Works are underway to construct and develop a new stadium at the Plough Lane site, but additional funding is required to advance the project further. If you are an existing Bondholder and have a query regarding your Bonds, you can contact our Admin team by email at bondadmin@thedonstrust.org. Close Search the site. Joe Palmer, Chief Executive, said in a club statement: Naturally, many of you want to know what is happening with the 3.2 RISK FACTORS. site, with the pitch continuing to be laid, the roof is on (apart In the event that a Bondholder requests payment (by way of interest or repaid principal) to a non-GBP or non-UK bank account, payment will be made after deduction of all applicable bank charges and shall be subject to exchange rate conversion. 7.4 Interest shall accrue in respect of any outstanding Deferred Interest Amount and Deferred Principal at the Interest Rate until such monies are paid in full. Whilst site redevelopment plans were negotiated, the stadium remained derelict for several … On-Loan Agreement means the loan agreement pursuant to which the Trust makes the On-Loan to a Group Company for the purposes of the Stadium Development. The Trust is not bound to register joint holders of a Bond. Scheduled Redemption Date means the date provisionally scheduled for the redemption of a Bonds (meaning the date on which the loan will be repaid to the Bondholder), as set out on the Certificate. Plough Lane was a football stadium in Wimbledon, south west London. But fate of the project remains uncertain. The giving of notice in accordance with this Condition 14.6 is sufficient notice to all other persons interested in the Bond. Plough Lane was a football stadium in Wimbledon, south west London.For nearly eighty years it was the home ground of Wimbledon Football Club, from September 1912 until May 1991, when the club moved their first team home matches to Selhurst Park as part of a groundshare agreement with Crystal Palace.Both clubs' reserve teams then used Plough Lane as their home ground until 1998, when the … Subject to Condition 14, you may not transfer your rights or your obligations under the Bonds. later this year. If redemption is of part of the Bond, the Trust shall without charge issue a new Certificate representing the principal amount of the Bond which is to continue outstanding and any Certificate redeemed in part shall be cancelled. Secondly, our constructors, the Where any Certificate has been issued in hard copy the Trust may, as a condition of redemption, require the Bondholder to return to the original Certificate to the Trust. 4.5 If, for any reason, we do not receive in cleared funds the full amount of the loan set out in your Application (for example, if bank charges are deducted, or due to discrepancies arising due to exchange rate conversions), we will hold the monies that you have paid and contact you to recover the balance. Firstly, the guidelines for social distancing in the workplace, AFC Wimbledon will begin the 2020-21 season by groundsharing at QPR until their new stadium at Plough Lane is completed. The Plough Lane Bond is offered and administrated by the Dons Trust. The On-Loan Agreement sets out the basis upon which the Trust makes the On-Loan to a Group Company to enable the Group Company to advance the Stadium Development. Good progress continues to be made at the Plough Lane stadium 9.5 The Trust shall cancel a Bond redeemed or purchased by the Trust and may not reissue or resell that Bond. 10 Procedure on Redemption and Unclaimed Moneys. We would have been due to play our final match of the EFL season this weekend, but the Coronavirus crisis put all football on hold. 14.5 A person who becomes entitled to a Bond by transmission is bound by a notice in respect of the Bond which, before his or her name is entered in the Register, has been properly served on a person from whom he derives his or her title (as set out in Condition 3.4). No other person shall have any rights to enforce any of its terms, except as explained in Condition 14 if a Bondholder dies. Starting today you can see construction photos from the Plough Lane project in Merton, London. 3.4 How we may contact you. THIS MAY IN TURN IMPACT THE TRUST’S ABILITY TO MAKE INTEREST PAYMENTS (IN WHOLE OR IN PART) TO BONDHOLDERS OR TO REDEEM BONDS UNDER THESE CONDITIONS. 7.3 Interest on the Bonds shall be payable annually in arrears, subject to there being Funds Available to make payment, as set out below: 7.3.1 If on the Interest Payment Date there are Funds Available, interest on the Bonds shall be paid on the Interest Payment Date in respect of the Interest Period ending on the date immediately before the Interest Payment Date; 7.3.2 If on the Interest Payment Date there are no Funds Available or if the Funds Available are not sufficient, the payment of all or part of the interest shall be deferred (the “Deferred Interest Amount”) until the following Interest Payment Date or (if earlier) the date on which the Bonds are redeemed in accordance Condition 9. being laid, the roof is on and the ground floor has been cladded. Our 6.2 In the event that a Group Company has not signed a contract for the construction and development of a stadium at Plough Lane by 1st July 2020, the On-Loan Agreement shall not be concluded and the Bonds shall be redeemed. The club anticipates playing its first match at the stadium on 3 November 2020. A date has been set for AFC Wimbledon’s first game in its brand new stadium. 