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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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