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:

The Vineyard Race 2025


For the first time since first hosting a virtual Vineyard in cooperation with Long Island's Stamford Yacht Club back in 2010, due to an operational calendaring error, Sailonline has missed the start of the real life race, the USA’s Labor Day weekend this year unusually falling across the turn of August. Silly SOL! So, a week late please join us anyway for a virtual rerun of Stamford’s iconic annual overnighter from their club line out the sound to Buzzard's Bay Light near Martha's Vineyard Island and back again, leaving Block Island to starboard. This year, Sailonline is making its magic MC 38 available to competitors, a race boat with a quirky polar that will require you to stay wide awake as you speed around the c 250 nm course, in rockstar style!
Race #1946
INFO by brainaid.de
MC 38 PARTICULARS
NAM_AWIP WX Updates:
0245 / 0845 / 1445 / 2045
Ranking: SYC
Race starts: Sep 06th 17:05 Registration Open!
▶ Flash
GO TO RACE

Great Nicobar to Marion Island 2025

The Adventure Continues – Leg #6 of the RWW Series.
We’re setting sail on the next stage of the RWW Series: a 4,400-nautical-mile passage from Great Nicobar to Marion Island. This demanding leg will test endurance, strategy, and seamanship at the highest level. As part of the 2025 Ocean Championship, this marks the ninth legendary challenge in the series — and one of the most exhilarating yet. The race will be contested aboard the Archer 78’ ketch, a vessel built to push sailors to their limits across the vast Indian Ocean.
PRIZE: SMPF
Race #1942
INFO by brainaid.de
Archer 78 PARTICULARS    
WX Updates:
0430 / 1030 / 1630 / 2230    
Ranking: OCQ3 - RWW - OCCH - SUPSOL - SYC
Race starts: Sep 01st 11:00 Registration Open!
▶ Flash
GO TO RACE

Africa by Sea 2025 - Maputo to Mogadishu


The fifth leg of our exploration of Africa By Sea takes us north along the length of the Continent’s succulent sub-tropical and tropical Indian Ocean coast. Much fought over by traders and colonists both well-before and after a Portuguese expedition under the command of Vasco da Gama first sailed there from Europe back in the 16th century, it is yet to be properly explored as a yachting destination. With plenty of islands off- and inshore, small and very large, there is much to interrupt your 1900nm voyage and visit in your Swan 65, from Maputo to Mogadishu! Race #1858
INFOby brainaid.de
Swan 65 PARTICULARS
WX Updates:
0430 / 1030 / 1630 / 2230
Ranking: SYC - ABS
RACE CLOSE: Saturday,
September 6 at 2300 UTC.
Race starts: Aug 20th 17:00 Registration Closed
▶ Flash
GO TO RACE

Go to race archive

SYC Ranking

  1. Sailonline Yacht Club Member WRmirekd
  2. Sailonline Yacht Club Member CriticalHippo
  3. Sailonline Yacht Club Member vida
  4. Sailonline Yacht Club Member rafa
  5. Sailonline Yacht Club Member KaSToR
  6. Sailonline Yacht Club Member Kipper1258
  7. Sailonline Yacht Club Member BRENTGRAY
  8. Sailonline Yacht Club Member Sax747
  9. Sailonline Yacht Club Member CollegeFund
  10. Sailonline Yacht Club Member Panpyc

View full list

Series

Mobile Client

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

The mobile client