Investment Objectives and Investment Restrictions. 1. Investment objectives
1.1 To offer a wide range of Investors the opportunity to invest into a diversified portfolio of Qualifying Companies with attractive growth prospects and strong management teams in order to provide them with capital to assist in and accelerate their growth. The Fund Manager will receive advice and recommendations from the Investment Committee. The Fund Manager’s aim is to manage the Investments subscribed by Investors to produce capital gains typically within a period of five years, whilst providing Investors with the tax advantages associated with EIS Investments.
Investment Objectives and Investment Restrictions. 5.1 Whilst acting as Fund Manager, we shall have regard to, and shall comply with, the Investment Objectives and the Investment Restrictions set out in Section 2 of these Terms and Conditions.
5.2 Whilst acting as Fund Manager, we shall (at all times) have regard to:
5.2.1 maximising returns (or potential returns) on Investments (and, in making such decisions, considering (a) the risk that the value of Investments may fluctuate over time; and (b) the liquidity risk associated with such Investments);
5.2.2 subject to paragraph 5.2.1 above, the intention for Subscriptions to the Fund to attract EIS Income Tax Relief and/or CGT Deferral Relief to the extent possible; and
5.2.3 all Applicable Laws.
5.3 Generally, we reserve the right to return any uninvested cash from your Subscription if we conclude that it cannot be properly invested on your behalf and if we consider it to be in your best interests having regard to the availability of EIS Income Tax Relief and CGT Deferral Relief.
5.4 In the event of a gradual realisation of Investments prior to termination of the Fund in accordance with the provisions of paragraph 15.1, the cash proceeds of realised Investments will be returned to you after deduction of any fees payable, subject to any reasonable requirements we or our Custodian may have at the time such proceeds become available.
Investment Objectives and Investment Restrictions. 18 .1 In performing the Investment Management Services, we shall have regard to and shall comply with, the Investment Objectives and the Investment Restrictions as set out in the Memorandum.
18 .2 In performing the Investment Management Services, we shall at all times have regard to: (a) the need for the Fund to attract the Tax Advantages; (b) all Applicable Laws; and (c) the ultimate realisation of investments in Investee Companies.
18 .3 Investments in any one Investee Company may not exceed 25 per cent of your Subscription, determined by reference to the value of the relevant investment on the date on which the Fund made that investment.
Investment Objectives and Investment Restrictions. 5.1. In performing the Services, we shall have regard to, and shall comply with, the Investment Objectives and the Investment Restrictions set out in Section 2 of these Terms and Conditions.
5.2. In performing the Services, we shall (at all times) have regard to:
5.2.1. maximising returns (or potential the value of Investments may fluctuate over time; and (b) the liquidity risk associated with such Investments);
5.2.2. subject to paragraph 5.2.1 above, the intention for Subscriptions to the Service to attract EIS Income Tax Relief and/or CGT Deferral Relief to the extent possible; and
5.2.3. all Applicable Laws.
5.3. Generally, we reserve the right to return any uninvested cash from your Subscription if we conclude that it cannot be properly invested on your behalf and if we consider it to be in your best interests having regard to the availability of EIS Income Tax Relief and CGT Deferral Relief for the Investor.
5.4. In the event of a gradual realisation of Investments prior to termination of the Service in accordance with the provisions of paragraph 15.1, the cash proceeds of realised Investments will be returned to you after deduction of any fees payable.
Investment Objectives and Investment Restrictions. 5.1. Whilst acting as Fund Manager, we shall have regard to, and shall comply with, the Investment Objectives and the Investment Restrictions set out in Section 2 of these Terms and Conditions.
5.2. Whilst acting as Fund Manager, we shall (at all times) have regard to:
5.2.1. maximising returns (or potential returns) on Investments (and, in making such decisions, considering (a) the risk that the value of Investments may fluctuate over time; and (b) the liquidity risk associated with such Investments);
5.2.2. subject to paragraph 5.2.1 above, the intention for Subscriptions to the Fund to attract EIS Income Tax Relief and/or CGT
Investment Objectives and Investment Restrictions. 6.1 The Manager will act in good faith and with reasonable professional care and skill to manage the Portfolio with a view to achieving the Investment Objectives and within any Investment Restrictions stated in Schedule 1.
6.2 Subject to Schedule 1, the Investment Objectives or the Investment Restrictions will not be breached for reasons outside the reasonable control of or events unforeseeable by the Manager, including but not limited to, changes in the price of or value of assets of the Portfolio brought about by movement in the market, the number of convertible securities in issue decreasing as a result of other holders exercising conversion rights or trades failing to settle in due time. In such circumstances the Manager shall as soon as reasonably practicable take all reasonable steps to bring the Portfolio back within the parameters of the Investment Objectives, as agreed and varied from time-to-time.
6.3 If one Party reasonably believes that the other has committed a material breach of this Agreement, that Party may notify the other with a view to determining whether or not there is a breach. Where the Parties cannot agree on whether or not there is a breach, the Party that believes that there is a breach may appoint an appropriately qualified person or persons (who may be required to enter into a deed of confidentiality) to investigate whether a breach has in fact occurred. The other Party must, on reasonable notice, permit access to such personnel of the first Party as may be reasonably required for the purpose of this investigation, to the appointed person(s). The investigating Party bears all its own costs of the investigation and the costs of appropriately qualified person or persons appointed under this clause. Liability for the reasonable costs of any investigation undertaken and the cost(s) and/or expenses of appropriately qualified person(s) appointed under this clause will be attached to the Party found to be in breach of this Agreement. If the claim is deemed unfounded, the investigating Party shall bear the cost(s) and/or expenses.
Investment Objectives and Investment Restrictions. RELATING TO THE FUND To offer the Investor the opportunity to invest into a small portfolio of companies, investment in which should qualify for EIS relief. Pe Manager’s aim is to realise appropriate risk adjusted returns within a period of four to seven years from the point of final investment in the relevant investee company.
