No you don’t need to live in Hatherleigh,  the share offer is open to all UK residents. 

The minimum investment is £100, and the maximum investment is £5,000.

As a shareholder, you will be a member of the Community Benefit Society and have a right to vote in AGM meetings where decisions over how the market is run and operated are made. Your liability is strictly limited to the amount you pay into the society (invest in shares). If everything went wrong you would only lose your initial stake – no more.

As a shareholder in our Community Benefit Society, it’s important to understand the extent of your financial commitment. In legal terms, your liability is limited strictly to your initial investment (the amount you paid for your shares). This means that should the society face insolvency, your financial responsibility does not extend beyond the amount you have initially contributed as a shareholder.

There is no obligation nor requirement for shareholders to cover any further losses beyond their original stake. This limited liability is a fundamental principle, ensuring that your exposure to financial risk is capped, protecting your personal finances beyond your initial investment.

Liability is limited to the share value – i.e. if you pay £100 for a share, in unlikely event that the market trades badly, or the community share scheme becomes insolvent the worst that would happen is that you would loose the value of your shares. 

The community benefit society “Hatherleigh Community Market Limited” is registered at Companies House and with the Financial Conduct Authority and is obliged to abide by the rules of both.

The society must operate under a prescribed set of rules by a member-appointed committee.