Pebmarsh Community Pub Limited is a Community Benefit Society established and managed by the community for the benefit of the community. You can join the Society by purchasing shares and thereby becoming a Member. We currently have over 430 shareholding Members. While Shareholders mainly come from the local area we also have Members from as far afield as New Zealand, Europe and America.
The project and its benefits for Members and the community
The share issue has been designed to give local people and organisations the opportunity to contribute financially, on a long term basis, to the work of Pebmarsh Community Pub Limited. The aim of the share offer was initially to raise funds which, together with grants and other funding, were sufficient to allow the purchase of the King’s Head building and the urgent initial refurbishments which allowed it to reopen as a public house. Subsequent share purchases will enable the ongoing refurbishment, repair and improvement of the King’s Head as a community facility. Ultimately it is the aim that our Community Benefit Society will be able to use surplus funds to build on our existing social infrastructure and help to create an ever more thriving and sustainable community.
How does the share offer work?
Shares can be purchased by individuals, organisations or companies at a cost of £50 per share. The minimum investment is one share (£50) and the maximum investment is 100 shares (£5,000) per person or organisation. Shareholders must be over 18. A share certificate will be issued as proof of the number of shares purchased. Share certificates should be carefully stored. An administration fee of £25 will be charged by PCPL for the issuing of replacement certificates. Shares are not transferable and cannot be withdrawn until at least three years have elapsed from the date of the share purchase and then only at the discretion of the Management Committee. Each member is limited to one vote at any General Meeting, irrespective of the number of shares owned.
Pebmarsh Community Pub Limited aims to pay interest on shareholdings at a competitive rate. The Model Rules under which the Community Benefit Society operates specify that the interest rate cannot be more than 2.25% above the Bank of England base rate at the time of approval. The interest rate for each year will be proposed by the Management Committee and put to a vote at the Annual General Meeting. Many Shareholders generously waive their interest payments so that that funds can instead be used for the further development of the pub as a community asset.
Before deciding to invest please consider taking independent advice. Pebmarsh Community Pub Limited is registered with the Financial Conduct Authority (FCA) as a Community Benefit Society, No.7487. The registered address is: Fitzroy House, Crown Street, Ipswich, Suffolk, IP1 3LG.
The complete Share Offer Prospectus and Application Form are available to view or download via the link below: