FAQ

What is the price of shares, and is there a minimum purchase amount?

The share price is 100 DDK per share. The minimum purchase amount is 50 shares, so the minimum total purchase cost is 5,000 DKK (675 EUR)


Why is it necessary to register and upload your ID before being able to buy shares?

This is a legal requirement for anti money laundering purposes. We're sorry for this extra fuzz, but there is unfortunately no way around it.


Is it only possible to buy shares in the company using crypto currencies?

No. You can buy shares using regular currencies (EUR, USD and DKK) via bank transfer or crypto currencies (Bitcoin and Ethereum). The share register will be crated in www.digishares.io, once the public offering ends (on 31. July at the latest).


What is an STO?

A security token offering (STO) is a type of public offering of shares in which the company shares are tokenized as digital securities (security tokens) so that they can later be traded, e.g. on cryptocurrency exchanges. In our case, the tokens represent real financial assets, and we use a blockchain virtual ledger system (provided by www.igishares.io) to store and validate token transactions. The system also functions as the digital shareholder register.


When will Faer Isles products be available for purchase?

We plan to sell Faer Isles Gin on the market late summer 2021. Due to maturation, Faer Isles Whisky is not expected to be available until Q4 2024


What types of spirits will Faer Isles Distillery produce?

Initially, gin and single malt whisky. But who knows what the future will bring. The Faroe Isles is rich with natural ingredients.


Will it be possible to purchase Faer Isles products outside of Europe, Asia, and the Americas?

Yes, we hope to overcome the current obstacles to allow purchase on our website from all over the world. Faer Isles products will also later be sold via local shops and website in other countries.


What does the name mean?

"Faer Isles" was the name used in the first written account by Irish monks of these remote islands. It means "sheep islands" and later transformed into the spelling used today, the Faroe Islands.


As a member of the Founders' Club, when will I get my reward package?

Since the whisky needs to mature for 3 years, the reward package will be sent in two. First, you will receive the gin and new make whisky in Q3 2021. We expect to send the 1. ed. whisky in Q4 2024.


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