Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more
Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.
What are the key risks?
You could lose all the money you invest
If the business you invest in fails, you are likely to lose 100% of the money you invested. Most start-up businesses fail.
You are unlikely to be protected if something goes wrong
Protection from the Financial Services Compensation Scheme (FSCS), in relation to claims against failed regulated firms, does not cover poor investment performance. Try the FSCS investment protection checker here.
Protection from the Financial Ombudsman Service (FOS) does not cover poor investment performance. If you have a complaint against an FCA regulated firm, FOS may be able to consider it. Learn more about FOS protection here.
You won’t get your money back quickly
Even if the business you invest in is successful, it may take several years to get your money back. You are unlikely to be able to sell your investment early.
The most likely way to get your money back is if the business is bought by another business or lists its shares on an exchange such as the London Stock Exchange. These events are not common.
If you are investing in a start-up business, you should not expect to get your money back through dividends. Start-up businesses rarely pay these.
Don’t put all your eggs in one basket
Putting all your money into a single business or type of investment for example, is risky. Spreading your money across different investments makes you less dependent on any one to do well.
A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
The value of your investment can be reduced
The percentage of the business that you own will decrease if the business issues more shares. This could mean that the value of your investment reduces, depending on how much the business grows. Most start-up businesses issue multiple rounds of shares.
These new shares could have additional rights that your shares don’t have, such as the right to receive a fixed dividend, which could further reduce your chances of getting a return on your investment. If you are interested in learning more about how to protect yourself, visit the FCA’s website here.
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Invest in a cleaner energy system for the next generation
Thrive Renewables Plc has been working towards a clean energy system in the UK for nearly 30 years. It
manages £96 million of assets including onshore wind, commercial rooftop solar, battery storage and small hydro and
has helped fund the UK’s first deep geothermal electricity generation project, currently in development.
Over 5,900 investors have supported Thrive in its work towards the transition to a clean, low-carbon energy system. Having consistently delivered new renewable energy capacity through a period of momentous change, Thrive is now targeting to scale up to build more solar, battery storage, wind and geothermal resource. The UK needs a fourfold increase in electricity capacity to meet its net zero target.
“ Thrive was established to enable individuals to benefit from investing directly in sustainable energy projects and increase UK renewable capacity in a way that brings people together. Nearly 30 years on, our mission is more urgent and relevant than ever.
We are now targeting significant growth again as the UK transforms to a zero-carbon energy system, supporting government targets and the environmental imperative to fully decarbonise the electricity system by 2035.”
Matthew Clayton, Managing Director – Thrive Renewables Plc
The share offer
The money raised through this share offer will support Thrive to invest in its pipeline of renewable electricity generation and battery storage projects. The investments that Thrive makes will be subject to their financial and impact driven investment criteria and market conditions.
Thrive plans to invest in:
Grid-connected renewable generation – building new wind and solar electricity generation projects.
Grid-connected battery storage – installing electricity storage on the network, in order to provide the flexibility required to balance supply and demand in a system benefiting from a growing volume of renewable electricity generation.
Private wire renewable generation – direct supply of solar and wind electricity generation projects to commercial and industrial consumers, lowering their carbon footprint, reducing their energy costs and enhancing the environmental credentials of the host's products.
Key terms
Issuer
Thrive Renewables Plc
Target amount
£7,000,000 (up to £10,000,000)
Term
This is an investment in the shares of an
unlisted company and there is no guarantee over the availability or timing of
an exit. Thrive Renewables Plc is not listed on a recognised exchange.
Minimum investment
£94 (40 shares)
Offer price per share and share bundle
£2.35, shares to be bought in bundles of 20 shares (£47)
Target return
5-8% per year through a combination of dividends and share price
appreciation. The range of return outcomes reflects the dynamic and shifting
nature of the energy market. Payment of dividends is not guaranteed.
Share bundles
Number of shares (£2.35 each)
Number of units (20 share bundles)
Investment amount
40
2
£94
60
3
£141
80
4
£188
100
5
£235
220
11
£517
440
22
£1,034
2,140
107
£5,029
4,260
213
£10,011
8,520
426
£20,022
Impact
Thrive will continue to invest in new renewable
energy generation with wind, solar and hydro alongside battery storage and
other assets needed for the transition to net zero.
Transferability
Shares are transferable but are not listed on any investment exchange. Thrive shares can be traded through monthly share auctions. It may be difficult to sell shares at a price investors wish to sell them for and the shares may take time to sell. Investors shouldbe prepared to hold the shares for the long term.
Minimum raise
£1,000,000. If less than £1,000,000 is raised,
monies will be returned to investors.
