Thrive has invested over £12 million into clean energy projects in 2017 including its ‘community bridge funding’ to Mean Moor wind farm. With Thrive’s support, it’s the first UK wind farm to transfer from commercial to community ownership. We’ve now invested in 21 UK projects and are generating enough clean energy to power the equivalent of 40,000 UK homes providing a financial, social and environmental returns for our investors.
With over 5,500 shareholders, and more than 1,000 bondholders, we’re building our investor community. We do this in two ways, through a bond or share offers when we’re looking to raise large sums for specific projects. This happens roughly every two years with the last bond offer completing in February 2017. The money raised has been put to work, generating returns and connecting more individuals to clean energy.
The other way to get involved and join Thrive’s community of investors is to purchase shares at our monthly share auctions run by our dedicated broker, James Sharp & Co. The monthly auctions allow existing shareholders to grow their stake in Thrive and for new investors to join us and contribute to cleaning up the UK's energy system.
About the 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.
- The initial share 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.
In 2018, we’ll continue to invest in community energy projects connecting more people to renewables.
We also continue to make Thrive shares available each month via our monthly share auctions, which underpins our continued growth and our accessible business model.
For more information about our share auctions and how to get involved visit: