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Western Plains Energy, LLC


Trading Status: Active
Web Site: www.wpellc.com
SEC Filing(s): Yes
View Operations Manual
Western Plains Energy, LLC Logo
Current Postings for WPE LLC (Class A)
Match History for WPE LLC (Class A)
Current Postings for WPE LLC (Class B)
Match History for WPE LLC (Class B)
Current Postings for WPE LLC (Class C)
Match History for WPE LLC (Class C)
Current Postings for WPE LLC (Class E)
Match History for WPE LLC (Class E)

Western Plains Energy, L.L.C. (WPE) is a Kansas limited liability company formed on July 10, 2001 to build and operate an ethanol production facility in Gove County, Kansas.  WPE was organized by a group of local individuals to promote economic development in northwest Kansas. The initial construction of the plant commenced in April of 2003 and was completed by early January 2004.

Production started in the middle of January 2004, producing fuel grade ethanol as well as distiller’s dry and wet grains. The feedstock of corn and milo is procured from local farmers, of which some are members, and local commercial grain elevators.

The plant was designed and built by ICM of Colwich, Kansas with Fagen as a major subcontractor. The original plant was a 30,000,000 gallon faceplate design which was increased to 40,000,000 gallons as part of an expansion in 2005.  As of September 30, 2011, WPE was producing at the rate of approximately 50,000,000 gallons of denatured ethanol annually. POET Ethanol Products markets all of WPE’s ethanol and United Bio Energy Ingredients markets the distiller’s grain.
 
WPE effected a reclassification of its outstanding membership units on August 22, 2011 under which (i) the Class A units held by holders of record with less than 30 but greater than 14 Class A  units were reclassified into newly created Class  E units on the basis of one Class E unit for each Class A unit held prior to the reclassification; (ii) the Class B units held by holders of record with less than 30 but greater than 14 Class B units were reclassified into Class E units on the basis of one Class E unit for each Class B unit held prior to the reclassification; (iii) Class A units held by holders of record with less than 14 Class A units were reclassified into Class C units on the basis of one Class C unit for each Class A unit held prior to the reclassification; and (iv) Class B units held by holders of record with less than 14 Class B units were reclassified into Class C units on the basis of one Class C unit for each Class A unit held prior to the reclassification.  As a result of this reclassification, WPE has filed to suspend its reporting obligations with the Securities and Exchange Commission.  As of September 1, 2011, there were 8,528 Class A units, 11,809 Class B units, 935 Class C units, and 7,148 Class E units outstanding.

Holders of Class A units may cast one vote per member on matters described under voting rights for Class A members and may vote to elect or remove four managers.

Holders of Class B units may cast one vote per unit held on matters described under voting rights for Class B members and may vote to elect or remove three managers.

Class C holders may cast one vote per unit held on limited matters as described under voting rights for Class C members.

Class E holders may cast one vote per member on matters described under voting rights for Class E members and may vote to elect or remove two managers.

Class A units and Class B units must be transferred in minimum increments of 30 units.

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Matching Occurs Daily @ 5:00:00 PM Central Time
WPE LLC (Class A)
Share Type: Capital Unit View Sample Buyer's Contract
Share Class: Class A View Sample Seller's Contract
View Match History

  • Minimum Ownership: 30 Capital Units
  • Minimum Sale: 30 Capital Unit (No fractional Units may be sold)
  • Incremental Sale: 30 Capital Unit
  • Any purchase of less than 30 Capital Units at one time will be reclasified by th Board of Directors to the appropriate Buyer class when approved.
  • The Seller will be required to pay Variable Investment Advisors, Inc. a fee of two percent (2%) of the gross sales price or a minimum fee per transaction of one hundred ($100.00) dollars, to be paid out of the Sellers proceeds at the time of closing.
  • Ownership Effective Transfer Time Frames
    • January, February and March Matches effective no sooner than April 1st
    • April, May and June Matches effective no sooner that July 1st
    • July, August and September Matches effective no sooner than October 1st
    • October, November and December Matches effective no sooner than January 1st
  • Matches cannot transfer to new owner prior to 45 days after Offer to Sell was posted
  • Holders of Class A Capital Units are entitled to one vote per holder and may elect 4 members to the Board of Managers

