Second Chance Share Offer

We are delighted to be able to respond to community requests to open a short window of opportunity for people to become Members if they missed the original Community Share Offer in 2018. 

If there is sufficient local interest this summer, UistWind will be able to respond to some existing requests from members, who are looking to withdraw some or all of their original share capital due to changed circumstances.   The new Share Offer will therefore be administered in parallel with an opportunity for existing UistWind Members to apply for some or all of their equity to be withdrawn. 

This window will open on the 1st of June 2024 and close on the 31st of August 2024 at 11:59pm. 

People can register their interest by submitting a form online available here.

Any queries at all, including any requests for paper copies of the form(s), please email [email protected]. 

The terms and conditions of this short share offer is the same as the original 2018 share offer and viewed as a long term investment.  The original community share offer document can be found here.  The Community Benefit Society Rules are here.  Shares are valued at £1 per share with a minimum number of shares of 250. 
  
The Management Committee will carry out a fair and equitable review of expressions of interest from both existing Members and new interested parties, supported by Community Shares Scotland.  The Management Committee will ‘match’ new interest with withdrawal interest from existing Members.  A formal application form will then be provided to those selected to become a new Member, alongside a request for payment.  A formal Share Withdrawal Form will also be sent to selected existing Members.
We are particularly keen for local younger people to join UistWind, and are open to consortia applications where a number of local residents may wish to come together to share the minimum number of shares, with one vote for each consortia. 

We are also keen for expressions of interest from local residents who would be interested in volunteer and Committee roles.

2018 COMMUNITY SHARE OFFER

In December 2018, we completed our fundraising campaign towards development and operation of a community wind farm which will donate its substantial income to fund community initiatives across the island.

Thanks to the support of all the investors we raised over £453,850 towards our project. ​
The Community Share Offer offered a chance to be a part of the project success, by supporting this important community project: earning a targeted annual return of 4% on the investment. 
The original Offer Document can be downloaded by clicking HERE

Uist Wind is a Community Benefit Society registered by the Financial Conduct Authority, registration no: 7738. Community Benefit Societies are responsible for stringent self-regulation and there is a code of conduct for community share offers carrying the Standard Mark that includes a public right of complaint that is overseen by the Community Shares Unit. 

For more information email: [email protected]