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By Companisto

Ad Hoc Release: Companists Accept Redemption Offer by 5 CUPS

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The crowd-financed start-up 5 CUPS and some sugar recently made its investors a redemption offer. Back in June 2013, 742 people had invested a total of €300,000 in the start-up via Companisto.

5 CUPS and some sugar sells, produces, and ships individual and personalized tea blends that customers may put together online by choosing from more than 50 high-quality ingredients according to their own taste.

Very recently, 5 CUPS offered its Companists to buy back their shares for €436,000, i.e., for a 45 % return.

From 27 February through 10 March 2015, all Companists affected by the offer were requested to vote in the investors section of 5 CUPS. In order for the redemption offer to be accepted by all Companists, a majority of 75 % of votes cast had to be in favor of the offer.

Ultimately, 98.41 % of the votes were for the redemption offer. Voter turnout reached 93.79 % (which is far more than the voter turnout during the last German Bundestag election).

 

 

The redemption offer by 5 CUPS was the second exit offer to investors on the Companisto platform within a very short period of time. In November 2014, an investment company offered the Companists of Companisto to buy their shares for a 100 % return.



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Please note
The acquisition of this asset involves considerable risks and can lead to the complete loss of the assets used. The expected yield is not guaranteed and may turn out to be lower.
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