Following the successful share offer launch in November/December 2021 which together with Scottish Land Funding facilitated the purchase and refurbishment of The Anchor Tavern, we are pleased to invite you to invest in Port Bannatyne Development Trust Limited (a Community Benefit Society), through the purchase of community shares as described below.
The majority of shareholders will be local residents but you can support us from anywhere in the world and hopefully visit us one day knowing you own shares in a welcoming community establishment on Scotland’s beautiful west coast
As a condition of being supported by the Scottish Land Fund, our rules require that we must have at least 51% of our members resident in Port Bannatyne or the surrounding rural area. (Type A Member) This area is defined by a list of postcodes in a schedule to our rules; everyone who votes at Port Bannatyne Village Hall is included.
Anyone out-with that area will become a 'Type B Member' and we will only be able to accept an application if the total number of Type B Members does not exceed 49% of the total. If this means we are unable to accept your application, we will advise you that your name is on a waiting list and we will issues shares as soon as we are able to.
|Price per share||£1|
No individual shareholding may exceed 10% of the total amount raised
|Target interest rate||
This investment should be viewed as long-term safeguarding of a village facility. There will be no dividends payable to investors and the shares will not be tradeable. The payment of annual interest and the withdrawal of funds after 3 years will be subject to Port Bannatyne Development Trust Ltd Management Committee discretion.
For further information and an application form please email: email@example.com