The Co-operative is issuing new shares to provide long-term funding for the recently installed solar panels at St Paul’s Church Addlestone. At this stage, it looks like all the new shares will be taken up by Church members so we are not sending out invitations to apply for shares.

Details of the issue 

The maximum investment offer is 13,500 shares at £1 each.

The Shares will have a target interest rate of 4.5% and are intended to be repaid over the life of the contract to supply electricity to the St Paul’s Church (20 years). The closing date for applications is 29^th March 2021.

The offer document and application form are available below:

Offer document

Application Form

Co-operative Financial Documents and AGM Minutes

In the 12 months to the end of June 2020 our solar panels generated over 500 megawatt hours of electricity, our second highest total in this 12-month period since we started. To put this into context this is equivalent to the electricity consumption of about 172 households which are not on the Economy 7 tariff. Average household electricity consumption has been gradually dropping since the co-operative started trading, increasing the number of households our generation supports.