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:

Tall Ships Races 2025 - Dunkirk to Aberdeen


Welcome to the second of four virtual Tall Ships Races in European waters which are concurrently being organized in-real-life Sail Training International . This second race is from Dunkirk in France up the North Sea to Scotland’s Aberdeen; circa 400nm in Sailonline’s magnificent 90m Barque.
NOTE: Starts and Finishes in tall ships racing are always offshore to avoid conflict with shipping and shipping lanes; online and real-life may not match exactly.
Race #1924
INFO by brainaid.de
Barque 90m PARTICULARS
WX Updates:
0430 / 1030 / 1630 / 2230
Ranking: TS - SYC
Race starts: Jul 13th 16:00 Registration will open soon
▶ Flash
GO TO RACE

Lake Ontario 300 Challenge 2025

Lake Ontario Offshore Racing (LOOR) welcomes Sailonline sailors (SOLers for short) to a second virtual version of a race in their annual series, the LO300. As the name implies, the LO300 is a 300nm offshore race across the length and breadth of Lake Ontario, from and back to Port Credit YC. Once again, as is our wont on Lake Ontario, a fleet of Beneteau First 36.7s is being made available to virtual racers. There is an overall prize for the SOLer who best bosses Lake Ontario over the two races hosted by Sailonline, this 300 and the Susan Hood raced back in May; so, let the competition be fierce!
Race #1931
INFOby brainaid.de
First 36.7 PARTICULARS
NAM_AWIP WX Updates:
0245 / 0845 / 1445 / 2045
Ranking: LOOR - SYC
Race starts: Jul 12th 15:10 Registration Open!

▶ Flash
GO TO RACE

SSANZ Triple Series 2025 - Race 1

Join the excitement as Sailonline partners again with New Zealand's Short-handed Sailing Association for the thrilling SSANZ Triple Series, proudly sponsored by Lewmar Marine. Our SOLers will tackle an exhilarating 47-nautical-mile race, navigating the waters of the beautiful Hauraki Gulf out to Motuora Island via The Haystack and back. Racing virtual Young 88 yachts, our virtual fleet will match skills and strategies with the real-life fleet of the vibrant Young 88 Association. Don't miss this intense, tactical challenge!
Race #1932
INFO by brainaid.de
Young 88 PARTICULARS
WX Updates:
0430 / 1030 / 1630 / 2230
Ranking:
SSANZ - SYC
Race starts: Jul 11th 21:15 Registration Open!
▶ Flash
GO TO RACE

Tall Ships Races 2025 - Le Havre to Dunkirk


Welcome to the first of four virtual Tall Ships Races in European waters which are concurrently being organized in-real-life by Sail Training International . The course for this first race is between the French ports of Le Havre and Dunkirk; circa 125nm in Sailonline’s magnificent 90m Barque.
NOTE: Starts and Finishes in tall ships racing are always offshore to avoid conflict with shipping and shipping lanes; online and real-life may not match exactly.
Race #1923
INFO by brainaid.de
Barque 90m PARTICULARS
WX Updates:
0430 / 1030 / 1630 / 2230
Ranking: TS - SYC
RACE CLOSE: Monday,
July 14 at 2300 UTC.
Race starts: Jul 07th 16:00 Registration Open!
▶ Flash
GO TO RACE

Young Island to Great Nicobar 2025

The adventure continues as we launch this fifth leg of the RWW series, racing from Young Island to Great Nicobar on the edge of the Bay of Bengal. Get ready for a chilling start as we set sail on the seventh leg of the 2025 Ocean Championship Series! A 5200nm journey of endurance, strategy, and pure sailing excitement. This leg will be pursued aboard the Super Maxi 100v2, pushing sailors to their limits. Do you have what it takes to conquer the Indian Ocean? Join us and put your skills to the ultimate test!
PRIZE: SMPF
Race #1929
INFO by brainaid.de
Super Maxi 100 v2 PARTICULARS
WX Updates:
0430 / 1030 / 1630 / 2230
Ranking: OCQ3 - RWW - OCCH - SUPSOL - SYC
Race starts: Jul 07th 11:00 Registration Open!
▶ Flash
GO TO RACE

Sail Around Turkey 2025


Welcome to the 11th running of one of Sailonline's most iconic races, where our fleet races the length of the Turkish coastline from Hopa (the easternmost harbour on Turkey’s Black Sea coast) to Iskenderun (the easternmost harbour on Turkey’s Mediterranean coast). It’s a 1,372nm race and aboard our classic, 1st decade of the 21st Century, version 2 IMOCA 60, you should be able to get around the course in less than a week. That is if, of course, once you get out of the Black Sea you don’t stop to enjoy the sights or a BBQ or two in the Golden Horn, or on the Marble Islands, now land-locked Troy or Gallipoli or any of the myriad Aegean islands, that you shall have to carefully navigate past.
Race #1930
INFOfrom brainaid.de
IMOCA 60 v2 PARTICULARS
WX Updates:
0430 / 1030 / 1630 / 2230
Ranking: SYC
RACE CLOSE: Friday,
July 11 at 2300 UTC.
Race starts: Jun 27th 15:00 Registration Closed
▶ Flash
GO TO RACE

Go to race archive

SYC Ranking

  1. Sailonline Yacht Club Member CriticalHippo
  2. Sailonline Yacht Club Member WRmirekd
  3. Sailonline Yacht Club Member FreyjaUSA
  4. Sailonline Yacht Club Member KaSToR
  5. Sailonline Yacht Club Member rafa
  6. Sailonline Yacht Club Member Kipper1258
  7. Sailonline Yacht Club Member rumskib
  8. Sailonline Yacht Club Member BRENTGRAY
  9. Sailonline Yacht Club Member vida
  10. Sailonline Yacht Club Member bonknhoot

View full list

Series

Mobile Client

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

The mobile client