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Monthly Share Auctions
How to buy or sell Thrive shares through monthly share auctions.
Shares in Thrive Renewables are currently available to buy. They are traded through monthly share auctions. As with all investments, your capital is at risk.
Thrive Renewables’ secondary shares market is run by share matching platform, JP Jenkins. The monthly share auctions allow investors in unlisted companies like Thrive Renewables plc, to trade shares. Please read the information about the monthly share auctions below.
JP Jenkins are available on +44 (0) 20 7469 0937 during office hours to answer questions and provide further information.
Key features of the monthly share auctions
BUYERS
Buyers decide on the price per share they’re willing to pay, and the number of shares they wish to buy. Buyers can choose to buy shares at the current Directors’ Valuation or set their own price.
The Directors’ Valuation is provided as a guide to the value of Thrive Renewables based on all its construction and operational assets, which have largely predictable long-term cash flows. Shares are matched by prioritising the highest priced buyer with the seller who has been waiting the longest to sell and is willing to accept the price offered. Shares will transact at the buyer’s price.
SELLERS
Sellers decide the minimum price they’ll accept for their shares. Sellers can choose to sell shares at the current Directors’ Valuation or set their own price.
The way the share auction works is that the seller can determine a minimum price that they would be willing to accept, so they won’t ever sell the shares at a price they are unhappy with. Shares are matched by prioritising the highest priced buyer with the seller who has been waiting the longest to sell and is willing to accept the price offered. Shares will trade at the buyer’s price.
HOW SHARES ARE MATCHED
The highest priced buyer is matched with the equivalent price seller whose shares have been listed for the longest time. So, sellers who have been waiting the longest and are willing to accept the buyer’s offer are matched first, and if sellers have been listed for the same amount of time, they are then prioritised based on the lowest reserve price set.
The trades will always be matched and transact at the buyers’ price.
ADMINISTRATION & COSTS
In order to participate in the monthly share auctions, you will need to appoint a broker. If you do not already use a broker, JP Jenkins provide a list which can be found here.
Settlement costs/fees for buyers and sellers participating in the monthly auctions are covered by Thrive Renewables. Individual broker transaction fees are paid by buyers and sellers directly to the broker once a match has been completed. Please liaise with your broker directly regarding their fee.
IMPORTANT INFORMATION
Thrive Renewables plc is an unlisted company and shares in Thrive Renewables plc aren’t traded on an investment exchange such as the London Stock Exchange (LSE) or the Alternative Investment Market (AIM). This means share transactions can be infrequent, and there may be a delay between you giving instructions to buy or sell shares and your order being completed. It also means it can be difficult to assess your investment’s value.
The value of your investment and any income from it may fall and you may get back less than, or none of, the amount you invested. The Directors’ Valuation will always be published on the Thrive Renewables website.
DATES OF UPCOMING AUCTIONS
Below are the dates of the monthly share auctions at which you can buy or sell Thrive Renewable shares.
| Monthly auction | Date by which all sell orders must be placed | Date by which all buy orders must be placed |
| April 2024 | 12pm on 23 April 2024 | 12pm on 30 April 2024 |
| May 2024 | 12pm on 27 May 2024 | 12pm on 3 June 2024 |
RESULTS FROM PREVIOUS AUCTIONS
The graph and table below show the results from past monthly auctions. Past performance is not an indicator of future performance. Further information on historical auctions is available on request.
| Monthly auction |
Total number of shares traded |
Average price shares traded at |
|
March 2024 |
1,249 shares |
£1.75 per share |
|
February 2024 |
500 shares |
£1.90 per share |
|
January 2024 |
500 shares |
£2.07 per share |
|
December 2023 |
2,000 shares |
£2.00 per share |
|
November 2023 |
11,100 shares |
£2.05 per share |
|
October 2023 |
12,778 shares |
£2.12 per share |
Past performance is not an indicator of future performance.
Thrive Renewables Plc Share Buy-Back Policy
- As part of the Directors’ ongoing commitment to providing share trading liquidity, we currently operate a share Buy-Back Policy.
- Shareholders are eligible to benefit from the Buy-Back policy if they have owned their shares for at least 24 months, and had their shares listed for sale on the Matched Bargain Market for a period of 12 months or more.
- Under the Buy-Back policy, the Company undertakes to purchase shares from eligible shareholders at a 10% discount to the Directors' Valuation
It is the Directors’ intention that the Buy-Back Policy will increase the liquidity of the secondary shares market and enable sellers to achieve a fair price for their shares.
Read and download the Buy-Back Policy.
If you have any questions please Contact Us
How to buy or sell Thrive shares
To find out more, please visit JP Jenkins online or call them on +44 (0) 20 7469 0937.
Thrive is making a difference! Visit our Impact section to see how much carbon emissions our investors are saving.
This financial promotion was approved on 3 April 2024 by Triodos Bank UK Limited, registered in England and Wales with no. 11379025. Registered Office: Deanery Road, Bristol BS1 5AS, United Kingdom. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 817008.
