Bond FAQs
How many of The Jockey Club Racecourse Bonds can I apply for?
The minimum amount of Bonds for which you can apply is £2,000. You can apply for as many Bonds as you
wish, in increments of £500, up to a maximum of £100,000 per applicant.
What amount is being raised?
The Company is looking to raise approximately £15million.
Who can invest in The Jockey Club Racecourse Bonds?
Individuals who are over 18 and reside in the UK or the Republic of Ireland, or are a trust or company which is
a resident in the UK or the Republic of Ireland and/or which is not prevented by the laws of its governing
jurisdiction from applying for or holding The Jockey Club Racecourse Bonds.
Are The Jockey Club Racecourse Bonds suitable for SIPPs and ISAs?
Individual investors should be aware that The Jockey Club Racecourse Bonds are suitable for Self Invested
Personal Pension (SIPP) Schemes, but not for Individual Saving Accounts (ISAs).
Can I pay by instalments or top up on my holding of The Jockey Club Racecourse Bonds?
You will not be able to pay for The Jockey Club Racecourse Bonds in instalments, nor can they be topped up.
We are offering The Jockey Club Racecourse Bonds on a first-come, first-served basis.
All paper Application Forms must be accompanied by a cheque and all online Applications accompanied by an
online payment for the full amount of The Jockey Club Racecourse Bonds applied for.
We are unable to accept applications that are not accompanied by payment for the full amount of The Jockey
Club Racecourse Bonds applied for.
Can I change my mind?
Yes, provided you do so within 14 days of your completed Application Form being received or being made
online. If you contact us in writing before then, we will refund your online payment or your cheque. If you wish
to cancel your Application, you should write to us at The Jockey Club Racecourse Bond Offer, Capita Registrars,
Corporate Actions, The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU. After this date, your
Application will be irrevocable and will not be capable of being terminated or rescinded by you.
What return do I receive on my investment and is the interest rate fixed?
The Jockey Club Racecourse Bonds will yield a fixed return of 7.75% gross per annum on your initial
investment. Interest is payable in quarterly instalments of 4.75% gross interest per annum in cash as well as a
3% gross per annum payment in the form of Rewards4Racing Points.
This means for a UK basic rate tax payer, if you invest in £5,000 of The Jockey Club Racecourse Bonds, the
aggregate interest and Rewards4Racing Points you receive, net, over the five year initial fixed-term of The
Jockey Club Racecourse Bonds, will be £1,550. Interest and Rewards4Racing Points will be paid net of tax.
Please see the website www.racecoursebond.com for further details.
What are the benefits of receiving Rewards4Racing Points?
The Rewards4Racing Points earned through The Jockey Club Racecourse Bond may be used to purchase in full
or gain a discount against any online purchase through The Jockey Club’s racecourse websites including tickets,
restaurant packages, hospitality packages and racecards. For more information on the Rewards4Racing
Bondholder programme, www.rewards4racing.com
May I waive my right to receive interest in Rewards4Racing Points?
Bondholders have the option, on making an application for The Jockey Club Racecourse Bonds, to waive their
right to receive interest in Rewards4Racing Points. A Bondholder who chooses to make such a waiver (“a
“Waiving Bondholder”) will receive 4.75% gross interest per annum in cash only. Waiving Bondholders will not
receive any additional interest in cash or Rewards4Racing Points per annum. As an example, a Waiving
Bondholder who invests £5,000 in purchasing The Jockey Club Racecourse Bonds and is liable to have Basic
Rate Tax deducted at source should expect to receive the following return per annum:
Cash Interest
Gross interest
Tax withheld
Net received
£237.50
£47.50
£190.00
£237.50
950.00
Grand total at the end £1,187.50
of five years
Are The Jockey Club Racecourse Bonds transferable?
No, The Jockey Club Racecourse Bonds are not transferable and they cannot be sold or traded. The interest
coupon and redemption payment are payable to the original Bondholder.
How do I get my money out?
If you so choose, upon nine months’ notice being given by you, the Company will repay The Jockey Club
Racecourse Bonds held by you in full after the initial term of five years. In order to redeem The Jockey Club
Racecourse Bonds, simply complete the notice of redemption on the reverse of your Bond certificate and
return it to the address printed on the certificate at least nine months prior to the redemption date (being the
end of the five-year initial term or a subsequent anniversary of the issue of The Jockey Club Racecourse
Bonds). Until a completed notice of redemption is received, your holding of The Jockey Club Racecourse Bonds
will automatically continue and be capable of redemption by returning your notice of redemption at least nine
months prior to the anniversary of the issue of The Jockey Club Racecourse Bonds. The Company may, at its
option, repay all or part of The Jockey Club Racecourse Bonds at any time.
Can I withdraw my money before the end of the initial five-year term?
No, The Jockey Club Racecourse Bonds are issued for an initial five-year term and are non-transferable. The
Company may, at its option, repay all or part of The Jockey Club Racecourse Bonds at any time.
What happens if The Jockey Club Bond Offer is oversubscribed?
The offer of The Jockey Club Racecourse Bonds is limited and available on a first-come, first-served basis. The
Company reserves the absolute discretion as to whether to accept your application for The Jockey Club
Racecourse Bonds in whole or in part (in multiples of £500 subject to a minimum amount of £2,000 and up to a
maximum of £100,000). Therefore, the Company may accept your application in whole or in respect of part
only of the nominal amount of The Jockey Club Racecourse Bonds applied for in your application (in which case
the balance of the amount paid by you in respect of The Jockey Club Racecourse Bonds which were not issued
to you would be repaid to you).
Do I need to discuss The Jockey Club Racecourse Bond Offer with a financial adviser?
We recommend that you do seek the advice of an independent financial adviser.
What happens if I die while I hold The Jockey Club Racecourse Bonds?
Under these circumstances, The Jockey Club Racecourse Bonds would form part of your estate and title to
them would be held by the executors or administrators of your estate. Your executors or administrators would
hold The Jockey Club Racecourse Bonds until their redemption or, if the Company agreed in writing, The
Jockey Club Racecourse Bonds may be redeemed and the cash value would become part of your estate. If
applicable, the redemption process may take some time depending on the specific circumstances around your
estate.
Does holding The Jockey Club Racecourse Bonds mean that I have shares in the Company, Jockey Club
Racecourses Limited or Jockey Club Racecourses (Holdings) Limited?
No, The Jockey Club Racecourse Bonds are not convertible into shares and Bondholders will not have any
ownership interest in the Issuer, the Guarantors or any member of the Group. The Bond is a loan for a fixed
period, paying a fixed rate of interest.
Can I receive a paper version of the Application Form?
If you wish to receive a paper version of the Application Form, please contact Capita Registrars Limited on
0871 664 9051 from within the UK or +44 208 639 3399 if calling from outside the UK, between the hours of
9.00am to 5.30pm (UK time) Monday to Friday. Calls to the 0871 664 9051 number cost 10 pence per minute
(including VAT) plus your service provider’s network extras. Calls to the helpline from outside the UK will be
charged at applicable international rates. Different charges may apply to calls from mobile telephones and
calls may be recorded and randomly monitored for security and training purposes. For legal reasons, Capita
Registrars Limited will only be able to provide information contained in this Invitation and will be unable to
advise on the merits of the Invitation or as to whether you should make an Application or to provide any
financial, legal, tax or investment advice.