With most of £250k received and the rest expected, we have reached our target for the share offer on time!
Thanks so much to everyone who has invested or spread the word of the share offer.
This means that we can start using the money on our LED projects straight away!
We will update you all on our progress as soon as we get started.
We’ve decided to keep the share offer open into March, until we’re ready to launch the bond offer. Further investment in shares will be an important signal to the market ahead of the bond offer, that our shareholder community is very much behind these 10 projects and the benefits they will deliver to schools. Also, as we’ve laid out, the more we raise via the share offer vs the bond, the higher the interest rates our investors will receive. For example, with £300k raised compared to £250k, all shareholder returns go up from 5.12% to 5.32%, providing a financial gain as well as more security that we can get these projects done.
So if you’ve invested already and would like to increase your interest, if you’ve been thinking about investing but haven’t yet, or if you think you know someone else who might want to invest in clean, affordable energy for schools in south east London, then please do invest now!
Increasing your investment?
Note: if you have already invested in the share offer and would like to increase your investment you can either:
- resubmit an existing form with the new higher total to shareoffer@se24.co.uk or
- submit a second application form by visiting the share offer page and downloading a new pack.
