You can’t sell your Reading Hydro shares in the first 12 months. After that, you can only sell them back to Reading Hydro CBS. Investing in Reading Hydro is intended to be for the long term, and it’s at the discretion of the Directors whether shares will be bought back, and only if funds are available.
Fantastic breaking news – Reading Hydro has received a boost to our share raise, thanks to an offer of a £100k investment from Power to Change. With this we have reached our £700k target! Thank you so much to everyone who has invested.
Our share offer will stay open as stated to February 14th, but we may have to scale back applications for shares. To encourage community ownership, we will give priority to applications from Reading residents.
Once the scheme is up-and-running, we aim to offer 4% interest to investors each year (or at the rate of inflation if that is higher). The rate is not guaranteed, it will be agreed by Reading Hydro members at the AGM and depend on the income and costs during the previous year. You can invest and chose not to receive interest.