The Co-operative is issuing debentures in order to purchase The Hub Castlemaine.
By purchasing debentures you are effectively making a fixed-term loan to the co-op. You can select the amount of money you want to invest, the number of years to repayment of the principal, and the annual interest rate on your investment.
How to apply for Debentures
- You need to be a member of the co-op to purchase debentures – join here.
- Read the Disclosure Statement which sets out the full details of the Debenture Offer.
- As with any financial investment, you should seek independent financial advice that will take into account your personal circumstances.
If you or your financial adviser need further information about specifics of the Debenture offer then please contact the Co-operative. - Apply for Debentures between June 2 and June 29:
- By mail, by printing the Application form contained in the Disclosure Statement,
- Or online, using the form located at the bottom of this page.
- On receipt of your application form you will be provided with instructions for paying a 10% deposit. Payment must be received within 15 working days or the application will be cancelled.
All monies received will be held in a dedicated trust account until the offer closes. - After the closing date, or earlier if subscriptions reach the maximum amount, then you will be provided with instructions for paying the balance. Payment must be received within 60 days of the con rmation date or your deposit will be forfeited and no debentures will be issued to you.
If the debenture issue closes without meeting the minimum requirements, all 10% deposits will be returned within 60 days of the closing date.
Online Application Form
The online application form will be available on this page by the June 2 Opening Date. Watch this space!