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 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. 

James Sharp & Co are available during office hours to answer questions and provide further information. You can call, email or request a callback.

0161 764 4043*EmailRequest callback

  *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 Date by which all buy orders must be placed
1 December 2020 4pm on 24 November 2020 12:00 midday on 1 December 2020
4 January 2021 4pm 28 December 2020 12:00 midday on 4 January 2021

 

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.

Date of auction

Total number of shares traded  

Average price shares traded at 

2 November 2020

38,995 shares

£2.32 per share

1 October 2020

43,369 shares

£2.26 per share

1 September 2020

50,500 shares

£2.17 per share

3 August 2020

23,900 shares

£2.11 per share

1 July 2020

23,565 shares

£2.11 per share

1 June 2020

42,279 shares

£2.12 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 £15

One off charge of £15

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 £25

One off charge of £25

 

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

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 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.