Becoming an Investor

Most important facts in brief

Becoming an Investor
To become an investor, you have to purchase and be a holder of community shares of Enaleni
Community Limited, the social investment platform for TMG (see Enaleni Community Limited).
To purchase community shares you have to submit the following:

A completed and signed The Rules sheet page 4

A completed and signed Application Forms pages 5 & 6
A completed and signed standing order mandate page 7
If you wish to donate as well, please fill in the mandate on page 8

All shares are valued and fixed at 1/share. The minimum amount of shares to purchase is 300,
the total maximum is 100,000. You are allowed to split your ordered share package in up to
twelve separate but equal tranches (e.g. 300 shares 12 = 25 shares/month). Each tranche will
be made available with the receipt of its relevant payment at the agreed date.
The shares you buy are used 100% for capital assets, and none of the money will be used for
more high risk farming activities. Capital assets are too expensive for the average farmer to
purchase, but once available, farmers will be able to pay for usage.
The rules of Enaleni Community Limited, which are based on the Co-operative and Community Benefit
Societies Act 2014 and approved by the Financial Conduct Authority, build the legal framework in which
Enaleni functions. However, potential investors must be aware that Enaleni is committed to operate
consistently with biblical economic and financial principles.
Enaleni shares are non-speculative, non-interest-bearing (we share realised profits, not pay fixed
interest), non-transferable, but generally withdrawable. On the one hand they do carry the risk of partial
or complete loss in case of business failure. On the other hand they do entitle for an annual proportional
payout of a fair and reasonable portion of realized profits that will not endanger the economic success
and stability of the project.

TMG is designed to be open, transparent, accountable, credible, and trustworthy in short, to

operate with integrity. We encourage you as a shareholder to engage in the development and
transformation process as much and in whatever capacity you can. You can keep up with the
progress of TMG on our website, through our newsletters and on our Facebook page.
As a shareholder you will receive an annual statement of your investment(s).
As a shareholder you are entitled and encouraged to attend and vote at the AGM. Irrespective of
the size of the shareholding, every shareholder has only one vote.

About Enaleni Community Limited

Enaleni Community Limited was specifically formed as a platform for interested and dedicated
social investors who would like to provide capital for Turning Matabeleland Green (TMG).
Investors can buy community shares and thus become members of the TMG community.

Enaleni is a Registered Society and is governed in accordance with its registered rules. We have
chosen this legal model, because it emphasizes the social return of the investment we are asking
our members to make. Incorporation gives both members and directors the protection of Limited
liability, just like a Limited company. But unlike a company, a Registered Society is not designed
to generate private profit but to deliver a community benefit. Our commitment to disburse a fair
share of realized profits in proportion to members investment whenever possible, must
therefore be seen as an extra bonus to the given satisfaction of a social dividend, i.e. becoming
part of transforming peoples life.

Enaleni Community Limited is registered under the Co-operative and Community Benefit
Societies Act 2014, society number 32105R.
Registered address:
Telephone:
Email:
Website:

Ebor Court, Westgate, Skinner Street, Leeds, LS1 4ND

+44 113 373 1764
info@theglobalnative.org.uk
www.theglobalnative.org.uk

Terms And Conditions

We have established Enaleni
Community Limited as a new
corporate body that is a
Registered Society. In this
document, we, us and
our refers to Enaleni
Community Limited, registered
number 32105R based at Ebor
Court,
Westgate,
Skinner
Street, Leeds, LS1 4ND. As a
Registered Society, Enaleni is
governed in accordance with its
registered rules, a copy of
which is available on request.
Social Return
We have chosen this legal
model because it emphasises
the social benefit of the
investment we are asking our
members
to
make.
Incorporation
gives
the
members and directors the
protection of Limited liability,
just like a Limited company, but
unlike a company, a Registered
Society is not designed to
generate private profit but to
deliver a community benefit.
Still and all, its our goal that
investors receive a fair return
on their investment, whenever
the economic position allows
and the success of the project
isnt jeopardised.
Asset Lock
This model guarantees that the
assets that the society will own
will be used for the benefit of
the community and cannot be
disposed of for the private
profit of the directors or

