Share Application Form
If you wish to purchase shares in the Cross Guns Community Benefit Society Limited, please note the following:
- Each share costs £1 with a minimum purchase of 250 shares. The maximum shareholding per individual member is £25,000.
If we are unable to purchase the Cross Guns, your investment will be refunded in full.
- Investors must be 16 years or older.
- It is possible to buy a share (or shares) as gifts. If a gift recipient is under 16 years of age, the purchaser will need to specify the beneficiary and obtain the beneficiary’s consent to membership upon reaching 16 years of age. On the day the beneficiary turns 16, they become eligible for full membership, at which point both the purchaser and the beneficiary must notify the Society. This will not be regarded as a transfer of share(s).
- Investment can also be accepted from incorporated and unincorporated groups.
- An incorporated group must name a nominee who is an individual with whom the society will communicate on behalf of the group and who will be invited to attend society meetings and cast votes on behalf of the society
- Unincorporated groups (such as clubs, joint memberships, or families) cannot hold shares in their own name and must name a nominee who is an individual with whom the society will communicate on behalf of the group and who will be invited to attend society meetings and cast votes on behalf of the society. In addition to the above, the named individual must also be the legally named beneficiary and nominee; it is a matter for the group to come to an arrangement about the equitable distribution of those funds within the group.
- When purchasing shares, you are encouraged to consider who will inherit your shares – whether named family members, friends, or nominate the Cross Guns Community Benefit Society itself. This extends to shareholdings of up to £5,000 in value. Share investment more than £5,000 will need to be dealt with through the normal will/executor arrangement. A Share Nomination form is included at the end of the application form. It is also available on the website www.crossguns.org.uk
