Important Legal Information
This website is operated by Oakley Investment Managers LLP (“OIM”), which is the manager of Pembroke VCT Plc (“Company”). OIM is a limited liability partnership registered in England & Wales (with company number OC379193) and its registered office is at 3 Cadogan Gate, London, SW1X 0AS. OIM is authorised and regulated by the Financial Conduct Authority with registration number 604924.
This website is for information only. It is not an offer to buy or sell or a solicitation of an offer to buy or sell or a recommendation to buy or sell any securities. This website is intended to be accessed in the UK only for the information of persons falling within articles 19 (investment professionals) or 49 (high net worth companies, partnerships, unincorporated associations and trusts) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended, or other persons lawfully entitled to view it. Persons falling outside these categories should contact their professional advisers in relation to any information contained on this website. Access to this website in certain jurisdictions other than the UK may be restricted by law and therefore persons who access this website and the information and documentation contained in it should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a breach of the securities laws of any such jurisdictions.
The information contained on this website has been compiled with considerable care to ensure its accuracy at the date of publication. However, no representation or warranty, express or implied, is made to its accuracy or completeness. None of OIM or the Company or any of their respective directors, officers, employees, associates and agents accept any responsibility or liability whatsoever, whether direct or indirect, express or implied, contractual, tortuous, statutory or otherwise, for any loss however arising from any use of or reliance placed upon the information contained on this website or otherwise arising in connection therewith. Nothing in this information or elsewhere in this website shall exclude, limit or restrict OIM duties and liabilities to you under the Financial Services and Markets Act 2000 or any conduct of business rules with which OIM is bound to comply.
Any information, views, prices or projections on this website are subject to change without notice. No information on this website constitutes investment, tax, legal or any other advice and no reliance should be placed on this information in any decision to acquire or dispose of shares in the Company or any investment referred to herein. Prospective investors should obtain independent investment and tax advice before investing in the Company. OIM’s client is the Company, and OIM will not advise any prospective investor on the merits of investing in the Company or on their tax position, and nothing on this website constitutes such advice. Any decision to invest should only be made after careful consideration of the prospectus.
Our website may feature links to sites operated by third parties. OIM and the Company have no responsibility for the content of such sites and cannot accept any liability in this respect. Use of these links implies acceptance of this condition.
Investing in VCTs and risk factors
Shares in VCTs usually trade at a discount to their underlying asset value. Past performance is not a reliable indicator of future performance. The value of VCT shares and any income from investing in VCTs may fluctuate. There can be no guarantee that investment objectives of the VCT will be achieved. Shareholders may get back less than originally invested, even taking the tax reliefs into account.
VCTs usually invest in small unquoted and AIM-listed companies. This means that the VCTs’ investments tend to be riskier and less liquid than investments in shares listed on the main market of the London Stock Exchange. Investors may find it difficult to sell their shares in VCTs as there is a limited secondary market for VCT shares.
Tax reliefs which may be available to investors are dependent on each investor’s individual circumstances. Investors must retain their shares in the VCT for five years in order to retain the up-front tax relief. The rules and legislation containing these tax reliefs are subject to change. Investors can only obtain tax relief (where applicable) as long as the Company maintains VCT status with HM Revenue & Customs. Where VCT status is lost or the legislation relating to VCTs changes, any tax relief obtained may need to be repaid to HM Revenue & Customs.
Prospective investors should refer to the detailed risk warnings in the prospectus.