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Content and Information Memoranda
Certain parts of the information contained in this website (the 'Website') constitute a financial promotion pursuant to section 21 of the Financial Services and Markets Act 2000 ('FSMA') and is issued by Innvotec (the 'Manager') which is authorised and regulated by the Financial Conduct Authority in the United Kingdom and whose registered office is at Painters Hall, 9 Little Lane, London, EC4V 2AD.
The Website is not directed at, and should not be accessed by, persons in any jurisdiction other than the United Kingdom.
If you are in any doubt about the action you should take in regard to the contents of the Website, you should contact an independent financial adviser or other professional adviser authorised under FSMA who specialises in advising on investments of the type referred to in the Website. Reliance on the information in the Website 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. Nothing in the Website constitutes investment, tax, financial, regulatory or other advice by the Manager.
The Website contains general information regarding EIS Funds, Seed EIS Funds and SITR Funds (together the 'Funds'). The contents of the Website is provided for information purposes only and does not, nor is it intended to, constitute an offer or solicitation to any person in any jurisdiction to purchase or sell any investment. The information available on the Website is subject at all times to the full terms of the Information Memoranda relating to the Funds (the 'Information Memoranda'), which should be read in their entirety before a decision to invest in the Fund is made. In particular, your attention is drawn to the risk factors relating to an investment in the Funds.
Investment into any of the funds is meant only for Applicable Investors defined as (1) professional clients, (2) retail clients who confirm that in relation to an investment in the Fund they have received regulated investment advice or investment management services from an authorised person, (3) retail clients who are venture capital or corporate finance contacts, (4) retail clients who self-certify or are certified as sophisticated investors, (5) retail clients who are certified as high net worth investors or (6) retail clients who certify that they have not invested and will not invest more than 10% of their net investible assets in non-readily realisable securities.
Hyperlinks contained in the Website to any other website are not an endorsement, approval or certification of information, projections or opinions on such websites.
The Information Memoranda are issued solely for the purpose of seeking subscriptions from prospective investors for investments in the Funds. Information on the Website and in the Information Memoranda are confidential and must not be copied, reproduced or distributed in whole or in part to any other person at any time without the Manager's prior written consent.
The tax treatment referred to in the Website and the Information Memoranda for EIS and Seed EIS depends on the individual circumstances of each investor and may be subject to change in the future. In addition, the availability of any tax reliefs depends on the investee companies in which investments are made from time to time maintaining their qualifying status. Past performance is not a guide to future performance and may not be repeated. The value of an investment may go down as well as up and an investor may not get back the full amount invested.
Investment in each of the Funds carries substantial risk. Any investment in the Funds should be regarded as being medium to long term in nature. There can be no assurance that the Funds' investment objectives will be met and results may vary substantially over time. Investors' money subscribed to the Funds will be committed to investments which may be of a long term and illiquid nature. The companies in which the Funds invest will not be quoted on any regulated market and, accordingly, there will not be an established or ready market for any such shares. It may be difficult to obtain information regarding how much an investment is worth or how risky it is at any given time and the Manager may experience difficulty in realising the investments (for value or at all).
An investment in the Funds may only be made on the basis of the Information Memoranda and the Investment Management Agreements set out therein. Prospective investors should not regard the contents of the Website or the Information Memoranda as constituting a recommendation or advice relating to any legal, taxation, regulatory or investment matters and are advised to consult their own professional advisers before contemplating any investment. The Manager, its directors, officers, employees and agents do not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on any information or opinions contained herein or in any other communication in connection with an investment in the Funds except where such liability arises under FSMA, regulations made under FSMA or the Handbook of Rules and Guidance of the Financial Conduct Authority (the 'FCA Rules') and may not be excluded.
The Manager believes that the factual content of the Information Memoranda is accurate and that statements of opinion therein are reasonably held. Subject to the Manager's overriding duty under the FCA Rules to ensure that the content of the Website and the Information Memoranda is presented in a manner which is fair, clear and not misleading with respect to the persons to whom the Fund is promoted, the Manager accepts no responsibility to any person accessing the Website or any recipient of the Information Memoranda for inaccuracies in factual representation or for any consequences to such persons of placing reliance upon statements of the Manager's or the Manager's opinion, except to the extent required by law. Additionally, some material included in the Website and Information Memoranda is derived from public or third party sources, and the Manager disclaims all liability for any errors or misrepresentations which any such inclusions may contain.
All statements of opinion and/or belief contained in the Website, and all views expressed and all projections, forecasts or statements relating to expectations regarding future events or the possible future performance of the Funds, represent the Manager's own assessment and interpretation of information available to it at the time of writing. Any such statements contained in the Website may change without notice. No representation is made or assurance given that such statements, views, projections or forecasts are correct or that the objectives of the Funds will be achieved. Prospective investors must determine for themselves what reliance (if any) they should place on such statements, views, projections or forecasts and no responsibility is accepted by Innvotec in respect thereof.