8.3 In cases where an exemption does not apply, payments of interest on the Bonds will generally be subject to withholding or deduction on account of United Kingdom Tax, subject to the availability of any domestic law exemption or any relief under the provisions of any applicable double tax treaty. If you are paying from an international account, we may contact you for further banking details. with the social distancing guidelines wherever possible. Search text. If that notice is not complied with within 60 days the Board may withhold payment of principal moneys, interest and all other amounts payable in respect of the Bond until notice of election has been made. But coronavirus restrictions mean that fans won’t be present for the long-awaited return home. 10.2 If the Trust is unable to make payment in accordance with Condition 7 or Condition 9 by reason of the Bondholders actions or omission (including, without limitation, failure to provide complete or correct account details or payment information): 10.2.1 the Trust shall pay all amounts payable in respect of the Bond into a separate interest-bearing bank account (in such circumstances interest shall accrue at the rate available to the Trust in the relevant bank account); 10.2.2 the payment of an amount into a bank account shall constitute the Trust as a trustee in respect of such amount and the Trust shall inform the Bondholder concerned of the details of the bank account into which such payment has been made; 10.2.3 the Trust shall comply with any reasonable request for the transfer of monies from the account to the Bondholders; and. 8.1 The comments below are of a general nature and are based on current United Kingdom law and published HM Revenue & Customs practice. Once your application has been accepted and your payment received, your purchase is confirmed and we will then send out a certificate in respect of the Bonds that have been issued to you. 02.12.2019 New construction: Wimbledon added at a tough moment. shall be calculated from that date (the “Bond Commencement Date”). 8.2 There are a number of exemptions which may apply to allow any interest on the Bonds to be paid without withholding or deduction on account of United Kingdom Tax, including (but not limited to) where interest on the Bonds is paid by: 8.2.1 the Trust and, at the time the payment is made, the Trust reasonably believes that the Bondholder is within the charge to United Kingdom corporation tax as regards that interest, provided that HM Revenue & Customs has not given a direction that the interest should be paid subject to deduction of Tax; or. Plough Lane, Wimbledon, is the exciting new stadium development that will provide a significant community and business hub, reatil and commercial space, and conference and private function facilities. 8.4 Where a payment of interest is made without withholding or deduction on account of United Kingdom Tax, a Bondholder may be subject to income tax or corporation tax (as appropriate) on such payment. Deferred Principal has the meaning set out in Condition 9.2.2. Bondholder means a person for the time being entered in the Register as the holder of a Bond. If he elects to have another person registered, he shall execute an instrument of transfer of the Bond to that person. Bonds can be bought either for you or as a gift for someone else. You can achieve a financial return while helping AFC Wimbledon and the Dons Trust complete the final step to … Bonds means the unsecured bonds issued in accordance with these Conditions and a reference to a “Bond” is a reference to any one of the issued Bonds. 14.4 Where a person becomes entitled by transmission to a Bond, the rights of the Bondholder in relation to the Bond cease. If these charges have the effect of significantly diminishing the interest payments that you receive, please contact us to discuss whether there are alternative methods by which these payments can be made. You can achieve a financial return while helping AFC Wimbledon and the Dons Trust complete the final step to … But fate of the project remains uncertain. 4.2.4 Whether you wish to have an option for your Bonds to be redeemed early in the event that the Trust no longer has a controlling interest in AFCW PLC (please see Condition 9.6 for the further details). 11.2 The Trust is not responsible for amounts lost or delayed in the course of payment as a consequence of the Trust complying with the Bondholder’s instructions, as a result of the Trust agreeing to make payment otherwise than by electronic bank transfer, or as a result of the Bondholder failing to provide correct bank account, address, or payment information. 7.1 Until a Bond is redeemed in accordance with Condition 9, and unless the principal sum has been repaid to the Bondholder pursuant to Condition 6.2 (in which case no interest shall be payable), the Trust shall pay to the Bondholder interest (after any deduction or withholding of any Tax which it is required to make) in accordance with this Condition 7. These terms are governed by English law and you can bring legal proceedings in respect of the products in the English courts. We look forward to completing the project soon and hope that we Each of Conditions operates separately. Interest Period means each period of 12 consecutive months commencing on the Bond Commencement Date, and each subsequent anniversary of the Bond Commencement Date during the term of the Bonds. We’d like to advise all fans who are interested in pre-ordering our BTPL Commemorative Special Matchday Magazine who are also looking to buy other items online to pre-order your programme separately... With the club’s return to Plough Lane growing ever closer, we wanted to give you as fans something special to commemorate what will be a momentous evening for all involved with Wimbledon. The Trust is now putting together the final pieces of funding and we need your help. 9.6 If a Bondholder has reserved a right to do so in its Application, a Bondholder may require the Trust to redeem its Bond in the event that it no longer has a controlling interest in AFCW PLC. 3.3 How to contact us. BEFORE APPLYING FOR BONDS, YOU WILL BE PROVIDED WITH CERTAIN INFORMATION (THE RISK FACTORS) ON OUR WEBSITE AND WILL BE REQUIRED TO CONFIRM THAT YOU UNDERSTAND AND ACCEPT THE RISKS ASSOCIATED WITH APPLYING FOR BONDS.

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