Facebook

Login

Support Sailonline

If you haven't already - join the SAILONLINE YACHT CLUB!

Please also consider making a donation - all amounts are greatly appreciated!

Board » Sailonline Yacht Club » Announcements regarding SYC Ownership of SOL

Posted by
RainbowChaser


Users avatar

Posts
2656
Registered at
2009-06-14 09:44:50
2013-05-03 08:22:03 - Announcements regarding SYC Ownership of SOL
Some questions answered:

Q1 - Why is this being done?

A – Click here to read Jakob’s article which explains everything.

Q2 - How much it will cost me in USD or EUR?

A - The minimum investment is 100 shares and depending on the number of shares that will be allocated to you after closure of the offer, your cost will be as many SEK as the number of shares ( 1 share = 1 SEK ). Approx. rate of exchange today : 100 SEK ≈ 11 EUR; ≈ 14 USD. Use xe.com to check current exchange rates.

Q3 - What do I need to do after sending in my proposed participation?

A - Just wait for the closure of the offer and you will then be notified with the amount of shares allocated to you. At this time you will receive instructions for payment.

Q4 - What happens if the shares requested by the Community exceeds the number of shares available?

A - Shares will be allocated to individuals on a pro rated basis, in other words, as a percentage ratio between the number requested by an individual and the total number requested by the Community ( e.g : individual request = 1000 ; total request = two times availability, means individual gets half of what was requested).

Q5 - Can I apply for more than 5% (3750 shares) in order to reduce the risk from being pro-rated?

A - No

Q6 - Can I return the shares to the Company or sell them to others in the Community?

A - At the moment the answer is Yes , bearing in mind following constraints :
(i) Shares can be either returned to the Company or sold to other eligible members of the Community, they cannot be sold outside the Community.
(ii) Shares can be sold to the Company practically at any time, allowing time for processing the transfer and with the seller bearing all costs of administration and transfer.
(iii) An internal market for shares selling and purchasing between members of the Community (still via the Company) will be open once a year. (Rules and details to be published asap)

Q7 - I was not an SYC member on 1 May 2013 but want to become a shareholder, how can I do this?

A - If you are an SYC member on the day prior to the opening of the next internal shares market you will qualify then

Q8 - Will more shares be made available in the future?

A - The board will have the right to increase the company capital and offer new shares in future. In that event, the entire Community of eligible SYC members will be allowed to invest, with the criteria in force at the moment of such capital increase. The maximum individual ownership will remain at 5%.

Q9 - Shall I have a financial return or dividends from my investment?

A – No. The purpose of the operation is purely to provide basic financial stability for SOL any profits or surplus will be ploughed back into SOL.

Q10 – Is my investment guaranteed

A – No.

___________

--- Last Edited by RainbowChaser at 2013-10-18 10:52:10 ---
Posted by
Svein


Users avatar

Posts
84
Registered at
2009-05-04 15:09:20
2013-05-06 06:30:30 - Re: Questions regarding SYC Ownership of SOL
We have sent an invitation to buy shares to SYC members, but some emails were not delivered. Also the mail may have interpreted as spam and found its way to the junk file.
Please check.
If you haven't received an email with an attachment "prospectus...." please notify us to epd-p@telia.com
Posted by
Svein


Users avatar

Posts
84
Registered at
2009-05-04 15:09:20
2013-06-17 13:33:44 - Re: Questions regarding SYC Ownership of SOL
“If you have announced interest in participating in New Company, AND have not
received a thank-you-email from Svein, PLEASE send a copy/new to him at
svein.a@telia.com”.

Thread is locked.

Races

Next Race: 00d 00h 00m

Current Races:

Skimmer Dragonfly - India to East Africa 2026


In the autumn, when the rains stop and the tourists thicken in Goa and along the north western coast of India, globe skimming dragonfly climb to the skies (up to 1500m) to catch the high-altitude ITCZ winds and glide south west to East Africa. We’ll stay at sea level, where alas the winds will be less predictable, and race them there, the whole 2400nm of the way, in Carkeek 40s.
Race #2062
INFOby brainaid.de
Carkeek 40 PARTICULARS
WX Updates:
0430 / 1030 / 1630 / 2230
Ranking: MIG - SYC
Race starts: Nov 11th 11:00 Registration Open!
▶ Flash
GO TO RACE

Fiji TIMED Race 2026

Welcome to Fiji for this month’s TIMED race. Sail our 90 foot Monohull over the almost 200nm course beginning in Lucala Bay and ending in Labasa in your attempt to turn in the fastest time.
This is a TIMEDrace so you may RE-REGISTER HEREto try again after finishing a run. You will have two weeks to test your skill and decision making after the race opens.
Race #2069
INFOby brainaid.de
PARTICULARS
WX Updates:
0430 / 1030 / 1630 / 2230
Ranking:
TRQ4 - TRCH - SYC
RACE CLOSE: Saturday,
21 November at 23:00 UTC
Race starts: Nov 08th 12:00 Registration Open!
▶ Flash
GO TO RACE

Bar-Tailed Godwit - Alaska to New Zealand 2026


Welcome to the autumn return flight of our bar-tailed Godwit, reflecting the bird's annual migratory route. This is the penultimate leg in our migration series. (The concluding leg is coming up simultaneously, 'Skimmer Dragonfly', start on the 11th of November. Not part of the 2026 OCCH). This race, at hand, is the next to last leg of the 2026 Ocean Race Championship. The voyage promises to be not only a test of skill and strategy but an immersive experience in the beauty of the vast Central Pacific Ocean. Join us as we push the boundaries of seafaring prowess on this epic adventure.
Let's fly like a Godwit!
Race #2065
INFOby brainaid.de
GunBoat 90 PARTICULARS
WX Updates:
0430 / 1030 / 1630 / 2230
Ranking:
OCQ4 - OCCH - SYC - MIG
Race starts: Nov 02nd 11:00 Registration Open!
▶ Flash
GO TO RACE

Mad Max by Balloon 2026 - Across the Outback


Mad Max Rockatansky doesn’t get to go in a balloon in any of the Legends of the Wasteland, and the Wasteland is not necessarily the Outback of Australia, but Mel Gibson and film director George Miller indubitably are… of Australia, and ballooning as reconnaissance is a main feature of the Mad Max spin-off video game, so here goes: 1500nm in a balloon from somewhere on the edge of the Outback, Goondiwindi, to cross a finish line at Fitzroy Crossing, somewhere on the edge of the Outback!
Race #1974
INFOby brainaid.de
SOL Balloon PARTICULARS
WX Updates:
0430 / 1030 / 1630 / 2230
Ranking: BOL - SYC
RACE CLOSE: Tuesday,
November 17 at 2300 UTC.
Race starts: Oct 14th 13:00 Registration Closed
▶ Flash
GO TO RACE

Go to race archive

SYC Ranking

  1. Sailonline Yacht Club Member KaSToR
  2. Sailonline Yacht Club Member CriticalHippo
  3. Sailonline Yacht Club Member rafa
  4. Sailonline Yacht Club Member rumskib
  5. Sailonline Yacht Club Member cdhinman
  6. Sailonline Yacht Club Member rthinman
  7. Sailonline Yacht Club Member Panpyc
  8. Sailonline Yacht Club Member BRENTGRAY
  9. Sailonline Yacht Club Member brandystrega
  10. Sailonline Yacht Club Member Sax747

View full list

Series

Mobile Client

SYC members have the benefit of access to our mobile/lightweight web client!

The mobile client