Thursday, 21 March 2024 13:00 PM GMT
Centre Court 2026–2030 Debenture Issue

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.

Don't invest unless you are prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. 

Take two minutes to learn more - click here.

The All England Lawn Tennis Ground plc, owner of the tennis courts, Grounds and buildings at which The Championships, Wimbledon is held, today announces the issue of 2,520 Centre Court debentures in relation to the five Championships from 2026 to 2030 inclusive.

The total price is £116,000 per debenture, comprising nominal value, premium and VAT as set out below. Applications will close at 12pm on Friday 26 April 2024.

Further information on the debentures and the application process, along with the prospectus which is available to download (subject to applicable securities laws), can be found at www.wimbledon.com/debentures.

Don't invest unless you are prepared to lose all the money you invest. This is a  high-risk investment  and you are unlikely to be protected if something goes wrong. 

Take two minutes to learn more - click here.

Debenture holder benefits
Subject to the terms and conditions of the debentures, each registered holder of the Centre Court 2026-2030 issue will enjoy:
• One reserved Centre Court seat without further payment, for each of the 14 days on which play is scheduled to take place.
• Entrance to the exclusive Centre Court debenture facilities reserved for use by debenture ticket holders (comprising private restaurant and bar facilities), in addition to access to The Bingley restaurant, which is reserved solely for the use of debenture holders.
• Debenture tickets are the only Wimbledon tickets which are freely transferable, meaning debenture holders may give away or sell their tickets on days they cannot attend, or sell their entire debenture.

Use of proceeds
Debentures are the main source from which The All England Lawn Tennis Ground plc derives its funds to meet capital expenditure and invest in improving the facilities. This debenture issue is being undertaken to help finance the continuing development, improvement and refurbishment works of the facilities at the Grounds and the wider Wimbledon estate and to repay borrowings.

The very first debenture issue helped fund the purchase of the Church Road Grounds and construction of Centre Court in 1922. Subsequent issues over the last 100 years have funded significant improvements and upgrades, including most recently the construction of the Media Pavilion which features a state-of-the-art Media Theatre and interview facilities for players; the AELTC Indoor Tennis Centre on Somerset Road; retractable roofs for Centre Court (2009) and No.1 Court (2019); and the modernisation of facilities for players and guests at the main site, and the Community Tennis Centre at Raynes Park.

Applications are invited for debentures at £116,000 each, payable as follows:

 Instalment  Date Payable Nominal Value  Premium  VAT  Total
    £ £ £ £
First  17 May 2024 2,000 22,500 4,500 29,000
Second  28 February 2025  - 36,250 7,250 43,500
Third  27 February 2026  - 36,250 7,250 43,500
    2,000 95,000 19,000 116,000

 

 

 

 

 

VAT has been calculated on the premium at the rate currently in force, being 20%. If the rate of VAT changes after the date of the prospectus, the total price payable for a debenture will change accordingly.

Expected timetable of principal events:
• Date of receipt of Applications: by 26 April 2024
• Emails confirming allocations despatched: from 3 May to 17 May 2024
• Invoices sent to successful applicants in respect of first instalment: from 8 May 2024
• Date for receipt of first instalment: 17 May 2024
• Date of issue of Debentures and despatch of Debenture Certificates: 14 June 2024
• Date for receipt of second instalment: 28 February 2025
• Date for receipt of third instalment: 27 February 2026
• Repayment of nominal value: 2 August 2030

Important Notice:

This financial promotion was approved by Rothschild & Co (FRN: 124451) on 21 March 2024.

This is an advertisement not a prospectus. A prospectus has been published by The All England Lawn Tennis Ground plc (the “Company”) in connection with The Centre Court Debenture Issue 2026-2030 and is available for download at www.wimbledon.com/debentures. Persons who intend to purchase debentures referred to in this advertisement are recommended to read the prospectus before making any investment decision and should not purchase any debentures, except on the basis of the information contained in the prospectus. The contents of this advertisement, which constitute a financial promotion for the purposes of the Financial Services and Markets Act 2000 (“FSMA”) and which have been prepared by and are the sole responsibility of the Company, have been approved by N M Rothschild & Sons Limited (“Rothschild & Co”) solely for the purposes of section 21(2)(b) of FSMA.

This is not for release, publication or distribution, in whole or part, directly or indirectly, in or into the United States of America. This is for information purposes only and is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.