THCL - News Letter 3

Legal Matters

An important milestone has been passed! We have finally received the draft contracts for the Business Transfer Agreement and the Leasehold Agreement. We are expecting a report and recommendations from our solictor next week. There will doubtless be some issues to iron out, but there is a good chance we will be in a position to sign in a month or so.

Time Scales and Annual General Meeting (AGM)

Before we can proceed with the take over of the Post Office we need to have the leasehold agreement in place. This is a requirement. There is then a process to be gone through which will take a couple of months. Also, legislation requires various upgrades to utilities before the shop can be leased. So getting the pieces of this jigsaw in place is likely to to take us into February 2023. The feeling is that most people will not welcome the idea of an AGM in December, so it is proposed we now fix a date in February 2023.

Shares

We believe that all the shares have now been correctly allocated and share certificates issued, but if you haven't received one or you think the one you have received is incorrect, please let us know.

Solar

We are progressing with the investigation into solar panels for the shop. As previously reported, the owner of the building is happy for these to be installed and they would help to reduce the electricity costs for the business. Even when energy prices were a lot less, the cost of running fridges was a significant burden. More efficient units together with solar would make a big difference. Any thoughts or feedback very welcome.

Volunteers

If you are interested in volunteering in the shop please let us know. It would be really helpful if you could fill in the form at https://harbertonford.com/volunteers/ so we know your preferences.