Terms and conditions of share purchase

Please read these terms before you purchase shares.

  • By completing an application form the applicant offers to subscribe to the terms and conditions contained in the offer document, for the number of shares specified, or such lesser number as may be accepted.
  • Applications by organisations must also indicate the name and address of their nominee who will exercise the rights of the organisation to participate in the governance of the Society.
  • Only one named applicant can be entered on each form, please complete the form again if needed for other applicants.
  • All applicants must be 16 years of age or over.
  • An applicant who receives shares agrees to be bound by the rules of Myddleton Road Community Benefit Society. These are available on our website and include the full share withdrawal policy.
  • Once an application has been submitted and approved it cannot be withdrawn.
  • Applicants may be requested to provide additional evidence of identity in order to comply with money laundering requirements.
  • Applications may be rejected in whole, or in part, or be scaled down, and remaining monies shall be securely returned to the applicant, not later than two months after the cheques have been cashed, without interest.
  • Applications on incomplete or inaccurate application forms may not be accepted.
  • Results of the offer will be published on the website and all applicants will be informed.

An acknowledgement of application for shares will be made by email within three working days. Unsuccessful offer cheques will be destroyed.

Payments will be held securely on deposit until the minimum target is achieved and the offer is declared successful. The offer closes on 19 March 2023 unless the Management Committee exercises its right to extend the offer if necessary.

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