The Shares available for purchase are Ordinary ‘A’ Shares. Shares issued as part of the Offer will rank pari passu (i.e. equally) with the existing Shares of the Club.

The Shares will be held through a Tifosy nominee company. This is a common way for investors to hold shares, used by companies of all sizes, which greatly eases the administrative burden for both you as shareholder and the Club. All economic and voting rights sit with you, but the Club will have only one legal shareholder. You can then engage with the Club directly through the Tifosy platform. Importantly, by monitoring the Club’s compliance with the terms of the Offer Document, Tifosy can help ensure that all your shareholder rights are protected.

The Club is aiming to raise £1,200,000 by the issue of the Stevenage FC Shares.

The Club may issue up to £1,200,000 of Stevenage FC Shares, representing 12% of the Club’s share capital post-offer. The Club reserves the absolute discretion as to whether to accept your Application for Stevenage FC Shares in whole or in part (in multiples of £1,000 subject to a minimum amount of £1,000 per Application). Applications will be reviewed on a first-come-first-served basis. Therefore, the Club may accept your Application in whole or in part only of the amount of Stevenage FC Shares applied for in your Application (in which case the balance of the amount paid by you in respect of the Stevenage FC Shares which were not issued to you would be repaid to you).

Anyone who satisfies the conditions of the Application and completes the Appropriateness Questionnaire can apply to invest in Stevenage FC Shares.

The minimum amount of Stevenage FC Shares for which you can apply is 40 Shares, for an investment of £1,000. You can apply for as many Stevenage FC Shares as you wish, in increments of 40 shares or £1,000.

No, unfortunately you will not be able to pay for your Stevenage FC Shares in instalments, nor can they be topped up. All Applications must be accompanied by an online card payment, bank transfer or cheque for the full amount of Stevenage FC Shares applied for. Applications that are not accompanied by payment for the full amount of Stevenage FC Shares applied for will be considered incomplete and will not be accepted by the Club.

Yes, provided you do so within 14 days of your completed Application being made. If you notify Tifosy by emailing stevenagefc@tifosy.com before then, Tifosy will liaise with the Club and arrange for the cancellation of your Application and for your investment to be refunded. After 14 days, your Application will be irrevocable and will not be capable of being terminated or rescinded by you.

The Stevenage FC Shares do not yield a fixed return. While not guaranteed, it is expected that the potential selling price of your Shares could increase based on the sporting and financial performance of the Club. The Club will also pay Dividends to Shareholders, equal to a fixed percentage of their initial investment, on the condition of the Club’s promotion above EFL League Two. The declaration and payment of dividends on the Shares will depend on the success of the Club’s first team. This means that if you invest, it is possible that you not will see any return from the Shares for a number of years or at all.

No. The value of the Shares and potential price at which Shares can be sold will depend on the sporting and financial performance of the Club. A material decline in the success of the Club’s first team, particularly in consecutive seasons, or relegation from the EFL League Two would have a material adverse effect on the Club’s financial performance and the value of the Shares.

Not necessarily. If the Club raises additional capital at a later date and you do not reinvest, the percentage of the Club that you own will decline. Your investment may also be subject to dilution as a result of other actions such as the conversion of shareholder loans.

The Stevenage FC Shares are transferable, but they will not be listed on a premium stock market. Through the Tifosy Exchange, you will have the opportunity to express an interest to buy and sell the Shares during specified trading cycles. The Tifosy Exchange acts as noticeboard, allowing you to express an interest to buy or sell Shares and then agree the final transfer details with the other party. All of your investments can be tracked through your Tifosy portfolio. It is important to note that it may be difficult to find a buyer or seller and you should not assume that you will be able to sell your Shares easily or at the price you paid for them.

In order to take your money out of the investment, you will need to sell your holding of Stevenage FC Shares. As the Shares will not be listed on a premium stock market, it may be difficult to find a buyer or seller and you should not assume that you will be able to sell your Shares easily or at the price you paid for them.

Key rights attached to the Shares include (i) Information Rights, meaning that shareholders will receive a copy of the annual accounts of the Club and be invited to attend an annual CEO Update, at which a review of Club business and strategy will be presented and discussed; (ii) Voting Rights, meaning shareholders will be consulted and be able to vote on certain decisions relating to the Club’s operations and development; (iii) Tag-Along and Drag-Along Rights, which enable or require you to sell your Shares on the same terms as the owner in the event that 50% of the Club is sold; (iv) Pre-emption Rights, meaning you get first refusal on any future share offerings made by the Club; and (v) Promotion Dividends, meaning that as a new investor, you will be paid dividends if certain targets are met by the Club.

The Club will pay a Promotion Dividend equal to 25% of the shareholder’s initial investment upon the Club’s first promotion to EFL League One, and a Promotion Dividend equal to 75% of the shareholder’s initial investment upon the Club’s first promotion to the EFL Championship.

Shareholders will be eligible to receive certain Shareholder Privileges depending on the level of their investment. See the Offer Document for further details.

No. An investment in Stevenage FC Shares is not protected by the Financial Services Compensation Scheme or any other such scheme. All obligations arising out of or in connection with the Shares will be the sole responsibility of the Club. If the Club goes out of business or becomes insolvent, you may lose some or all of your investment in the Shares.

You are strongly recommended to seek the advice of an independent financial advisor. The Shares may not be a suitable investment for everyone. If you choose to invest in the Club, your investment should only be made as part of a well-diversified portfolio. You should also obtain your own tax advice as to the consequences of owning and selling the Shares as well as receiving dividends.

Stevenage FC Shares which are not jointly held would form part of your estate and title to them would initially be held by your executors or administrators of your estate. Your executors or administrators would hold the Stevenage FC Shares until transferring the title of the relevant Stevenage FC Shares to the intended beneficiary by sending to us an executed transfer in a form reasonably acceptable to us.

To make an Application please go to www.tifosy.com/stevenagefc. Please note that you will need to complete a short Appropriateness Questionnaire. This is a requirement of the Financial Conduct Authority’s rules to ensure that you understand the nature of the investment you wish to make. The Appropriateness Questionnaire can be accessed online by going to www.tifosy.com/stevenagefc and clicking ‘Invest Now’. Subject to supplying answers that are satisfactory to the Club and Tifosy, you will then be able to submit your Application and make a payment by debit card, bank transfer or cheque in respect of the full amount of Stevenage FC Shares applied for.