January redemptions
On the 31st January, the first of the 2020 Plough Lane Bonds (essential in the funding of our stadium) became due to be repaid.
As ever our members and bondholders have shown phenomenal generosity. The Dons Trust contacted all the relevant bondholders and gave people a range of options for their bonds. £585,000 of bonds were due to be repaid, and the options taken broke down like this:
£14,250 was donated directly to the Club
£11,750 donated to the Dons Trust
£30,500 swapped for shares in AFCW PLC
£280,500 rolled over into new 5- or 10-year bonds
£246,000 were repaid.
Thank you once again to everyone involved. Bondholders should have received statements confirming their choices and new bond certificates where relevant.
February redemptions
The next key date will be 28 February 2025 when the bulk of the 5-year 2020 bonds are due to be repaid.
Of the £2,337,081 due back to bondholders:
£44,051 will be donated to the Club
£13,000 donated to the Dons Trust
£69,500 swapped for shares in AFCW PLC
£1,166,989 rolled over into new 5- or 10-year bonds.
£1,036,313 will be repaid on 28 February 2025.
These numbers are astonishing as ever, and it’s a real testament to the hard work of Club staff, volunteers, members, and fans that by 30 June 2025 we will have been able to reduce our total bond debt by over £1.6M.
The new total value of our Plough Lane Bond debt on 30 June 2025 will stand at approximately £8m, with the next significant tranche (roughly £3m) due in 2027.
Again, thank you to everyone involved, when we come together we can achieve the improbable.