Jazz.Coop bonds

For a limited period time – from 7 March to 11 May 2020 – we are inviting people to support us by investing in Jazz.Coop bonds. This should improve the financial position of Jazz.Coop and help to secure the future of Tyneside’s cooperatively owned music venue, The Globe.

Bonds are a form of borrowing that allows investors to loan money directly to the business and receive a fixed return over a set period of time, with the initial investment returned at the end of the prescribed duration. They are in effect IOUs which the business sells to investors.

Jazz.Coop is offering five-year bonds with investors earning annual interest payments during the life of the bond. At the end of the term, the investors can either receive their initial investment back or reinvest it in further bonds.

These bonds confer no voting rights or other control over the cooperative. Interest on these bonds is paid annually. Unlike some loans, the capital is repaid in full at the end of the term rather than as regular repayments.

For full details about this bond offer please download our bond offer document. There is a postal application form at the end of the document. You may also apply for bonds using the online form below. You can pay for your bond in the following ways:

  1. Transfer money to our bank account (account number 65719226, sort code 08-92-99). Please include ‘your name + BOND’ as a reference.
  2. Send a cheque (payable to Pink Lane Jazz Co-op Ltd) together with a completed application form to: The Secretary, Pink Lane Jazz Co-op Ltd, 71 Highbury, Newcastle upon Tyne, NE2 3LN.

APPLICATION FORM

YOUR DETAILS
If you are applying on behalf of an organisation please provide the organisation name, registered office address and registration number.

Your Full Name*

Your Email*

Organisation name (if applicable)

Organisation registration number (if applicable)

Address(line1)*

Address(line 2)

Address(line 3)

Town/City*

Postcode*

Telephone number

YOUR INVESTMENT
The minimum investment is £500, and the maximum is £20,000.
Please specify the amount you wish to invest.*

INTEREST
Interest will be paid on bonds at 3.5% simple interest per annum. You may choose to waive your interest payment or have it paid into your bank account once a year. Please tick which applies.*
I wish to waive the receipt of interest on this bond purchasePlease make interest payments to the following account
Bank name
sort code
account no

PAYING FOR YOUR BOND
You may pay for your bond either by posting a cheque to The Secretary, Pink Lane Jazz Co-op Ltd, 71 Highbury, Newcastle upon Tyne NE2 3LN, or by bank transfer to account number 65719226, sort code 08-92-99. Please tick which applies*
I have posted a cheque made payable to 'Pink Lane Jazz Co-op Ltd'
I have transferred money to the Pink Lane Jazz Co-op using online banking

CONSENT*
By completing this form I confirm I accept the Terms and Conditions set out in the Bond Offer Document.

Data Protection: Pink Lane Jazz Co-op Ltd will use these details to contact you with regard to your investment and to update you on the performance of the cooperative. Your details will not be passed to a third party.

Extra comments/message

*required

This bond offer is exempt from regulation and therefore does not require authorisation by Financial Conduct Authority. If the business fails you have no right of complaint to the Financial Ombudsman or the Financial Services Compensation Scheme.