WeShop Community Vote: October 2023
Please see the following letter from the WeShop board of directors.
25th October 2023
Dear WeShop Community,
Following the recent vote which closed on 11/10/2023, the board has agreed to implement the following recommendations.
We will be planning & developing a mechanism within the WeShop app to set-up a stockbroking account, allowing members to buy and sell shares powered by an FCA (Financial Conduct Authority) regulated firm.
We will be planning & developing a mechanism within the WeShop app to set-up ISAs (Individual Savings Account) and multiple JISAs (Junior Independent Savings Account), powered by an FCA (Financial Conduct Authority) regulated firm.
We will be planning & developing a prize draw mechanism whereby members will have the opportunity to receive prizes of shares on a weekly basis.
We have suspended all new share withdrawals using the historic buyback provision, and instead will use the funds to grow the business through user acquisition, with a view to increasing the value of the business leading to a potential IPO.
We will provisionally agree to renew the Soccer Aid for UNICEF sponsorship for 2024.
WeShop is a community and we look forward to continuing to build the business together.
WeShop.