IMPORTANT NOTICE

The content of this promotion has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000. Reliance on this promotion for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested.

This notice accompanies certain investment or promotional materials (“Material”) either attached to or provided at the same time as the notice.

The Material is exempt from the general restriction (section 21 of FSMA) on the communication of invitations or inducements to engage in investment activity on the grounds that it is only made to or directed at persons falling within the one or more of the exemptions set out in the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (FPO), including, but not limited to:

INVESTMENT PROFESSIONALS (article 19 FPO): persons having professional experience in matters relating to investments as more fully described in article 19 FPO; CERTIFIED HIGH NET WORTH INDIVIDUALS (article 48 FPO): individuals who have signed, within the previous 12 months, a statement confirming, among other things, that they had an annual income to the value of £100,000 or more or net assets to the value of £250,000 or more and accept that they can lose their property and other assets from making investment decisions based on financial promotions; HIGH NET WORTH COMPANIES, UNINCORPORATED ASSOCIATIONS ETC (article 49 FPO): corporate entities, unincorporated associations and trustees of high value trusts each meeting specific criteria as more fully described in article 49 FPO; CERTIFIED SOPHISTICATED INVESTORS (article 50 FPO): individuals with a current certificate, signed by a person authorised under FSMA within the previous 3 years, stating that they are sufficiently knowledgeable to understand the risks associated with investments acknowledging indebtedness of an unlisted company (i.e. unlisted bonds) and who have signed, within the previous 12 months, a statement in the terms specified in article 50(1) (b) FPO; and SELF-CERTIFIED SOPHISTICATED INVESTORS (article 50A FPO): individuals who have signed, within the previous 12 months, a statement confirming that, among other things, they (a) are a member of a network or syndicate of business angels and have been so for at least the last six months, (b) have made more than one investment in an unlisted company in the last two years, (c) are working, or have worked in the last two years, in a professional capacity in the private equity sector or in the provision of finance for small and medium enterprises, or (d) are currently, or have been in the last two years, a director of a company with an annual turnover of at least £1 million, and accept that they can lose their property from making investment decisions based on financial promotions.

Without reliance on the above exemptions, the Material would require approval, for the purposes of section 21 of FSMA, by an authorised person within the meaning of FSMA.

Persons who do not fall within one of the above exemptions (or any other applicable exemption) should not rely on or act upon the Material and will not be permitted to invest in opportunity described in the Material. The Material cannot be made available to such persons.

If you are in any doubt about the action you should take or the contents of this notice or the Material, you should contact your stockbroker, solicitor, accountant, bank manager or other professional adviser authorised under the Financial Services and Markets Act 2000 (FSMA), who specialises in advising on investment in shares and other securities, including unlisted securities.

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STATEMENT FOR CERTIFIED HIGH NET WORTH INDIVIDUAL

I declare that I am a certified high net worth individual for the purposes of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005.

I understand that this means:

(a) I can receive financial promotions that may not have been approved by a person authorised by the Financial Conduct Authority;
(b) the content of such financial promotions may not conform to rules issued by the Financial Conduct Authority;
(c) by signing this statement I may lose significant rights;
(d) I may have no right to complain to either of the following:
(i) the Financial Conduct Authority; or
(ii) the Financial Ombudsman Scheme;
(e) I may have no right to seek compensation from the Financial Services Compensation Scheme.

I am a certified high net worth individual because at least one of the following applies:
(a) I had, during the financial year immediately preceding the date below, an annual income to the value of £100,000 or more;
(b) I held, throughout the financial year immediately preceding the date below, net assets to the value of £250,000 or more. Net assets for these purposes do not include:
(i) the property which is my primary residence or any loan secured on that residence;
(ii) any rights of mine under a qualifying contract of insurance within the meaning of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001; or
(iii) any benefits (in the form of pensions or otherwise) which are payable on the termination of my service or on my death or retirement and to which I am (or my dependants are), or may be, entitled.

I accept that I can lose my property and other assets from making investment decisions based on financial promotions.

I am aware that it is open to me to seek advice from someone who specialises in advising on investments.

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IMPORTANT NOTICE
 
The distribution of information on this site may be restricted by law in certain countries. This site and the information on it is not addressed to any person resident in the territory or country or jurisdiction where such distribution would be contrary to local law or regulation. The fund is not available, and offering materials relating to it will not be distributed, to persons resident in any country where such distribution would be contrary to local law or regulation.

FOR EEA USERS: This site and the information on it is neither directed at nor made available to retail clients. It is directed only at persons who are professional investors for the purposes of the Alternative Investment Fund Managers Directive (2011/61/EU) (known as ‘AIFMD’); professional clients or eligible counterparties for the purposes of the Markets in Financial Instruments Directive (Directive 2004/39/EC) (known as ‘MiFID’); or as otherwise defined under applicable local regulations and at whom this site and the information on it may lawfully be directed in any relevant jurisdiction.  Please contact us if you require any further information on your status.