In line with information provided in the Auchobert Community Energy Society share offer, redemption of shares by members will be permitted as follows:
· Death of a member – shares always redeemable (or transferable to family members).
· Bankruptcy – shares always redeemable.
· Transfers to family members – always permitted (subject to holdings remaining below the maximum permitted).
Other requests to redeem shares will be permitted in genuinely unforeseen circumstances at the discretion of the Board up to a maximum of £5,000 in total per financial year on a first-come, first served basis. Unforeseen circumstances could include unexpected early onset of serious illness or disability along with other significant unexpected changes to circumstances. Getting older or not having released that investment in Auchrobert shares is a long term commitment are not considered to be unforeseen circumstances.
