TUST

TUST UPDATE

YELLOW ARMY SHARE ISSUE – 1ST SEPTEMBER UPDATE

As at 1st September ( 7pm) we are delighted to confirm the total of £137,281 has so far been pledged to our Community Share Issue with 26 out of the 35 days still remaining.

The initial minimum target of £100,000 was “smashed” within 5 days of launch and we continue to receive a significant stream of pledges.

It is especially heartening to see the depth of support, with 320 individual pledges so far and as a result we have seen TUST membership numbers pass 1,000 from just over 400 a year ago.

All the funds raised (except for the fees associated with collecting them) will be transferred to the Club and deployed on and off the pitch as it moves to a sustainable financial model to safeguard its long-term future.

The higher the capital raise from the community share issue, the greater TUST’s ownership stake in the Club will be and this will allow it to go further and faster in its rebuilding programme and its journey towards its stated ambition – a return to the Football League.

With our initial £100,000 now reached, we are setting our next target at £250,000. Achieving this “stretch target” will provide a huge boost to the chances of fulfilling this goal.

The TUST board would like to take this opportunity to say a “huge” thank you for your support so far. We have been blown away by the strength of feeling from the Yellow Army.

TUST MEMBERSHIP

As you will hopefully be aware, all subscribers to the Community Share Issue need to be members of TUST. Therefore, if you have not already joined TUST can you please do so by visiting the Yellow Army Share Issue landing page at https://www.tust.co.uk/yellow-army-share-issue or via the following link https://www.tust.co.uk/join-1.

We must stress that ownership of Community Shares is contingent upon being a TUST member. Once the fundraise has completed on the 27th September we will be undertaking a reconciliation exercise and will have no other option than to cancel applications and reimburse pledges for those subscribers who have not joined TUST. Please refer to the Offer Document for further confirmation of this point.

REWARDS AND BENEFITS

We have received a number of queries regarding the Rewards and Benefits associated with the 2 packages. To put your minds at rest, we will be contacting each subscriber once the fundraise has been completed in order to confirm the following information:

The name you wish to have detailed on the Team Shirt and the Investor-Member Board (or indeed if you want to have your name showing). Whilst the ownership of the shares has to be in the name of a TUST member, we are keen to accommodate where we can any specific wishes for a name on the Shirt or Board i.e. The Smith Family (for example) or a Group Name. Naturally, there has to be some limitation on the characters or we will run out of space, given the huge success so far and the number of subscribers!!
How to collect your share certificate and pin badge
Dates for Meet the Manager events
Dates for Exclusive Reception, Annual Golf Day and process for Director for the Day (Platinum members).

We have a team who are working on these aspects and we will communicate further with you once the fundraise has completed.

PAPER VERSIONS OF THE OFFER DOCUMENT/APPLICATION FORM

There are a number of supporters who are unable to or do not wish to purchase community shares online. Naturally, by the very receipt of this email you have been able to follow the online process and this is the easiest way to apply and for TUST to administer the offer. However, if you know of any potential subscribers who would like to contribute but are not able to pass through the online journey, please make them aware that paper copies of the offer document and application forms are available at the Torquay United club reception.

Once again, thank you for your support at this time

Yellow Army – You are all simply amazing!

The TUST Board

JOIN HERE – http://www.tust.co.uk