members. This is called an

asset lock. The Co-operative
rules, which act as our
constitution,
have
been
approved by the Financial
Conduct Authority and are
available in a separate
document.
(The rules are available to be
viewed at or printed from
www.theglobalnative.org.uk)
Membership
Membership is open to natural
persons aged 16 years and
above, and to corporate bodies
represented by a natural
person, who accept the objects
of the society and have applied
for at least a minimum
shareholding. By purchasing
community shares, members
accept the possibility of loss.
The mechanism by which a loss
of their share capital could arise
is detailed in rule 31. However,
you cannot lose more than you
invest.
Payment For Shares
Shares will be issued on receipt
of payment. If a member orders
a packet of shares but opts for
disbursement in tranches, the
member has the right to pay the
relevant amount at the agreed
date for each tranche at which
the shares will be disbursed.
Managing Your Account
To open an account, the
minimum amount of 1 shares
to purchase is 300, the total

maximum 100,000. Members

are allowed to split their
ordered share package in up to
twelve separate but equal
tranches (for example 300
shares 12 = 25 shares per
month). Each tranche payment
will be acknowledged with the
receipt of its relevant payment
at the agreed date. However, a
share certificate will only be
issued once a member reaches
the minimum shareholding. Any
member not achieving the
minimum shareholding within
12 months of the first payment
may, at the discretion of the
Board, cease to be a member.
Any person ceasing to be a
member under this rule shall
have the value of the
accumulated shares, as at the
date on which they ceased to be
a member, returned to them,
and the relevant shares shall be
cancelled.
Account-Statements
Every year, statements will be
sent out to all members,
detailing all activities on their
account. All statements shall be
sent by email; however, you can
opt to have your statement
posted to a stated address by
writing to us.
Share Value
The share value is fixed at 1
per share. It cannot increase
and only under specific
circumstances (see rule 31) can
it decrease. The only financial

Enaleni Community Limited

shares cannot be transferred to
other members except on
death or bankruptcy. Members
may nominate in advance any
person or persons to whom
their shares can be transferred
in such an event.
Withdrawal of Shares
Investors can withdraw all or
part of their money (shares)
when they wish to, provided
they give the required three
months notice, and at least two
years has elapsed since the date
of the initial investment. Unless
members want to terminate
their membership entirely, they
have to keep at least the
minimum shareholding in case
of share withdrawal. The
directors have the power to
suspend the right to withdraw
shares wholly or partially,
indefinitely or for a fixed period
if withdrawals endanger the
business viability. However,
anticipating a waiting list of new
members ready to replace
investors that withdraw funds,
the directors are committed to
make investors funds available
if and when they need it.

Tax
Profits are paid gross of tax for
UK residents. It is the duty of
each member to declare any
gross payment to H

Risk
Whilst we firmly believe that
the business will be profitable,
it is nevertheless important for
members to understand that
there is a potential risk that the
business may fail. If this were to
occur members may lose part
or all of their investment. Whilst
this risk needs to be stated
here, the directors are
confident that the business
activities are likely to at least
maintain the value of your
investment.
Profits
At the end of every business
year and based on its financial
results, which will be disclosed
to the members, the directors
will decide on how much of the
generated profit can be
distributed to the shareholders
without
endangering
the
profitable viability of the
enterprise. Enaleni will then
disburse proportional profits to
the shareholders. The amount
paid to each shareholder
depends on the size and
timeframe of their individual
shareholding relating to that
closed business year.

Please return the completed form to The Global Native, Ebor Court, Skinner Lane, Leeds, LS1 4ND

Transferability of Shares

In order to give the enterprise a

fair and reasonable chance to
profitability,
we
require
investors to commit to keeping
their investment in the
enterprise for at least the first
two years before they can
withdraw it. This initial two year
period begins with the day of
making the first payment into
the account.

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benefit for members comes

from a proportional distribution
of profits to shareholders.
While it is intended to disburse
a fair and reasonable share of
profits on an annual basis it is
subject to the business health.
It should be stressed here that
the main reason for investment
with Enaleni is the social return

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Please return the completed form to The Global Native, Ebor Court, Skinner Lane, Leeds, LS1 4ND