GOLFBOX

 

AS EGCC has issued four types of shares: A, B, C and D.  A description of the different share types can be seen below.
AS EGCC has issued 1400 playing rights in total.
A shareholder has a lifelong playing right on the golf courses of AS EGCC.
The playing right can also be rented to another player.
To enjoy the playing right, attached to ownership of a share, the shareholder shall pay an annual golf course maintenance fee (the amount of the fee shall be established annually by the board of the golf club), see the maintenance fee amounts below. The payment of the maintenance fee is not required if the shareholder does not make use of his/her playing right.
If the maintenance fee has been paid, the number of games is unlimited for the current year.

The types of shares of AS EGCC:
A-share or share for a private person
• Playing right for one named person.
• The shareholder is entitled to bring one guest at a 50% discount on the green fee.
• Playing right can be exchanged for 20 green fees per year.

B-share or family share
• Two named playing rights and the right to bring two guests at 50% discount on the green fees.
• Playing right can be exchanged for 40 green fees per year.

C-share or small business share
• Two playing rights for four named users.
• Gives the playing right to two named players a day (if maintenance fees are paid).
• Right to bring two guests at 50% discount on the green fees.
• Playing rights can be exchanged for 40 green fees per year.

D-share or large business share
• Four playing rights for eight named users.
• Gives the playing right to four named players a day (if maintenance fees are paid).
• Right to bring four guests at 50% discount on the green fee.
• Playing rights can be exchanged for 80 green fees per year.

 

Alternative financial investment

This investment may be regarded as a financial investment.
The purchaser of the shares acquires an opportunity to exchange them for single day tickets.
It can be compared with coupons paid in case of bills of exchange or dividends paid in case of shares.
In such case, the shareholder shall pay the annual maintenance fee of the golf course.
At the same time, this investment enables the purchaser to profit if and when the share price increases.
The shares of the golf club are not freely negotiable on the market, although they are freely transferable.
The practice of other golf clubs around the world will suggest that in the course of time the price of shares will increase,
due to the great demand for the shares.

2003    

2004      

2005    

 

2006 

 

2007 

 2008-2010

A-share                    

 5 050 

     6 500    

    7 650  

  9500

10 200 

11 200 

B-share

8 410

11 800

13 000

17 000

17 000

19 200

C-share

11 800

14 400

16 000

19 000

23 800

25 600

D-share

19 800

28 200

32 000

38 000

40 000

51 200

 

If you are interested in AS EGCC shares or playing rights, feel free to contact us:

E-mail: hanno[at]egcc.ee
Tel: +372 511 1192