Ecology Building Society is pleased to announce the launch of up to £6,500,000 additional CCDS to consolidate with the existing £3,000,000 CCDS on settlement. The perpetual CCDS will have an expected distribution of £0.11 per CCDS paid in two equal semi-annual instalments and will have a minimum subscription amount of £5,000.
The offer is being made to eligible counterparties and professional clients only, and is subject to further selling restrictions, both as further described in the Information Memorandum linked below. The offer is being managed by Allia C&C Limited.
The offer will remain open until noon on 22 August 2025, with settlement on 1 September 2025.
This follows the existing CCDS being admitted to the Official List of The International Stock Exchange (“TISE”) in the Channel Islands on 27 June 2025.
Please click here to read more about the new issue.
About Ecology Building Society
As a member-owned building society, the Society offers a range of ethical savings and mortgage products in England, Scotland, Wales and Northern Ireland.
Founded in 1981, the Society was born from a desire to provide mortgages on sustainable properties and projects that other lenders would not consider – capitalising on a gap in the market and providing an opportunity for ethical savers to make a difference through their investment.
From its initial 10 members, the Society has grown to a membership of over 15,000 including over 1,400 mortgage customers and assets of nearly £337 million at its last year-end, 31 December 2024 (with mortgage assets of over £250m). The Society’s balance sheet has increased by over £110m (or 49%) in five years and the Society employs over 70 colleagues. The Society had a strong Net Interest Margin at December 2024 of 2.45% having managed its margin carefully through changes in the UK bank base rate in recent years.
Incorporation & Regulatory
The Society is incorporated in England and Wales under the UK Building Societies Act 1986 (as amended from time to time) and regulated by the PRA and the FCA. It is registered in the FCA Mutuals Public Register with number 733B and in the Financial Services Register with reference number 162090. It has no subsidiaries or associated companies.
The registered address of the Society is 7 Belton Road, Silsden, Keighley, West Yorkshire, BD20 0EE.
Purpose
The Society’s Memorandum sets out the Society’s principal purpose as “making loans which are secured on residential property and funded substantially by its Members”. The Memorandum also sets out “other purposes” of the Society including:
- to promote, in carrying on any business or other activity, ecological policies designed to protect or enhance the environment in accordance with the principles of sustainable development;
- to carry on the businesses of banking, investment, insurance and the provision of financial services and facilities;
- to carry on any businesses connected with the provision of housing or other accommodation or the provision of any services relating to housing or other accommodation; and
- the development of building practices, ways of living or uses of land which have a low ecological impact.
The Society also aims to promote ecological policies designed to protect or enhance the environment in accordance with the principles of sustainable development, the growth of a sustainable housing stock and the development of building practices, ways of living or uses of land which have a low ecological impact.
The Society’s Ecological Policies are set out in the Society’s Environmental Policy Statement that is available on the Society’s website at https://www.ecology.co.uk/corporate-information. The Society requires any borrower applying for a loan to demonstrate that the intended purpose of the loan is consistent with the ecological policies in the Environmental Policy Statement.
Mission and purpose
The Society is a member organisation dedicated to improving the environment and society by enabling sustainable buildings and communities. The lending for these projects is through the investment of its Members into a range of ethical savings accounts. The Society’s Vision is to support the creation of a fair society in a sustainable world.
This means:
- People and the environment benefit from homes with good ecological performance,
- People and the environment benefit from sustainable communities,
- People and the environment benefit from a fair and sustainable economy.
