The fan-owned Scottish League One outfit opened up an initiative for supporters to buy new shares in blocks of £5000 almost three weeks ago.
As discussions with interested investors continue, the window in which to purchase these has been extended from March 22 until April 5. This ties in with the tax year-end, with purchasers potentially able to take advantage of tax incentives linked to the shares.
Community shares are one of the fundraising tools open to the Galabank club through its Community Benefit Society (CBS) ownership model.
Investors can be individuals, businesses or consortiums.
The share initiative was launched in tandem with a new business plan which outlines a vision to secure sustainability and success, both on and off the pitch.
Annan chairman Russell Brown said: “We are really pleased – and extremely grateful – for the way in which people have stepped forward so far to support us by buying community shares or expressing an interest in doing so.”
Upcoming events to support the club include a sell-out evening with Rangers legend and Sky Sports pundit Kris Boyd at Galabank on March 28 and a race night – which fans and families are invited to attend – at 7 pm on March 29, after Annan host Kelty Hearts.
The community share offer does not change the club’s one member, one vote shareholder governance structure.
Each community share investor will be granted Life Member status and become part of Club 1942.
Potential investors can purchase up to a maximum of four community share offer blocks of £5000 with the option to pay up-front or via an agreed payment plan.
On top of the community share offer, fans can still become shareholders in Annan Athletic with a £1 stake and a £10-a-year annual payment. Regular shareholders have – and will remain to have – the same voting and general membership rights as community share offer investors.
