Buying Shares

The current share issue closed on the 31st October 2012.

The Whitby Esk Energy Prospectus rev B Aug 2012 detailed and contained an invitation to invest in shares in Esk Energy (Yorkshire) Limited hereafter referred to as “Esk Energy”.  The Rev B Aug 2012 prospectus replaced the initial prospectus the Whitby Esk Energy Prospectus rev A Dec 2011 which provided information about the project between July 2011 – July 2012.  Further information can be found in the Shareholder Information section.

Esk Energy was established in 2008 by Esk Valley residents to fund Whitby Esk Energy:a small-scale hydroelectric project to support community carbon reduction in the Esk Valley. The funds raised by the share issue were used to install a 50kw hydro electric turbine, using an Archimedes screw, on the River Esk at Ruswarp, near Whitby.

Buying shares was a chance to act to offset your carbon emissions and help promote renewable energy. You could buy shares in this exciting project for as little as £250 (the minimum amount under this share offer) up to a maximum of £20,000. Whilst interest will be payable (once the project is established) investing in Esk Energy should be seen as a social investment, not a financial investment. You will not be able to withdraw your money in the first five years, from that point shares can be withdrawn subject to the Directors’ approval and six months notice.

The aims of the Ruswarp Hydro installation are twofold:

1. To produce ‘green’ energy thereby reducing carbon emissions.
2. To produce a regular income to finance continuing carbon reducing projects.

Examples of how Esk Energy will use any surplus money generated by Whitby Esk Energy:

• Developing and operating a grant system towards the installation of solar, wind and water energy generating systems in the valley.
• Promoting green energy educational programmes.
• Pioneering green energy apprenticeships.

 

The current share issue closed on the 31st October 2012.

There may be an opportunity to buy shares in the future.  If you are interested please get in touch through our Contact page.
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Remember, investing in Esk Energy should be seen as a social investment, not a financial investment. The prospectus is an important document and requires your detailed attention. If you require any advice you should consult with an independent financial adviser authorised under the Financial Services Act 1986.