Forestry investment -- The Premier Irish Forestry Fund

[T McGibney]

"Investors should form a representative group, then track down the directors and demand a meeting.

.... so investors should meet and arrange such things, and possibly put a small "fighting fund" together (to convert expenses), prior to trying to meet the directors.

If regular updates weren't promised, in the original investment prospectus, then there's almost no leverage here.

A significant group of investors might also attempt to force a change in the managers/directors of the fund, if they have good reason."


See the caveat in my post above
"On top of that, most if not all of the forestry funds which were marketed back then did not sell ordinary shares to investors but a class of preference shares that conferred limited or no rights to control or influence the future direction of the investee company."

If this fund followed the same playbook as the others of its ilk, the investors are preference shareholders and are therefore powerless to do anything.

 

[Vj.fly]

If regular updates weren't promised, in the original investment prospectus, then there's almost no leverage here.

This ia a page from the prospectus, I never seen an annual report nor as far as I am aware has the website ever been updated. in fact is it even still live?
As for the environmental assessment

 

[ClubMan]

If regular updates weren't promised, in the original investment prospectus, then there's almost no leverage here.

FYI - how to quote posts properly:

How to reply to or quote a post

To reply to a post, you just start typing in box below the post and then press Post Reply.

www.askaboutmoney.com

 

[Tomoco]

I am joining this thread late in the day, I also invested in this Forestry fund back in 1999, and like many of the people posting here ,I have struggled to get information as this nears maturity.

1. Investors were issued with Preference Shares

2. The Prospectus (I still have it) does clearly state on page 16

" An Annual Report comprising a review of the year, audited accounts , a valuation of the fund and an environmental assessment will be available for inspection by the Shareholders. A regularly updated web site will show the progress of the fund "

I agree that we need to form a shareholder group and protect our investment and am happy to get involved

 

[Vj.fly]

Well thats 2 of us, not sure at this stage if anyone esle if interested?

 

[Tomoco]

Vj.Fly - give me a call on 085 1001394 when suits

 

[Vj.fly]

My solicitor eventually got hold of them, turns out phase 2 was incorporated into Premier Irish Forestry Fund PLC, (no correspondence with anyone!!!) My shares were transferred into that fund, and they issued me a new certificate.

Would it be possible for you to send me a copy of new share cert, I am also an invester in Phase II but never received new cert

 

[Hificork]

I am an investor in Faze 1 and like everyone else got zero response for the past years.
I just got notification that they have submitted: see the below.
Interested as well to join up and see if we get any joy as a group.

Please note that forwarding this email to friends or colleagues will give them access to your SoloCheck account.

Company Name	Document Filed / Status Change	Date
The PREMIER IRISH FORESTRY FUND PUBLIC LIMITED COMPANY	Form B1c - Annual Return General	30-Sep-2025
The PREMIER IRISH FORESTRY FUND PUBLIC LIMITED COMPANY	Financial Statement	30-Sep-2025

 

[athwmm]

This is an interesting and timely thread which I have just come accross. I too invested £1,000 in THE PREMIER IRISH FORESTRY FUND PLC PHASE 2 with a share certificate dated 11/10/20. It is of concern that there has been no updates have been sent out, both phone numbers go to voicemail and their website is down. I note, as above that they have submitted their annual accounts for 2025 as can be seen here:
https://www.solocheck.ie/Irish-Company/The-Premier-Irish-Forestry-Fund-Public-Limited-Company-308249

That may be of some consolation, but having had ongoing problems with another forestry company this situation is of some worry as we approach 2030 when our investments are due to mature.

 

[Dan and Trisha]

Hi all
Just amazed after finding this thread on the Premier Irish Forestry Fund. We invested £1,000 euros in July 1999 and would like to be involved in any future actions to get reimbursed. We too experienced all the same actions on previous messages. We thought at the time it was a genuine investment and trusted these directors/auditors/solicitors. Surely we are entitled to our money back and not for them to get away with their actions. Need to be shamed.