WeShop Holdings is registering up to 12,500,000 WePoints under its Shareback Plan, allowing users to potentially redeem rewards for Class A ordinary shares held by the WeShop Community Trust. The points carry no voting, Dividend or interest rights, and WeShop will receive no cash proceeds from issuance or redemption.

Key Highlights

  • WeShop’s referral programme offered users a 1% Bonus based on spending by referred users during their first five years.
  • The platform drove over £100m of sales during its Pilot and approximately £5 million since then.
  • A £1,000 referred-user purchase example at a £5 share price produced two shares worth £10 for the referrer.

WeShop Holdings Ltd (NASDAQ: WSHP) is offering users a route to eventual Class A ordinary-share ownership through up to 12,500,000 WePoints under its Shareback Plan. The rewards are linked to purchases made on the platform or referrals that generate purchases, while the points themselves do not provide Equity rights.

Shareback Plan Covers 12,500,000 WePoints

WePoints are initially held by the WeShop Community Trust and may be redeemed for Class A ordinary shares after a Waiting Period and other conditions. The points are non-transferable except in limited legal circumstances, carry no voting or dividend rights, bear no interest and do not constitute an ownership interest in WeShop. They are not represented by certificates or other instruments. WeShop will receive no cash proceeds from either issuing the WePoints or redeeming them. The plan gives users rewards for purchases and referrals through the platform. In one example, a referrer whose friend spends £1,000, with WeShop shares priced at £5, would receive two shares worth £10. WeShop says its platform generated over £100m in sales during its Pilot and approximately £5 million afterward, as its focus shifted toward listing in the U.S. The company also describes a referral bonus of 1% of spending by referred users during their first five years, with shares calculated using a fixed price determined by the board.