Update on Community Share Withdrawal
By Simon Colebrook
Update on 03/11/2017
Further to the previous update issued last Friday 27th October, we are pleased to announce that we have started making payments to shareholders.
However, our bank’s fraud prevention systems are detecting the large number of identical payments as suspicious and this is causing delays in the processing of payments. In addition, the process of entering and authorising each transaction individually combined with this work being carried out by volunteers outside of their day jobs means that this will take a couple of weeks to complete all 1,600 payments.
We are in discussions with our bank to identify a better, more speedy solution and will continue to make our best efforts to complete this refund process as soon as possible.