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.

Thrive Renewables’ secondary shares market is run by an experienced independent stockbroking partnership, James Sharp & Co. The monthly share auctions allow unlisted companies like Thrive Renewables plc, to trade shares. Please read the information about the monthly share auctions below. 

In order to buy and sell shares, you need to register with James Sharp & Co.

REGISTER NOW

James Sharp & Co are available during office hours to answer questions and provide further information. Please call or email for further details.

0161 762 3763*Email

  *Calls are charged at local rate and lines are open Mon-Fri 08:00-17:15.

 

Key features of the monthly share auctions

BUYERS

A simple process, 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 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

It’s straightforward, 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.

The trades will always be matched and transact at the buyers’ price. In cases where there are several sellers stating the same minimum price, sellers will be prioritised according to how long their shares have been listed. 

 

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 or the Alternative Investment Market. 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.

Date of auction

Date by which all sell orders must be placed with James Sharp & Co. Please apply in advance of this date to allow enough time for completing and returning the application form

Date by which all buy orders must be placed with James Sharp & Co. Please apply in advance of this date to allow enough time for completing and returning the application form

3 Jan 2020

4pm on 27 December 2019

12.00 midday on 3 January 2020

3 Feb 2020 4pm on 27 January 2020 12.00 midday on 3 February 2020

 

RESULTS FROM PREVIOUS AUCTIONS

The table below shows the results from past monthly auctions

 

Date of auction

Total number of shares traded  

Average price shares traded at 

2 December 2019

25,601 shares

£2.13 per share

1 November 2019

3,407 shares

£1.99 per share

1 October 2019

7,755 shares

£1.87 per share

2 September 2019

17,939 shares 

£1.74 per share

1 August 2019

35,955 shares

£1.71 per share

1 July 2019

19,516 shares

£1.68 per share

3 June 2019

27,900 shares

£1.56 per share

30 April 2019

11,701 shares

£1.52 per share

29 March 2019

15,744 shares

£1.51 per share

28 February 2019

31,500 shares

£1.57 per share

30 November 2018

8,281 shares

£1.48 per share

30 October 2018

16,550 shares

£1.54 per share

28 September 2018

5,500 shares

£1.50 per share

31 August 2018

13,314 shares

£1.50 per share

31 July 2018

11,200 shares

£1.50 per share

29 June 2018

24,500 shares

£1.50 per share

31 May 2018

15,000 shares

£1.50 per share

30 April 2018

19,951 shares

£1.56 per share

30 March 2018

9,694 shares

£1.56 per share

28 February 2018

13,186 shares

£1.51 per share

31 January 2018

12,600 shares

£1.37 per share 

21 December 2017

19,291 shares

£1.58 per share 

30 November 2017

39,925 shares

£1.46 per share 

31 October 2017

6,210 shares

£1.49 per share

29 September 2017

4,900 shares

£1.50 per share

31 August 2017

2,500 shares

£1.56 per share

31 July 2017

9,055 shares

£1.65 per share 

30 June 2017

19,690 shares

 £1.68 per share 

31 May 2017

23,125 shares

£1.64 per share 

28 April 2017

12,000 shares

£1.74 per share 

31 March 2017

13,118 shares

£1.82 per share 

28 February 2017

18,082 shares

£1.86 per share

31 January 2017

18,158 shares

£1.97 per share 

 

CHARGES FOR BUYING AND SELLING SHARES

James Sharp & Co will provide buyers and sellers with their standard charges summary on application:

Charge

Buyer

Seller

James Sharp & Co Commission charge

No Fee

1.65% of the total amount of the sale on the first £7,000, 0.5% on the balance over £7,000.

Stamp Duty Charge

0.5% of the total amount of the purchase, rounded to the nearest £5.

No Fee

James Sharp & Co Compliance charge

One off charge of £10

One off charge of £10

Certificated holding charge (this charge applies to any trade where the holding is held in certificated form as a paper share certificate)

One off charge of £20

One off charge of £20

 

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 Director’s Recommended Share Price

 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

Apply to buy or sell Thrive shares

In order to buy and sell shares, you need to register with James Sharp & Co.

REGISTER NOW

For more information and an Application Form contact:

0161 762 3763*Email

  *Calls are charged at local rate and lines are open Mon-Fri 08:00-17:15.

Thrive is making a difference! Visit our Impact section to see how much carbon emissions our investors are saving.

This financial promotion has been issued and approved 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.