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 wstsmallest Click HERE to join the WST Online Today! | Click HERE for a Downloadable Form   |  WST Community Share Offer   ycwsmallest

WST Community Share Offer FAQ's

WST Community Share Offer Brochure    |    WST Community Share Offer Application Form    |    WST Community Share Offer Standing Order Form 

Wrexham AFC Limited Football Conference Financial Forecast (Season 2012/13)    |    Wrexham AFC Limited Football League Financial Forecast (Season 2012/13)

Community Share FAQ's

What will happen to my money?

Your money will be paid into a WST account opened to specifically hold Community Share capital. The share capital raised will allow us to plan our future in the knowledge that we have the working capital needed to transform a historic loss-making club into a successful, secure and sustainable community football club. The funds will give us time to set about laying the foundations for a long term business plan, which we aim to have in place by the end of season 2011/12 and, to be on the front foot for next season and beyond. Depending upon when you invest, the funds will be used in one of two ways:

- In the short term to provide breathing space to enable us to restructure the business

- In the medium to long term to help us to grow the business

When can I invest in the scheme?

This offer is open now and will remain open indefinitely or until such a time that the WST Board decide to close the share offer.

What methods of payment can I use?

There are two ways that you can pay money into the WST Share account €“ by cheque or by electronic transfer. Electronic transfer payments can be made as a one off payment or by instalments

Cheques should be payable to Wrexham Supporters Trust, and sent to:

WST Community Shares, FREEPOST WST

Electronic payments should be made to the following account:

Co-operative Bank PLC, PO Box 250, Delf House, Southway, Skelmersdale, WN8 6WT Sort Code 08-92-99 Account Number 65304738

Please note that all payments must be accompanied by a signed copy of the application form. No cash payments will be accepted.

How will you know which payment is mine?

Whether you make your payment by electronic transfer or by cheque you must also send your application form to the following address

WST Community Shares, FREEPOST WST

This will allow us to match the payments with the people who have made them.

 Why has my payment not been processed yet?

Cheques of £500 or more have not yet been banked as we are currently awaiting a decision with regards our EIS application from HMRC. All investments of £500 or more could benefit from tax relief but if these payments are processed prior to getting approval from HMRC, they will not be eligible to receive tax relief. As soon as we receive a decision from HMRC, we will process all outstanding payments.

Is there a limit to what I can invest?

The share offer is subject to a limit of £20,000. If you are interested in supporting the Society with a greater amount than this you are invited to contact us to discuss how best to do this as there are various ways in which a higher contribution could be accommodated. Please email This email address is being protected from spambots. You need JavaScript enabled to view it. This e-mail address is being protected from spambots. You need JavaScript enabled to view it with your contact details and a Society Board Member will call you within 48 hours to discuss.

When will I receive my share certificate?

No Share Certificates have yet been issued. We are currently waiting for a decision from HMRC with regards our EIS application. Once we have received a decision, we will issue Share Certificates to all investors. We expect to issue the certificates before the start of the new season.

What if I can't afford the share scheme?

In order to make the scheme as accessible as possible, individual members also have the option to invest in ten equal instalments or make an ongoing investment into the scheme by standing order. WST will write to you when you have reached your targeted investment.

How do I get my money back?

Community shares in WST are withdrawable at the discretion of the WST Board and subject to the following conditions

- No withdrawals will be allowed until at least 3 years after the date of the launch of the scheme

- No more than 10% of the total share capital can be withdrawn in any one year following year three

After three years, requests to withdraw investments must be made in writing and will be considered by the Board in the order of receipt and up to the maximum of 10% of total share capital. Withdrawal requests in exceptional circumstances will be considered by the Board on a case by case basis.

Who is Wrexham Supporters Society Limited?

Wrexham Supporters Society Limited is the registered name of Wrexham Supporters Trust and is a democratic organisation of supporters which has over 2,100 fully paid up members. Every member has an equal vote and an equal opportunity to put themselves forward to and vote for the Board of Directors that represents them. They were formed in 2002 and have raised over £600,000 since formation. In November 2011, WST became the 100% shareholder in Wrexham AFC Ltd.

What are Shares in the Society?

At the moment members of the Society each hold one ordinary share which cannot be transferred or withdrawn.

The new WST Community Shares do not have additional voting rights (and therefore do not change the one member one vote principle on which the Society is built) but they allow the Society to raise finance in a way that it couldn€™t before. There are restrictions on when shares can be paid back, which are outlined in the offer document and means that the Society and its members are protected and the Society's aims aren't jeopardised.

Will it affect my voting rights as a member?

No. All members of the Society are entitled to one vote regardless of whether they own shares in the Society. As highlighted above, Wrexham FC Community Shares do not have additional voting rights.

What about other donations and fundraising, where do they fit in?

Donations to the WST and ongoing fundraising activities are as important, if not more so, than ever before. Money can continue to be donated directly to the WST  bank account number 65084582 and sort code 08-92-99 - whilst any other fundraising ideas and initiatives can be directed to This email address is being protected from spambots. You need JavaScript enabled to view it. This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Do I have to be a member of the Society to pay money into the account?

