Annual Interest

Annual Interest and End of Year Options

Your shares in B4RN earn interest at a rate of 5% throughout the financial year.

Interest is paid gross once a year on the 31st of March, our year-end, and a share interest statement is produced informing you of the total interest earned in the financial year (the annual interest).

You then have the following two options regarding the annual interest.

Option A: Convert it into shares and add them to your shareholding.

You do not need to do anything to select this option; at our year-end, the annual interest will automatically be added as new shares to your account.

Option B: Request that it be paid to you

In which case it will not be converted into shares and won't be added to your shareholding.

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 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.

Example 1 - Option A

Say, on the 1st April 2023, you have a shareholding of £1,500 worth of shares.

On 31st March 2024, the interest earned is 5% of £1,500 which is £75.

You choose to convert the interest into shares (Option A).

£75 worth of shares is added to your shareholding.

Your shareholding is now £1,575 worth of shares.

On 31st March 2025, the interest earned is 5% of £1,575 which is £78.

You choose to convert the interest into shares (Option A).

£78 worth of shares is added to your shareholding.

Your shareholding is now £1,653 worth of shares.

Example 2 - Option B

Say, on 1st April 2023, you have a shareholding of £1,500 worth of shares.

On 31st March 2024, the interest earned is 5% of £1,500 which is £75.

You request payment of interest (Option B) and we receive your completed interest payment request from before 31st May 2024.

Payment of £75 is made to your designated bank account.

Your shareholding is now £1,500 worth of shares.

On 31st March 2025, the interest earned is 5% of £1,500 which is £75.

You request payment of interest (Option B) and we receive your completed interest payment request from before 31st May 2025.

Payment of £75 is made to your designated bank account.

Your shareholding is now £1,500 worth of shares.

Example 3 - Option A then Option B

Say, on 1st April 2023, you have a shareholding of £1,500 worth of shares.

On 31st March 2024, the interest earned is 5% of £1,500 which is £75.

You choose to convert the interest into shares (Option A).

£75 worth of shares is added to your shareholding.

Your shareholding is now £1,575 worth of shares.

On 31st March 2025, the interest earned is 5% of £1,575 which is £78

You request payment of interest (Option B) and we receive your completed interest payment request from before 31st May 2025.

Payment of £78 is made to your designated bank account.

Your shareholding is now £1,575 worth of shares.