Oxford North Community Renewables Ltd is a Community Benefit Society (a form of industrial and provident society). You can choose to invest in one or both of two classes of ordinary shares.  The legal classification of both classes of shares is “withdrawable”, a type of share unique to industrial and provident societies.  The principal characteristic of this type of share is that they cannot be sold or traded, in contrast with the more usual “transferable” shares which are typical for a limited company.

In this share offer we are offering two different classes of shares:

1. “Returnable” shares

Withdrawable shares where a shareholder can apply to have all of their capital returned to them by ONCORE at any time following year 3, and thereby completely exit their investment before the end of 25 years  and

2. “25-year pledge” shares

Withdrawable shares where the shareholder opts at the beginning to have their capital returned to them gradually over 25 years  and waives their right to ask for it all back at once.

	Returnable shares	25 year pledge shares
Amount you can invest	£500-£20,000	£500-£20,000
Exit	Any time after year 3	Year 25 only
Forecast interest rate	3%	4.2%
Interest for tax payers	4.3%	6.3%