The following is an example of the year-end share interest options presented to you as a shareholder.
Lets say you invested £1,500 on the 31st March 2024. This will earn 5% interest throughout the financial year. At the 31st March 2025, our year-end, a share interest statement is produced informing you of the total interest earned in the year. In this case, it will be £75.
You are now presented with two options:
Option A: Convert your interest into shares, and add them to your account ready for the 1st April 2025. You do not need to do anything to select this option as it will happen automatically as it is the default action.
Option B: Request that the interest you have earned over the year be paid out to you, and choose not to convert it into shares that would otherwise be added to your shareholding.
You can see, by converting your interest into shares, your shareholding at the end of the next financial year will be worth £1,653 rather than the position you started at of £1,575.
The choice is completely up to you. We value you, our shareholders, and the investment you have put into B4RN - your Community Benefit Society. Your continued support allows us to provide world class broadband into places no other operators are willing to go, and with our customers we are able to support and maintain the network in our communities long into the future.
Please note that the window for the annual interest forms to be submitted ends on the 31st May. Please respond promptly to ensure you receive your payment by this date.
To submit the completed form via email, please print and complete by hand. Then, either scan the document or capture a clear photo and send the image to shareregistrar@b4rn.org.uk.
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