Selling Shares

Monzo Chat Crowdfunding & Investors
1

Hi All,

I’m looking to offload some shares (1949 + 249 = 2,198 total) and am looking for £5+.

I would like to offer these in an open, transparent and fair environment so if you are interested let me know and I’ll add you to the mechanism I choose to find market value. Slack/Telegram channel, whatsapp group, email chain etc… Time limited and best offer will be successful.

Cheers.

2

I think you need to reach out to Monzo ahead of selling, might be worth checking first !

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3

Why would he need permission? Surely these are shares that are Nominee Ordinary shares, held in a nominee account, so he is free to do what he wants with them?

4

The Articles of Association, which the company and all shareholders are bound to, specifically states that permission is required by the board unless the shares are being transferred to (if I remember right) family or to a family trust.

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5

Okay, Thank you for this, you learn something new everyday.

I have never brought shares through a crowdfunding campaign before, so the rules are all very different and confusing.

6

No problem. It can be quite confusing. I image this rule is here to prevent an individual from purchasing large amounts of shares by scooping fragments from a lot of people, or because there’s no automated secondary market (like a stock exchange), and so there’s a lot of manual work to transfer shares.

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7

How did this go for you @pgt168?

Interested to know what ‘mechanism’ you used to find the best offer?

When you said that I pictured something like an eBay auction but doubt that’s a thing. Maybe just a spreadsheet then tell the runners up they need to increase their bid? :thinking:

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8

Hi, this is something I would be interested in, if still for sale

9

Hi,

Yes they’re still for sale but I am awaiting permission from Monzo which has been requested via Crowd Cube.

I think the mechanism I’ll use is exactly as you have outlined basically a silent auction to figure out price. There are a few around so once I get the go-ahead I’ll post details.

Thanks for your interest.

10

Hi,

Yes they’re still for sale but I am awaiting permission from Monzo which has been requested via Crowd Cube.

I think the mechanism I’ll use is basically a silent auction to figure out price. There are a few around so once I get the go-ahead I’ll post details.

Thanks for your interest.

11

Hi,

Yes thank you I have asked them and for the moment they’re still for sale but I am awaiting permission from Monzo which has been requested via Crowd Cube.

I think the mechanism I’ll use is basically a silent auction to figure out price. There are a few around so once I get the go-ahead I’ll post details.

Thanks for your interest.

12

Any updates on selling shares?

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13

If anyone is looking to buy, please message me. I have 1,141 shares.

14

I would be interested in seeing what the appetite for buyers is, I have two blocks 1949+434

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15

Let me know if you’re still selling, offering £3 per share

16

Offering £3 per share, message me s4j@outlook.com

17

I would be surprised if any one sold at £3.00 just before a crowdfund round that would value Monzo at £1 billion

The last raise was at £2.35 valuing Monzo at 380 million

I think the price will probably be between £5-£7

I would happily sell to you at a discount once the new valuation has been announced

I have 287 available and have already contacted Crowdcube - anyone interested please pm ASAP so I can contact you upon revaluation…

18

Are you still selling?

19

I am selling 287 shares but waiting for Monzo to announce their new valuation as soon as they announce this I will set a discounted price would you like to be added to the list of interested buyers ?

Let me know via a private message

Thanks

20

Hey I’m interested but cannot PM you as I’ve only recently joined the community forums