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 1: Compound
Convert your Interest 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 2: Annual
Request that your Interest be paid to you
In which case it will be paid to you and not be converted into shares, your shareholding will remain the same.
The choice is yours;
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.
Option 1 - Compound
E.g. 1st April 2023, you invest in £1,500 worth of shares.
On 31st March 2024, the interest earned is 5% on £1,500 = £75.
£75 worth of shares is added to your shareholding - now £1,575 worth of shares.
On 31st March 2025, the interest earned is 5% of £1,575 = £78.
£78 worth of shares is added to your shareholding - now £1,653 worth of shares etc.
Option 2 - Annual
E.g. 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 = £75.
You request payment of interest via an interest payment request form before 31st May 2024.
Payment of £75 is made to your designated bank account
Your shareholding remains at £1,500 worth of shares.
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