Yes. LCE has specified the terms for withdrawal in order to manage our finances, such as the period of notice of the intention to withdraw (3 months’ notice). The Directors also have the right to suspend withdrawal of shares.

Like most new Societies LCE will defer making provisions for withdrawal by suspending the withdrawal of share capital for an initial period of three years to ensure that the solar schemes will get established and become profitable.

There is a legal limit on the amount of withdrawable share capital that can be held by an individual member, and the Directors have some discretion about the amount of shares which can be withdrawn in any one year. However, it is the Society’s intention that, in addition to those shareholders who ask to withdraw their shares, LCE also has a planned programme to buy back shares as soon as the revenue from the solar schemes allows this.