Following the launch of the Stevenage FC Equity Offering, the Club has been asked on several occasions whether it would be possible for North Stand Bondholders to convert their Stevenage Bonds into Club Shares...
Following a Board discussion, the decision has been taken to allow such conversion in order to enable any Bondholder wishing to become a Stevenage FC Shareholder to do so.
This means that Stevenage Bondholders now have the opportunity to convert their Bonds into Shares, allowing them to benefit from the rights and privileges associated with being a Stevenage Shareholder. The full second year interest payment (4% cash or 8% Club Credit) which falls due in September 2019 will still be paid to Bondholders choosing to convert their Bonds.
Chairman Phil Wallace commented, “Some of our Bondholders want to buy shares but feel they can’t while their money is tied up in the Bond. We don’t want this to be a barrier to them becoming Shareholders – they have already shown a real commitment, investing in the new North Stand, so we are very happy to have them as new owners of the Club."
Communication has been sent to all Stevenage Bondholders to inform them of the opportunity to convert their Bonds into Shares. Any questions regarding the conversion opportunity should be sent to firstname.lastname@example.org.
Please note that investment in a security of this nature, being an illiquid investment, involves a substantial degree of risk and returns are not guaranteed. An explanation of the risks and the full terms and conditions is available www.tifosy.com/stevenagefc. Approved as a financial promotion by Tifosy Limited which is authorised and regulated by the Financial Conduct Authority (no. 717605).