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The GlenWyvis Open Share Offer
by GlenWyvis in Dingwall, Scotland, United Kingdom
We did it
On 30th April 2019 we successfully raised £1,108,780 with 1493 investors in 637 days
Your chance to part-own a Scottish Whisky Distillery!
by GlenWyvis in Dingwall, Scotland, United Kingdom
New stretch target
31st December 2018
£1.1 million
PRIVATE INVESTORS TO GET EXTENDED OPPORTUNITY TO INVEST
The stretch £1m target for our second Open Share Offer has now been passed on Crowdfunder – with £900,000 raised from new members plus a £100,000 3-year loan from Big Society Capital that was added to the Crowdfunder total in October.
We have now sought clarification on the loan status versus investment by individuals – and as a result our private investment stretch target remains £1m – which will take the total shown on Crowdfunder through to £1.1m including the BSC loan.
We are keen to see the total number of private investors in GlenWyvis reach 4,000, and this clarification on the BSC funding will give more individuals – ordinary people from the Highlands and far beyond – a final opportunity to invest and own part of our historic distillery.
As we head towards the £1m investment total from new members – these are very exciting times. Not least because we have a ‘monster’ update about GlenWyvis and something BIG on the shores of Loch Ness coming soon!! Watch this space…
8th August 2018
£1 million
Having raised £750,000 in just over a year, the world’s first 100% community-owned distillery, has set a new stretch target of £1 million to both meet demand from potential investors and to further reduce the need for commercial borrowing.
Building on the real market momentum created with the recent release of GlenWyvis GoodWill Scottish Gin, the distillery will now keep the share offer open – and aims to reach the new target by the end of 2018. The additional funding raised will also remove the need for a third share issue planned for 2020. Investment in the second share offer can be made via crowdfunder.co.uk –and the GlenWyvis GoodWill Scottish Gin can be bought at glenwyvis.com.
With more than 3,700 people from over 30 countries already investors, GlenWyvis hopes that the new target will see the total number of investors exceed 4,000. This is the spirit of dreams!
Your chance to part-own a Scottish Whisky Distillery!
This Open Share Offer is an opportunity for you to support the continued development of GlenWyvis Distillery Community Benefit Society and the local community of Dingwall. The primary reasons for bringing this share offer forward from 2019 as set out in the original business plan are as follows:
- To meet the continuing demand for investment opportunities.
- To accelerate our brand development plans.
- To reduce commercial borrowing
About GlenWyvis
GlenWyvis Distillery Limited has been established as a Community Benefit Society for the specific purpose of owning and operating a community-owned whisky distillery and associated visitor centre to benefit the community of Dingwall. The distillery will produce high quality, craft Scottish whisky and craft gin, and together with a proposed visitor centre, will aim to benefit the local community by developing Dingwall into the leading Craft Distillery Town of Scotland, and a quality destination on the North Coast 500 tourist route. In 2016, the first share offer in GlenWyvis Distillery Limited raised a total of £2.6 million from some 2,200 investors towards anticipated costs of £3.8 million. With construction of the distillery now well underway – see our live updates – and the detailed costs more clearly established, the second Open Share Offer has been brought forward to open the door to a new audience.
INVEST NOW!
This Open Share Offer is your opportunity to support the continued development of GlenWyvis Distillery and the local community of Dingwall. The primary reasons for bringing this planned share offer forward from 2019 are as follows:
- To meet the continuing demand for investment opportunities
Since July 2016, we have received regular investment requests from the local area and beyond – both from people want to invest for themselves and from others wanting to gift investment. We also anticipate increasing interest from visitors to Dingwall, and this open share issue is designed to address this demand with a tailored offer that will further increase membership of the Society.
- To accelerate our brand development plans
In addition, funds raised from the open share issue will also help to accelerate the GlenWyvis brand development plans in line with feedback from our members in a recent survey. Over 50% of our members completed the survey and we are keen to act on their views. This will include making improvements to the brand and product sales and marketing strategy, bringing gin distilling into the Dingwall operation, and further development of the GlenWyvis visitor experience in and around Dingwall.
- To reduce commercial borrowing
Following the success of the original share offer, the scale of the project increased. Commercial finance has been secured to ensure the project is delivered, but the funds raised through this share offer will help to reduce commercial lending – so that we pay the banks less interest and deliver on our community benefit remit sooner.
