Governing law and investor protection
Esk Energy (Yorkshire) Limited has been formed under the Industrial and Provident Societies Act 1965 (IPSA65) as an Industrial and Provident Society set up by members to re-distribute the net earnings from the project back into the local community.
Esk Energy (Yorkshire) Limited is not an authorised institution under the Banking Act 1987 and does not accept deposits. This means there is no share deposit protection scheme for investors.
Esk Energy (Yorkshire) Limited is an exempt person from the regulated activity of deposit taking by its issue of shares pursuant to Paragraph 24 of the Schedule to the Financial Services and Markets Act 2000 (“FSMA”) Exemption (Order 2001).
The shares are not a specified investment for the purposes of Section 22 of FSMA (What is a Regulated Activity) pursuant to Paragraph 76 of FSMA (Regulated Activities) Order 2001.
The issue of withdrawable shares, which are not transferable, exempts this document from the requirements of an approved prospectus required by Section 85(1) of FSMA.
An investment in the withdrawable and non-transferable shares of an Industrial and Provident Society is not treated as a controlled investment for the purposes of Section 21 of FSMA (The Financial Promotion Prohibition) pursuant to Paragraph 14(3) of Schedule 1 of the FSMA (Financial Promotion) Order 2005.
Esk Energy (Yorkshire) Limited has taken all reasonable care to ensure that every statement of fact or opinion included in this information document is true and not misleading.
Any individual British Citizen and resident of the UK aged 16 or over and any organisation may apply to become a member of Esk Energy (Yorkshire) Limited, and may invest in Esk Energy by applying to buy shares.
Applications for shares must be made on the application form, and must be accompanied by a cheque in payment or confirmation of BACS payment .
Acceptance of your application will be notified by issue of a Share Statement, which will be posted as soon as possible.
The Board of Directors reserve the right to reject any applicant in whole or in part, in which case the application monies will be returned by cheque through the post at the applicant’s risk.
Registered office of Esk Energy (Yorkshire) Limited:
‘Heatherley’, Dikes Lane, Great Ayton, North Yorkshire TS9 6HG
Register no. 30534 R