Offers to Buy Class A

Currently no Offers to Buy
Offers to Sell Class A

Currently no Offers to Sell
WPE LLC (Class B)
Share Type: Capital Unit View Sample Buyer's Contract
Share Class: Class B View Sample Seller's Contract
View Match History

  • Minimum Ownership: 30 Capital Unit
  • Minimum Sale: 30 Capital Units (No fractional Units may be sold)
  • Incremental Sale: 30 or moreCapital Unit
  • Any purchase of less than 30 Capital Units at one time will be reclasified by th Board of Directors to the appropriate Buyer class when approved.
  • The Seller will be required to pay Variable Investment Advisors, Inc. a fee of two percent (2%) of the gross sales price or a minimum fee per transaction of one hundred ($100.00) dollars, to be paid out of the Sellers proceeds at the time of closing.
  • Ownership Effective Transfer Time Frames
    • January, February and March Matches effective no sooner than April 1st
    • April, May and June Matches effective no sooner that July 1st
    • July, August and September Matches effective no sooner than October 1st
    • October, November and December Matches effective no sooner than January 1st
  • Matches cannot transfer to new owner prior to 45 days after Offer to Sell was posted
  • Holders of Class B Capital Units are entitled to one vote per Capital Unit and may elect 3 members to the Board of Managers

Offers to Buy Class B

Currently no Offers to Buy
Offers to Sell Class B

Currently no Offers to Sell
WPE LLC (Class C)
Share Type: Capital Unit View Sample Buyer's Contract
Share Class: Class C View Sample Seller's Contract
View Match History

  • Minimum Sale or Purchase: 1 Capital Unit (No fractional Units may be sold)
  • Incremental Sale or Purchase: 1 Capital Unit
  • The Seller will be required to pay Variable Investment Advisors, Inc. a fee of two percent (2%) of the gross sales price or a minimum fee per transaction of one hundred ($100.00) dollars, to be paid out of the Sellers proceeds at the time of closing.
  • Ownership Effective Transfer Time Frames
    • January, February and March Matches effective no sooner than April 1st
    • April, May and June Matches effective no sooner that July 1st
    • July, August and September Matches effective no sooner than October 1st
    • October, November and December Matches effective no sooner than January 1st
  • Matches cannot transfer to new owner prior to 45 days after Offer to Sell was posted
  • Holders of Class C Capital Units are entitled to one vote per holder.

Offers to Buy Class C

Currently no Offers to Buy
Offers to Sell Class C

Currently no Offers to Sell
WPE LLC (Class E)
Share Type: Capital Unit View Sample Buyer's Contract
Share Class: Class E View Sample Seller's Contract
View Match History

  • Minimum Sale or Purchase: 1 Capital Unit (No fractional Units may be sold)
  • Incremental Sale or Purchase: 1 Capital Unit
  • The Seller will be required to pay Variable Investment Advisors, Inc. a fee of two percent (2%) of the gross sales price or a minimum fee per transaction of one hundred ($100.00) dollars, to be paid out of the Sellers proceeds at the time of closing.
  • Ownership Effective Transfer Time Frames
    • January, February and March Matches effective no sooner than April 1st
    • April, May and June Matches effective no sooner that July 1st
    • July, August and September Matches effective no sooner than October 1st
    • October, November and December Matches effective no sooner than January 1st
  • Matches cannot transfer to new owner prior to 45 days after Offer to Sell was posted
  • Holders of Class E Capital Units are entitled to one vote per holder and may elect 2 members to the Board of Managers

Offers to Buy Class E

# Shares Price/Share Expiration Post Date & Time
1 $2,900.00 12/31/2017 07/27/2017 - 05:48:02 PM
Offers to Sell Class E

# Shares Price/Share Delivery Matchable Transferable Expiration Post Date & Time
1 $2,900.00 No 10/03/2017 N/A 10/04/2017 09/19/2017 - 04:48:17 PM
 
 
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