investment strategy at present is intended to accumulate local assets
chiefly in Eastern Europe, where relatively modest environmental investment
can generate large biodiversity and natural resource benefits. For example,
the retirement of arable land in the drought-prone agriculture belt
of southern Ukraine will help to rebuild populations of rare birds like
great bustards, cranes, partridges, quail and corncrakes.
It is expected
that operating profits and dividend payments will accrue over the longer-term
as the countries pass through their transition to market economies. Meanwhile,
shareholders are expected to enjoy returns on their investment through an
increase in the share price related to the overall growth of the company's
assets and the attractiveness of its ecological operations.
institutional investors may subscribe to ordinary shares up to a limit of
10% of the overall capital at the time.
shares are also available for investments that can be tied to specific
projects under a shareholders’ agreement.
In due course,
when it has established a suitable track record and turnover, it is expected
that the company will make a public offering of its shares.
As of May
2006, the company had 26 shareholders and a subscribed capital of more
than £150,000. The shareholders include Worldwide Fund for Nature (Austria)
and Doen Foundation (Netherlands) who have each purchased convertible
preference shares for specific project investments.
In addition to
share capital, the company has attracted other income streams, for example
from EU funds, consultancy contracts and in-kind support.
has a joint stock subsidiary registered in Ukraine (Salix
Ltd). Through this subsidiary, FIELDFARE coordinates
investment activities in the Lower Danube region.
Share subscription form is provided at the back of the latest Shareholder
Update on the downloads page.
statutes and latest audited accounts are available on request from the
Managing Director, Paul