Price has been agreed at £395000
We are the recipients of a small revenue grant of £9678 towards prelaunch costs.
We will be applying to the Community Ownership Fund for further significant grant funding in May 2024.
The primary objective of the company is to purchase The Black Lion and place a tenant to run the pub and develop as a social hub and asset for for the community, working with the management committee.
Anyone who invests the minimum of £50, which will be the price of 50 shares, will have a vote and therefore a say in the affairs of the business at General Meetings. Of course, we welcome bigger share holdings, the maximum share purchase will be £45,000 but, the business will operate strictly on a one member, one vote basis, regardless of how many shares you hold.
Share Value £1
Minimum shareholding 50 (£50)
Maximum shareholding 45,000 (£45,000 per shareholder subject to approval)
The community shares will be withdrawable, subject to the rules of BLCGL. Also, dependent on the performance of the business, nominal interest payments may be made annually against each share.
We have launched our SHARE OFFER to raise the funds required to buy and operate the Black Lion as a community owned pub and social hub for the village.
Please return this form.
Our target is to raise £165,000 through community shares to purchase and open The Black Lion.
Share value £1
Minimum share purchase is 50 shares = £50
Share purchase may also be pledged, in which case you need send no money now, but will will need to redeem the pledge as the successful completion of our project nears.
Cheque made payable to “Black Lion Community Group Limited” sent to
Malcolm Boswell (secretary )
The Globe Hall
The Square
Ireby
Cumbria
CA7 1EQ
BACS to Black Lion Community Group Limited
Bank – The Cumberland
Sort Code 16-52-21
Acc No 53446538
By Handing in to
Malcolm Boswell
Standing Stones Cottage
Ireby
CA7 1EA
