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UK, Debenture, Renewable Energy

Tags: platform
Established2011
LocationLondon, UK
RegulationFCA, Abundance NRG Ltd is authorised and regulated by the FCA (registration number 525432)
IndustryRenewable Energy
Minimum Investment
InvestmentsResidents of the UK, the EEA (European Economic Area) or Switzerland
Trust Account OperatorHSBC
Trust AccountWalker Crisps Stockbrokers
InstrumentsDebentures
How it worksAnyone over the age of 18 and who is a resident of the UK, the EEA (European Economic Area) or Switzerland can become a member of Abundance and invest. Investors set up an account with Abundance in order to invest in and trade the debentures. Abundance acts as registrar, arranges payment of cash returns to debenture holders and provides regular information on the issuer and the project.
FeesAnnual fee of 1.5% of the amount invested paid by the issuer One-off set up fee of 4% of the amount raised (paid by the issuer) No charge for buying or selling existing debentures
What happens if I change my mind?Each time you commit to buy a debenture, you will have a 14-day cooling-off period during which you can cancel your order for whatever reason (including changing your mind). You are entitled to this by statute as with all financial products.
What happens if the platform fails?Any funds you deposit are held, in accordance with FCA rules, under statutory trust in a cash account provided by Walker Crips Stockbrokers (WCS) who acts as an agent. Your funds are kept entirely separated from Abundance or WCS accounts and are covered by the Financial Services Compensation Scheme. In case of the insolvency of Abundance or WCS, their creditors cannot claim those funds. Once you buy a debenture with the funds held in a cash account, it is an agreement between you and Oakapple Berwickshire plc. Abundance will only facilitate the transaction and administer the distribution of cash returns. In case Abundance is unable to operate this service, due to insolvency or any other reason, they have appointed a back-up service provider, which currently is also WCS. The back-up service provider would act on Abundance behalf in respect of any outstanding debentures.
Type of Contribution
Syndicated Opportunitynone
Direct Platform Investmentnone
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