There are two ways in which you may buy shares in the company. You may either purchase directly from the company or you will need to open an account with a stockbroking firm that trades shares listed on Vienna Stock Exchange.
Investing directly with the company is subject to the availability of shares and a minimum investment of €30,000. If you are a UK taxpayer, you will be eligible for an income tax relief for up to thirty percent of the amount you have invested through the Enterprise Investment Scheme (EIS).
If you wish to invest directly with the company, please email firstname.lastname@example.org.
You may find a list of stockbroking firms that participate in the trading of shares on Vienna Stock Exchange.
As with buying shares, you will need to open an account with a stockbroking firm.
The ability to buy or sell shares in a listed company is subject to the number of participants in trading these shares. This is known as the liquidity. As a relatively recent entrant to the market, our shares’ liquidity is extremely limited due to three factors.
Firstly, many of our existing shareholders bought our shares through the Enterprise Investment Scheme (EIS) prior to our listing. Under EIS, our investors are prohibited from selling their shares for three years due to the generous tax relief offered by HMRC. Secondly, our company still has a number of shares issued under EIS and hence our recent investors have preferred to purchase shares directly from the company rather than through the stock market. Thirdly, the recent Covid pandemic has discouraged many people from buying shares in companies that are new to the market.
As a company, we have always encouraged our investors to invest for the long-term. The liquidity of a company on a stock exchange increases over time and we have plans to ensure this will happen. Meanwhile, the shares in Wealth Dragons are traded on a “match-bargain” basis, i.e. matching willing buyers and sellers. Until our liquidity improves, finding willing buyers for shares remains the responsibility of the sellers.
We will keep you up-to-date on our progress with this and rest assured that it is in our company’s best interest to increase our liquidity.
Under the stock exchange rules, the company and its Directors are prohibited from treating individual investors favourably by carrying out a share buy-back from any individuals.
For live market data, go to https://www.wienerborse.at/en/market-data/shares-others/quote-direct/?ISIN=GB00BGMGZR93&ID_NOTATION=261954089
EIS or Enterprise Investment Scheme is a UK government scheme where Her Majesty Revenue and Custom (HMRC) allows a qualified company to offer its shares to investors who can enjoy a significant tax relief by investing in the company. For example, if an investor invests £10,000 in a company through EIS, the income tax relief will be 30 percent or £3,000.
Wealth Dragons obtained authorisation from HMRC to issue shares under EIS on 11th May 2017.
No, EIS is only for UK income taxpayers only.
For all shareholders’ enquiries, please email email@example.com or call 01908 032432.
Yes, they will be published in our impending Annual Report and Annual General Meeting (AGM) and the dates will be announced as soon as possible.
Wealth Dragons Group Plc
Linford Wood Business Centre