Shares Buyback Scheme

Shares Buyback Scheme

Exeter Street Hall’s management committee is introducing a new buyback scheme to enable shareholders to sell shares back to the Society that runs the Hall. The scheme, which will start early in 2022, has to be affordable, so in any one year only a small amount of money will be made available for this purpose. If demand to sell shares exceeds the amount available then a fair allocation formula will be used. In addition, there is a new option to donate shares to the Society.
Here are the two documents that explain what the scheme is and how it will work.

The first document describes what the scheme is and how it will work:

Community Shares Buy Back Policy final.pdf

The second document is a spreadsheet with a set of worked examples, showing what happens if different numbers of shareholders ask to sell various amounts of shares when there is a fixed limit on the amount of money available to buy them:

Community Shares Buy Back Policy Practical Examples final.xlsx

The Hall management committee is keen to receive comments and questions on the scheme, via email to [email protected] and/or in discussion at the AGM. So please go to the website, read the full document and take a look at the examples in the spreadsheet. Any improvements made to the scheme as a result of shareholder comments will be publicised before the scheme starts next January.

April 2021