TUST

TUST UPDATE

Yellow Army Share Issue

Half Time Report

As at 10th September (9.30pm) we are delighted to confirm the total of £152,781 has so far been pledged to our Crowdfunder Community Share Issue with 17 out of the 35 days still remaining. However, in addition to this sum we have also received a further £8,750 from direct “manual” subscriptions which gives a grand total of £161,531.

To date there have been 364 subscribers contributing to this total with an average contribution of approximately £443 each.

Membership of TUST as at 10th September has reached 1083 which is fantastic.

As mentioned in our last update, 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.

By way of an example, if the current sum of £162,781 raised was used in its’ entirety to purchase a stake in Torquay United Association Football Club Ltd (“the club”), TUST would own 23.75% of the club when coupled with the £50,000 already subscribed through the TUST Forever Yellow Fund.

Achieving our stretch target of £250,000 would take this ownership stake to over 30%.The TUST board would once again like to take this opportunity to say a “huge” thank you for your support so far.

TUST MEMBERSHIP

A gentle reminder that all subscribers to the Community Share Issue need to be members of TUST. Therefore, if you have not already joined TUST we would be grateful if you could 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.

Once the fundraise has completed on the 27th September we will be undertaking a reconciliation exercise anyway, but it would be helpful to us if you can ensure membership is in place before the closing date.

PAPER VERSIONS OF THE OFFER DOCUMENT/APPLICATION FORM

We continue to see a number of requests for paper versions of the offer document and application form.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.

Alternatively you can email us at info@tust.co.uk and request a copy to be posted.Once again, thank you for your support at this timeYellow Army – You are the best!

The TUST Board

JOIN HERE – http://www.tust.co.uk