has an estimated cost of £200,000. We hope to receive approximately £100,000 towards this through the government GBVS (Gigabit Broadband Voucher) Scheme. We need to raise the rest through community investment. The community can help achieve this by investing in B4RN shares and allocating their investment to the Preston Richard project. See below to find out how. The shares are currently offering a favourable 5% pa return.
What happens to my investment in B4RN shares if the Preston Richard project does not succeed?
Whilst we encourage members of the community to allocate their investment to Preston Richard, to help B4RNPR achieve its goals, your money is invested in the B4RN community benefit society and so your investment does not depend on individual projects completing.
B4RN Shares
• Minimum shareholding £100, maximum £100,000
• All shareholders are members of B4RN - one member one vote
• Shares must be held for minimum of 3 years
• Current rate of interest is 5% paid out or reinvested year on year
• Shareholders investing £1,500 or more can claim free connection – worth £150
• Shares are “withdrawal” shares – and can only be sold back to B4RN at the face value.
The above information does not constitute investment advice. We recommend you consult your professional adviser.
The information above is only a summary. Full details are available on B4RN’s website: https://b4rn.org.uk/community/investors/
You can download the relevant share application form for investing in B4RN shares from the B4RN website on their Resources page: https://b4rn.org.uk/wp-content/uploads/2018/11/Share-application-form-B4RN-V6-13.11.18...pdf or using the slightly more manageable:
www.tinyurl.com/B4RNPR-shares
Details of how to complete the share application form can be found below. Please make sure that you allocate your investment to Preston Richard. The form can be sent in the post or scanned and emailed.
The form has 5 pages but as a private investor you only need to fill out pages 1,2 & possibly 3.
1. On page 1, Section A - insert the amount you want to invest in the £ box. (If you invest £1,500 or more you’ll also get free connection worth £150.)
2. The easiest (and preferred) way to make your investment payment to B4RN is by BACS. This method of payment requires a reference number which can be obtained by sending an email to info@b4rn.org.uk. You can then use the same reference number for any future applications using BACS transfers. The B4RN account details are on the form.
3. Cheques should be made payable to Broadband for the Rural North Limited and sent to B4RN’s Melling address (see point 9 below) along with your completed application form.
4. Complete the box for your name and address at the bottom of page 1.
5. Go to page 2. Sign and Date the Data Protection & Money Laundering box.
6. Section B; “Investment allocation preference” - tick the box to allocate your investment to help build the route that will connect…… and insert the name of the community as Preston Richard to ensure that your investment contributes to the Preston Richard project.
7. Sign in the box at the bottom of section B.
8. Only go to page 3 if you want to nominate a person to whom the shares should be transferred to on your death. If so then complete that person’s details – sign – and get your signature witnessed.
9. And finally — send the completed application form to:
Kristina Fournier,
Broadband for the Rural North Ltd,
Station Yard,
Melling,
Carnforth
LA6 2QY
or you can email a scanned copy of the share application form as an attachment to
K.Fournier@b4rn.org.uk.
Once B4RN have the application form and payment has been cleared they will post your share certificate to you.
10. You will receive an email and/or text message confirming your payment and notifying you that a share certificate will be posted to you.
The above information does not constitute investment advice. We recommend you consult your professional adviser.
What happens to my investment in B4RN shares if the Preston Richard project does not succeed?
Whilst we encourage members of the community to allocate their investment to Preston Richard, to help B4RNPR achieve its goals, your money is invested in the B4RN community benefit society and so your investment does not depend on individual projects completing.
B4RN Shares
• Minimum shareholding £100, maximum £100,000
• All shareholders are members of B4RN - one member one vote
• Shares must be held for minimum of 3 years
• Current rate of interest is 5% paid out or reinvested year on year
• Shareholders investing £1,500 or more can claim free connection – worth £150
• Shares are “withdrawal” shares – and can only be sold back to B4RN at the face value.
The above information does not constitute investment advice. We recommend you consult your professional adviser.
The information above is only a summary. Full details are available on B4RN’s website: https://b4rn.org.uk/community/investors/
You can download the relevant share application form for investing in B4RN shares from the B4RN website on their Resources page: https://b4rn.org.uk/wp-content/uploads/2018/11/Share-application-form-B4RN-V6-13.11.18...pdf or using the slightly more manageable:
www.tinyurl.com/B4RNPR-shares
Details of how to complete the share application form can be found below. Please make sure that you allocate your investment to Preston Richard. The form can be sent in the post or scanned and emailed.
The form has 5 pages but as a private investor you only need to fill out pages 1,2 & possibly 3.
1. On page 1, Section A - insert the amount you want to invest in the £ box. (If you invest £1,500 or more you’ll also get free connection worth £150.)
2. The easiest (and preferred) way to make your investment payment to B4RN is by BACS. This method of payment requires a reference number which can be obtained by sending an email to info@b4rn.org.uk. You can then use the same reference number for any future applications using BACS transfers. The B4RN account details are on the form.
3. Cheques should be made payable to Broadband for the Rural North Limited and sent to B4RN’s Melling address (see point 9 below) along with your completed application form.
4. Complete the box for your name and address at the bottom of page 1.
5. Go to page 2. Sign and Date the Data Protection & Money Laundering box.
6. Section B; “Investment allocation preference” - tick the box to allocate your investment to help build the route that will connect…… and insert the name of the community as Preston Richard to ensure that your investment contributes to the Preston Richard project.
7. Sign in the box at the bottom of section B.
8. Only go to page 3 if you want to nominate a person to whom the shares should be transferred to on your death. If so then complete that person’s details – sign – and get your signature witnessed.
9. And finally — send the completed application form to:
Kristina Fournier,
Broadband for the Rural North Ltd,
Station Yard,
Melling,
Carnforth
LA6 2QY
or you can email a scanned copy of the share application form as an attachment to
K.Fournier@b4rn.org.uk.
Once B4RN have the application form and payment has been cleared they will post your share certificate to you.
10. You will receive an email and/or text message confirming your payment and notifying you that a share certificate will be posted to you.
The above information does not constitute investment advice. We recommend you consult your professional adviser.