A detailed summary of the project to date – and the current project financing – can be read in the Open Share Offer prospectus.
Some more background
The GlenWyvis Distillery project was initiated by John McKenzie in 2015 with the support of other key people in the wider community who gained funding for feasibility studies to find the most suitable site for a community-owned distillery in the Dingwall area. These studies resulted in a site being secured on a 175 year lease, with planning permission given for a craft distillery – and all environmental and distilling licenses in place.
In April 2016, the GlenWyvis founders launched the biggest-ever community crowd-funding campaign in UK history. Like-minded people from Dingwall and beyond came together to invest in the project – all keen to be part of something truly historic. A total of £2.6 million was raised in just 77 days from more than 2,200 members, with over 60% of them from the local IV postcode area – and the remainder coming from a total of 31 countries worldwide.
Following the detailed planning, design and costing phase, the construction of the new distillery commenced in January 2017. The stills and distilling equipment arrived in July and completion of the build phase is now scheduled for November 2017, with the first run of new make spirit following shortly after.
Situated high on a hill above Dingwall, GlenWyvis Distillery will be entirely powered by renewable energy, and as a Community Benefit Society, the aim is to take a lead role in the rejuvenation of Dingwall and the wider Highland community.
REWARDS AND SHARE CERTIFICATE
To say thank you for your investment, we will send you a rewards package along with your share certificate. We aim to post these items to you within 28 days of your investment.
INFORMATION FOR INTERNATIONAL INVESTORS
If you live outside the UK, please contact us to confirm if we can deliver alcohol to your country as part of our rewards scheme.
GlenWyvis reserves the right to charge extra for postage outside of the UK. Investors will be contacted before rewards are sent out if a higher charge is needed to send to their address.
Contact Us -
Office Number - 01349 862005
Downloads -
GlenWyvis Distillery Share Offer Document
Business Plan for the Distillery
Business Plan for Visitor Centre
Levels of Investment
£250 or more
£250 Investment
Investments of £250. Shares at £50 per share = 5 SHARES, 1 VOTE.
This is the minimum investment for a share holding in GlenWyvis Distillery Limited.
All investors will receive the following rewards package.
Now:
• GlenWyvis share certificate
• 4 x 50ml miniatures of GlenWyvis Gin
• GlenWyvis gin glass
• enamel GlenWyvis button badge
Plus in year 3 of production:
• 200ml bottle of GlenWyvis whisky
• Glencairn whisky glass
£1,000 or more
£1,000 Investment
Investments of £1,000. Shares at £50 per share = 20 SHARES, 1 VOTE.
All investors will receive the following rewards package.
Now:
• GlenWyvis share certificate
• 4 x 50ml miniatures of GlenWyvis Gin
• GlenWyvis gin glass
• enamel GlenWyvis button badge
Plus in year 3 of production:
• 200ml bottle of GlenWyvis whisky
• Glencairn whisky glass
£2,000 or more
£2,000 Investment
Investments of £2,000. Shares at £50 per share = 40 SHARES, 1 VOTE.
All investors will receive the following rewards package.
Now:
• GlenWyvis share certificate
• 4 x 50ml miniatures of GlenWyvis Gin
• GlenWyvis gin glass
• enamel GlenWyvis button badge
Plus in year 3 of production:
• 200ml bottle of GlenWyvis whisky
• Glencairn whisky glass
£5,000 or more
£5,000 Investment
Investments of £5,000. Shares at £50 per share = 100 SHARES, 1 VOTE.
All investors will receive the following rewards package.
Now:
• GlenWyvis share certificate
• 4 x 50ml miniatures of GlenWyvis Gin
• GlenWyvis gin glass
• enamel GlenWyvis button badge
Plus in year 3 of production:
• 200ml bottle of GlenWyvis whisky
• Glencairn whisky glass
£10,000 or more
£10,000 Investment
Investments of £10,000 to £100,000. Shares at £50 per share. 1 VOTE.
We will discuss appropriate rewards on an individual basis for investments of £10,000 to £100,000
For example, an investment of £10,000 will qualify for a rewards package including a 128 litre cask and EIS tax relief.