The Website and Information Memoranda may contain certain information that constitutes 'forward-looking statements' which can be recognised by use of terminology such as 'may', 'will', 'should', 'anticipate', 'estimate', 'intend', 'continue', or 'believe' or their respective negatives or other comparable terminology. Forward-looking statements are provided for illustrative purposes only. Due to various risks and uncertainties, actual events, results or performance may differ materially from those reflected or contemplated in such forward-looking statements.
No person has been authorised to give any information, or to make any representation concerning the Funds other than the information contained in the Website and in the Information Memoranda, and if given or made, such information or representation must not be relied on. The Website and the Information Memoranda may only be accessed by persons within the United Kingdom and do not constitute an offer, or the solicitation of an offer, in any jurisdiction in which such offer or solicitation is unlawful. It is the responsibility of any person outside the United Kingdom wishing to access the Website or make an application to invest in the Funds to satisfy himself as to full observance of the laws of any relevant territory in connection therewith.
Prospective investors should be aware that the arrangements described in the Website and the Information Memoranda represent a discretionary portfolio management service subject to the terms of the underlying Investment Management Agreements. Investors appoint the Manager to invest their subscription monies on a discretionary basis into a portfolio of Qualifying Companies. All investments made will be held in the name of a nominee in a way that enables each Investor's entitlement to be separately identified. The EIS, SEIS and SITR Funds are not to be treated as an unregulated collective investment scheme (as defined in section 235 of FSMA).
The EIS, SEIS and SITR Funds have not been approved by HMRC under section 251 of the Income Tax Act 2007.
The information set out in the Information Memoranda is the latest available. The Manager reserves the right to update the Website and the Information Memoranda from time to time.
The information contained in the Website and the Information Memoranda makes reference to the current laws concerning EIS Income Tax Relief, EIS Carry Back Relief and EIS Loss Relief (together, the 'EIS Reliefs'), CGT Reinvestment Relief and the CGT Exemption (together, the 'CGT Reliefs'), and IHT Relief together with the equivalents under Seed EIS. These levels and bases of relief may be subject to change. The tax reliefs referred to in the Website and the Information Memoranda are those currently available and their value depends on individual circumstances.
There is no guarantee that EIS, SEIS or SITR Reliefs or CGT Reliefs will be available on any investment made by the Funds or that if it is initially available it will not be subsequently withdrawn. Any references to tax laws or tax rates in the Website or the Information Memoranda are based on current legislation, which is subject to change and provided as a guide only. Prospective investors are advised to take their own taxation advice and should consult their own professional advisers on the implications of investing in the Funds.
We take your privacy seriously and will only use your personal information to administer your account/ manage investments and to provide you with the products and services you have requested from us.
We may share your personal information with a) Credit Reference Agencies for the purposes of carrying out identity verification, b) our System provider, Exact Financial Systems, for maintaining the accounts and c) our strategic business partners who assist us in administering the investments into the selected funds. Further information in relation to the funds and the strategic partners we work with is available on our website: http://www.innvotec.com/
We may use any information provided by you to us to constantly monitor and improve our services to you. We will also use such information to send specific correspondence which is either required to be provided to you under the regulation or, in our opinion, may be of interest to you including information relating to other products/services/offers we provide.
Your rights under the Data Protection Legislation
Access to informationThe Data Protection Act and the General Data Protection Regulation give you the right to access information held about you called a Subject Access Request. Please contact us at the address provided at the beginning of this section, if you wish to seek such information. We will provide your information to you free of charge and within 30 days of receiving your request. You may also contact the credit reference agencies operating within the UK to obtain further information about what information they hold about you. Please contact us, and we will provide you with their details. Further information on how the three CRAs use and store personal data they receive about you can be found at: https://www.callcredit.co.uk/crain
Right to rectificationYou are entitled to have personal data rectified if it is inaccurate or incomplete.
Right to erasureIn certain circumstances, you may have the right to have your personal data erased, for example, if you believe it is no longer necessary for the purpose for which it was originally collected. If we are unable to accede to your request for a valid legal reason, we will tell you why.
Right to restrict processingYou may have the right to ask us to restrict the processing of your data for a certain period of time. For example, if you contest the accuracy of your personal data you can ask us to restrict processing until the accuracy of the data has been verified.
Right to objectYou have the right to object at any time to your personal data being processed for marketing purposes.
Right to lodge a complaintIf you believe we have breached the regulations, you have the right to lodge a complaint with the Information Commissioner’s Office via their website at: www.ico.org.uk
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