Prospectus

                  for the sale of Shares in

Jack Goldstraw Ltd

2000 Shares

 

 

Of which:           1100 will be issued as Voting Company Shares

 

And:                 900 will be issued as Non-Voting Sponsorship Shares

 

Of which:           300 only will be issued as 2 year Performance Dividend Non-Voting Shares as follows:

 

                        150 will be available to Foundation Shareholders at £600 per share per year and a further 150 will be released as a Performance Dividend, on a one for one basis, should Jack Goldstraw:

 

1.       Finish in the top six of the Formula BMW Championship

or

2.       Finish in the top three of the Rookie Cup

or

3.       Achieve six podium places in any BARC Formula series.

 

And:                 600 ordinary Non-Voting Shares will be held in reserve for future issue.

                        These will be used to fund any increase in expenses in year 2 or moves into Formula Renault, Formula 3 or similar developments.

                        These shares will only be issued in blocks of 150 and will only be available outside the Foundation Shareholdings after the said Shareholders have had the opportunity, on a first refusal basis, to preserve the percentage of their shareholding.

 

Benefits on success

 

·         Foundation Shareholders will retain, at  present issue, a 15% ongoing stake in Jack Goldstraw Ltd. These shares and any future issues will carry identical dividend rights to Voting Company Shares and will be saleable and transferable.

 

·         On completion of the series, Jack Goldstraw Ltd will continue as the promoting company of Jack Goldstraw and will follow on to any further series or formulas.

 

Additional benefits

 

• Advertising opportunities on race overalls, helmet and car.

 

• BMW hospitality and race meeting tickets available.

 

• Foundation sponsors included on all letterheads in press and company correspondence for the life of the company.

 

 

This proposal is subject to final ratification taking Company and Common Law of Great Britain into account. Full details will be available following the registration of interest and prior to allocation.