A SUNNY & BRIGHT NICE 2018 AGM REPORT!

 

  • PERFORMANCE ABOVE MODELLED FORECAST;
  • ENERGY SAVINGS & CARBON FOOTPRINT REDUCTION FOR ALL MEMBER ORGANISATIONS;
  • 4% INTEREST RETURN FOR MEMBERS; AND
  • NICE1&2 MEMBER SHARE BUY BACK SCHEMES 2018 .

NICE held their 2018 AGM on 11th October in the McSweeny Building, Ashton, Belfast.

Thanks to all members who were able to attend and to those that availed of the online voting facility.

The evening kicked off with an intro by NICE member organisation and AGM host, Ashton’s Facilities Manager, Richard Healey.  Richard explained the McSweeny building had opened for business in May 2018 after a significant build and refurbish programme.  Richard outlined Ashton’s other facilities and various services.  He welcomed interest from any organisation or community group wishing to avail of their facilities or services and provided contact information to do so.

The main business of the AGM then proceeded.

Chair, Andy Frew gave a succinct & positive report on the past year at NICE and he made reference to the political instability and subsequent absence of future energy policy or strategy.  He highlighted developments in technologies, storage, software, apps etc are ever growing at a rapid pace and NICE was not standing still as the Board continued to explore renewable energy technologies and efficiencies advances that may enhance benefits for members or might open a new initiative/project.

NICE1 and NICE2, Project Managers, respectively, Cye Bannon and Karen Arbuckle, presented summarised generation information for all NICE pv array stations – performance exceeding the forecasted models.   NICE PV array hosts saved on their energy costs whilst also reducing their carbon footprint and all the 2018 resolutions were carried by the members at the AGM, this means the accounts were agreed as well as the payment of 4% interest on shares to both NICE 1 and NICE2 members.  In addition NICE1 and NICE2, Treasurers, Cye Bannon and Pat McCarney  confirmed an ability to offer some repayment of members capital invesstment and announced the funds allocation for the two Share BuyBack Schemes this year.  WIN WIN!

The Shares Buy Back Schemes are now officially open.  Members interested in this scheme simply need to complete the relevant application form(s)  NICE1 and NICE2. The closing date for applications to Shares buy Back Schemes is 30th November 2018.  We hope to be able to process all payments due before the end of the year.

If any member needs to ask any question about the scheme or own shareholding, please do not hesitate to contact us on shares@nicommunity.org.

We are delighted to confirm both Andrew McMurray and Pat McCarney were re-elected to NICE Management Board.

We have scope to increase membership of the Board.  We would be delighted to hear from any member interested in becoming more involved in the running of our community energy benefit society.  Should you be interested please do not hesitate to contact any of our NICE Directors, NICE Secretary or via email.