The shares can only be bought and held by individual members of WST who are 16 years of age and over. If you are not a member and wish to invest in the scheme then you can join WST via our website www.wst.org.uk.

Can I buy shares on behalf of my children?

Legislation around Community Shares allows children under 16 years of age to purchase shares in a society if they are full members of that society. At present WST only allows  members  who are 16 years of age and over. As Community Shares  are non-transferable, an adult cannot hold shares in WST on behalf of a child with the intention of transferring them to the child when they reach the age of 16. WST is considering its position with regards the possibility of changing the constitution to allow Under 16's to be members and therefore be able to purchase shares. If you have any views regarding this potential change, please contact This email address is being protected from spambots. You need JavaScript enabled to view it..
 

Is it just individuals who can invest or can corporate bodies and firms also join the scheme?

Ultimately to participate in the community shares scheme whether you are an individual or a business you will need to be a member of WST. Shares can be purchased by groups of people such as companies or Supporters Groups. If you are interested in purchasing shares as a supporters group, please contact WST for more information.

Tax Relief on investment into the Community Share Scheme

We have submitted a successful application for the HMRC€™s Enterprise Investment Scheme (EIS). Subject to personal circumstances, this could mean that supporters who buy shares of £500 or more could claim tax relief of up to 30%. So, if you invest £1,000 you could reclaim £300 back from the tax paid . Please see the HMRC website for further details on Enterprise Investment Schemes:

Further relevent information is available HERE (EIS Guidance)

What benefits do I get by investing?

If the Club can afford it and at the discretion of the WST Board, annual interest may be paid on shares up to a maximum of 2% above clearing bank base (Bank of England) rate. WST cannot guarantee that investors will receive a return, but if we are successful in transforming the business then we hope to share our success with our members.

In addition, for every £250 invested by an individual, WST will donate a free match ticket to its nominated charity. If an individual invests £1000, they will receive life membership of WST.

Can I sell my shares?

Community shares cannot be traded so are non-transferable and therefore cannot be sold to a third party.

What happens if I fail to renew my membership in WST?

In the event that a member fails to renew their membership, their funds will remain invested in the scheme until a request is made to withdraw the funds. Once a request is received it will be subject to the same rules as a standard request for withdrawal.

Any contributions made on a recurring basis (e.g. by standing order installments) by an individual whose WST membership has expired will be returned to the lapsed member, with a reminder to renew membership.

Who are Supporters Direct?

Supporters Direct is the umbrella body for over 170 Supporters Trusts in the UK. Their goal is to promote sustainable spectator sports clubs based on supporters involvement and community ownership. Over 250,000 people are members of Supporters Trusts and they work in over 20 countries across Europe giving advice and assistance to supporters all committed to increasing their voice, influence and ownership at their club. Website: www.supporters-direct.coop. 

How do I fill in the Standing Order Mandate Form?

In order  for WST to process applications for Shares, a completed Application is required as well as a completed Standing Order Mandate if you are intending to pay in instalments. A number of queries have been received with regards the Standing Order Mandate Form. A guide for completing the form is included below:

Payee Bank Account Name: Please enter the name of your bank (e.g. Barclays Bank)

Address of Bank: Please enter the address of the local branch that you bank with.

Paying in installments or Making regular contributions: Please complete one of these sections

Paying in installments: If you wish to pay in installments, please put a tick in the box and enter the maximum amount that you would like to invest in total (e.g £100)

Ten Payments of/Amount in Words: Please enter the amount you would like to pay monthly to reach the maximum amount you would like to invest (e.g. £10 €“ TEN POUNDS)

Reference Number: Please enter your WST Membership Number as the reference number

Making regular contributions: If you would like to make a regular contribution to the Share Scheme, please put a tick in the box.

Regular Monthly Payments of/Amount in Words: Please enter the amount you would like to pay monthly on an ongoing basis (e.g. £10  TEN POUNDS)

Reference Number: Please enter your WST Membership Number as the reference number

COMPLETE IN ALL CASES

Payee Bank Account Name: Please enter the name of the account holder (e.g. A.N. OTHER)

Account Number: Please enter the 8 digit Bank Account Number (not the 16 digit number on the front of debit/credit cards)

Sort Code: Please enter the six digit Bank Sort Code number (e.g. 11-22-33)

Signature: Please sign in the box provided

Date: Please enter the date that you are signing the form (format - DD/MM/YYYY)

 Any other questions?

If you have a specific question around the WST Community Share Offer that is not answered here, please email This email address is being protected from spambots. You need JavaScript enabled to view it. This e-mail address is being protected from spambots. You need JavaScript enabled to view it or call 07961152470. A WST Board Member will respond to your query within 48 hours.

For more general information regarding Community Share Schemes, please visit http://www.communityshares.org.uk

 

 WST Community Share Offer Brochure    |    WST Community Share Offer Application Form    |    WST Community Share Offer Standing Order Form  

 Wrexham AFC Limited Football Conference Financial Forecast (Season 2012/13)    |    Wrexham AFC Limited Football League Financial Forecast (Season 2012/13)

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