Monthly Share Auctions

How to buy or sell Thrive secondary shares 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, that are not currently listed on a regulated market, to trade shares.

 

How to buy or sell Thrive shares

Please read the information about the monthly share auctions below. 

If you have any questions, or wish to buy or sell Thrive shares, call / email for an Application Form to:

0161 762 3763*Email

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

You can also visit Ethex.org.uk for Thrive Renewables' secondary shares

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 chose to buy shares at the current Directors’ recommended share price (DRSP) or set their own price.

The DRSP is provided as a guide to the value of the Company 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 lowest priced seller, and shares will always trade at the buyer’s price.

Buyers cannot see what price other buyers are bidding at. As buyers can’t see the highest current bid, this stops them from just bidding a penny more than the best current bid, and should ensure the sellers always receive the highest possible price a buyer is willing to pay for the shares.

SELLERS

It’s straight forward, sellers decide the minimum price they’ll accept for their shares. Sellers can choose to sell shares at the current Directors’ recommended share price 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 lowest priced seller, and shares will always trade at the buyer’s price.

HOW SHARES ARE MATCHED

Shares are matched by prioritising the highest priced buyers and the lowest priced sellers. 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 receive the weighted average of the buyers' price. 

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

28 Feb 2018

4pm on 21 February 2018

12.00 midday on 28 February 2018

30 Mar 2018

4pm on 23 March 2018

12.00 midday on 30 March 2018

  

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 (minimum and maximum prices achieved in the auction)

31 January 2018

12,600 shares

£1.37 per share (£1.51 to £1.31)

21 December 2017

19,291 shares

£1.58 per share (£1.51 to £1.62)

30 November 2017

39,925 shares

£1.46 per share (£1.40 to £1.50)

31 October 2017

6,210 shares

All shares traded at £1.49 per share

29 September 2017

4,900 shares

All shares traded at £1.50 per share

31 August 2017

2,500 shares

All shares traded at £1.56 per share

31 July 2017

9,055 shares

£1.65 per share (£1.60 to £1.78)

30 June 2017

19,690 shares

 £1.68 per share (£1.67 to £1.77)

31 May 2017

23,125 shares

£1.64 per share (£1.59 to £1.80)

28 April 2017

12,000 shares

£1.74 per share (£1.70 to £1.75)

31 March 2017

13,118 shares

£1.82 per share (£1.82 to £1.86)

28 February 2017

18,082 shares

£1.86 per share (£1.80 to £1.92)

31 January 2017

18,158 shares

£1.97 per share (£1.96 to £2.05)

 

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

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’ recommended share price will always be published on the Thrive Renewables website. When the share price changes, we contact shareholders to let them know.

This financial promotion has been issued and approved by the UK division of Triodos Bank NV (incorporated under the laws of the Netherlands with limited liability, registered in England and Wales with branch number BR3012). Triodos Bank NV is Authorised by the Dutch Central Bank and subject to limited regulation by the Financial Conduct Authority and Prudential Regulation Authority. Details about the extent of Triodos Bank NV’s regulation by the Financial Conduct Authority and Prudential Regulation Authority are available from us on request. Triodos Bank NV’s Registered office: Triodos Bank NV, Deanery Road, Bristol, BS1 5AS.

Thrive Renewables Plc Share Buy-Back Policy

  • As part of the Directors’ ongoing commitment to providing share trading liquidity, we have re-introduced a share Buy-Back Policy.
  • Shareholders are eligible to benefit from the Buy-Back policy if they have been listed to sell their shares in the monthly share auctions for 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.

Next steps

  • The Buy-Back is subject to shareholder approval at the AGM on 22nd June 2018 and the Company having adequate financial resources to fund the share Buy-Back. 
  • Eligible shareholders will be contacted by Thrive in April and invited to confirm their interest in participating in the Buy-Back.
  • The Directors reserve the right to cease offering the Buy-Back at any time. 

 Read and download the Buy-Back Policy.

If you have any questions please Contact Us

Apply to buy or sell Thrive shares

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.

You can also visit Ethex.org.uk for Thrive Renewables' secondary shares.

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