We are aiming to raise a minimum of £1m through the Fixed Term Withdrawable Share issue. If we do not secure sufficient interest from members, we may not proceed with the share issue.
Fixed Term Withdrawable Shares are issued subject to Terms and Conditions and the rules of The East of England Co-op Limited and are part of the Society’s share capital. The Society abides by a code of practice that requires it to provide a statement to its shareholders of the nature of their investment and any change affecting it. The position you occupy as a shareholder of the Society is no different from that of a shareholder in any other corporate body in so far as, if the Society fails, you may not have all or any of your investment returned to you. Co-operative societies, unlike banks and building societies, are not subject to supervision by either the Prudential Regulation Authority or the Financial Conduct Authority. The East of England Co-op Limited reserves the right to decline an application for a Fixed Term Withdrawable Share at its sole discretion and without further explanation.