TERMS AND CONDITIONS

Please read carefully before investing.

  1. Interest payments are not guaranteed.

  2. This investment is not suitable for those who require a guaranteed income or ready access to capital.

  3. Members are not permitted to receive a dividend, only interest on share capital.

  4. Reserves and capital assets can only be distributed to other organisations that benefit the community. This mechanism is known as the ‘asset lock’ and is
    an essential feature of a community benefit society.
    Read about how SCE is structured.

  5. Descriptions of possible returns are illustrative only. There are variable and uncertain factors associated with any energy project.

  6. The investment is for a minimum period of three years.

  7. If SCE lacks sufficient cash then it may not be possible to withdraw some or all of your shares.

  8. If SCE is unable to meet its debts and other liabilities, you could lose up to
    the whole amount you hold in shares (but no more than that amount).

  9. Shareholders have no entitlement to receive a share in any surplus of SCE’s assets on dissolution following the repayment to members of the nominal value attributable to their shares. This is because SCE has a statutory asset lock in its rules.