Timetable
Close on 10 October 2022, unless fully
subscribed earlier or the offer is extended. Shares are issued 14 days after
close.
Capital at risk warning
Investing in the shares of an unlisted company involves risk – including potential for loss of capital – as the value of shares may go down as well as up. The payment of dividends and the target return on equity are not guaranteed.
“ Thrive was established to enable individuals to benefit from investing directly in sustainable energy projects and increase UK renewable capacity in a way that brings people together. Nearly 30 years on, our mission is more urgent and relevant than ever.
We are now targeting significant growth again as the UK transforms to a zero-carbon energy system, supporting government targets and the environmental imperative to fully decarbonise the electricity system by 2035.”
Matthew Clayton, Managing Director – Thrive Renewables Plc
Thrive Renewables
Thrive Renewables Plc has been working towards a clean energy system in the UK for nearly 30 years. It manages £96 million of assets including onshore wind, commercial rooftop solar, battery storage and small hydro and has helped fund the UK’s first deep geothermal electricity generation project, currently in development.
Over 5,900 investors have supported Thrive in its work towards the transition to a clean, low-carbon energy system. Having consistently delivered new renewable energy capacity through a period of momentous change, Thrive is now targeting to scale up to build more solar, battery storage, wind and geothermal resource. The UK needs a fourfold increase in electricity capacity to meet its net zero target.
The share offer
The money raised through this share offer will support Thrive to invest in its pipeline of renewable electricity generation and battery storage projects. The investments that Thrive makes will be subject to their financial and impact driven investment criteria and market conditions.
Thrive plans to invest in:
Grid-connected renewable generation – building new wind and solar electricity generation projects.
Grid-connected battery storage – installing electricity storage on the network, in order to provide the flexibility required to balance supply and demand in a system benefiting from a growing volume of renewable electricity generation.
Private wire renewable generation – direct supply of solar and wind electricity generation projects to commercial and industrial consumers, lowering their carbon footprint, reducing their energy costs and enhancing the environmental credentials of the host's products.
Key Terms
Issuer
Thrive Renewables Plc
Target amount
£7,000,000 (up to £10,000,000)
Term
This is an investment in the shares of an unlisted company and there is no guarantee over the availability or timing of an exit. Thrive Renewables Plc is not listed on a recognised exchange.
Minimum investment
£94 (40 shares)
Offer price per share & share bundle
£2.35, shares to be bought in bundles of 20 shares (£47)
Target return
5-8% per year through a combination of dividends and share price appreciation. The range of return outcomes reflects the dynamic and shifting nature of the energy market. Payment of dividends is not guaranteed.
Share bundles
Number of shares (£2.35 each)
Number of units (20 share bundles)
Investment amount
40
2
£94
60
3
£141
80
4
£188
100
5
£235
220
11
£517
440
22
£1,034
2,140
107
£5,029
4,260
213
£10,011
8,520
426
£20,022
Impact
Thrive will continue to invest in new renewable energy generation with wind, solar and hydro alongside battery storage and other assets needed for the transition to net zero.
Transferability
Shares are transferable but are not listed on any investment exchange. Thrive shares can be traded through monthly share auctions. It may be difficult to sell shares at a price investors wish to sell them for and the shares may take time to sell. Investors shouldbe prepared to hold the shares for the long term.
Minimum raise
£1,000,000. If less than £1,000,000 is raised, monies will be returned to investors.
Timetable
Close on 10 October 2022, unless fully subscribed earlier or the offer is extended. Shares are issued 14 days after close.
Capital at risk - warning
Investing in the shares of an unlisted company involves risk – including potential for loss of capital – as the value of shares may go down as well as up. The payment of dividends and the target return on equity are not guaranteed.
Please note that payment of dividends is not guaranteed and is dependent on the continued successful operation of Thrive Renewables. Share prices can go down as well as up.
Investments offered on this platform are not readily
realisable, which means that they may be difficult to sell and you may not get
back the full amount invested. Investments are not covered by the Financial
Services Compensation Scheme (FSCS) and your capital is at risk and returns are
not guaranteed. Repayment of capital and interest or payment of dividends will
be dependent on the success of the organisation's business model and past performance isn’t a
reliable indicator of future performance. You should
always read the offer document in full before deciding whether or not to invest as it
will cover risks specific to an individual investment. You can read more about
the general risks associated with making these types of investments. If
you are unsure if any of these investments are right for you, you should
contact an Independent Financial Adviser.
Triodos Bank UK Ltd. Registered Office: Deanery Road, Bristol, BS1 5AS. Registered in England and Wales No. 11379025. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 817008.
