This document may constitute a ‘financial promotion’ in the United Kingdom for the purposed of Section 21 Financial Services and Market Act 2000 (“FSMA”) and accordingly, its distribution in the United Kingdom may be restricted.  This document is exempt from the general restrictions on the communication of invitations or inducements to engage in investment activity under section 21 FSMA on the grounds that it is made only to the categories of persons specified below.  Neither the ‘Company’  nor any other person authorised by The Financial Conduct Authority (FCA) has approved or authorised the contents of this document for the purposes of Section 21 FSMA.  Accordingly, this document in only directed at: (a) persons who have professional experience in matters relating to investments falling within Article 19 (5) (Investment Professionals) or Article 49 (High Net Worth Companies, Unincorporated Associations etc.) of the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005 (as amended) (the ‘order’); (b) certified high net worth individuals within the meaning of Article 48 of the Order (being individuals who have signed, within the previous twelve months, a statement complying with Part I of Schedule 5 of the Order confirming that they have an annual income of £100,000 or more or net assets (excluding primary residence) of £250,000 or more), (c) certified sophisticated investors and self-certified sophisticated investors within the meaning of Article 50, and Article 50A of the Order confirming that they (i) are a member of a network or business angels, (ii) have made more than one investment in unlisted companies in the previous two years; (iii) work in a professional capacity in the private equity or related sector; or (iv) are a director of a company with an annual turnover of at least £1million); (v) associations of high net worth investors or sophisticated investors within the meaning of Articles 51 of the Order, and (vi) any other person to whom it may lawfully be communicated. (together, the ‘Relevant Persons’)

 

This document is only directed at relevant persons and must not, under any circumstances be acted on or relied on by persons who are not relevant persons.  Any investment or investment activity to which this communication relates is only relevant persons and will be engaged in only with relevant persons.  Each recipient of this communication (“Recipient”) represents and warrants that he or it is a relevant persons and agrees to inform himself or itself about and observes all applicable legal requirements in the UK and/or in the jurisdiction(s) in which he or it is situated.  Any ‘Recipient’ who is not a relevant person should return this document to the ‘Company’ and should not act upon it.

 

Recipients of this document in jurisdictions outside of the UK should inform themselves about and observe all applicable legal requirements in their jurisdictions.  In particular, the distribution of this document of this document in certain jurisdictions may be restricted by law and, accordingly, recipients represents that they are able to receive this document without contravention of any unfulfilled registration requirements or other legal restrictions in the jurisdiction in which they reside or conduct business.  Any recipient who is in any doubt regarding an investment should consult an authorised person specialising in advising on investments of the kind in question. 

 

The sole purpose of this document is to provide information on banxlocal.uk Limited (the “Company”) and BL Holdings (Guernsey) Limited (the “Parent Company”) to those parties who have expressed an interest in the business carried on by the Company.  This communication in not intended to constitute investment advice and has been provided to you for informational purposes only.  It may not be relied upon by the recipient or any other person in evaluating the merits of investing in any securities or interests referred to herein or for any other purpose.  This communication in not intended as and is not to be taken as an offer or solicitation with respect to the purchase or sale of any security or interest, nor does it constitute an offer or solicitation in any jurisdiction, including those in which such an offer or solicitation is not authorised or to any person to whom it is unlawful to make such a solicitation or offer.  Potential investors in the Company should seek their own independent financial, tax, legal and other advice. 

 

EIS investments place your capital at risk and you may not get back the full amount invested.  Tax treatment depends on the individual circumstances of each investor and may be subject to change.  Past performance is not a reliable indicator of future results and any forecast is not a reliable indicator of future performance.  Forward looking projections do in no way indicate any certainty or guarantee of return.  The availability of tax reliefs also depends on the investee companies maintaining their qualifying status.  EIS investments invest into small unquoted and/or AIM-listed companies, which are likely to have higher volatility and liquidity risk than shares quoted on the London Stock Exchange Official List.  BL Holdings (Guernsey) Ltd is a start-up unquoted company with no liquidity.  Whilst HMRC Advance Assurance has been received this is no guarantee to EIS regime benefits in the future, either by disqualification or change in tax legislation.  This presentation does not offer investment or tax advice and as investing in EIS products is not suitable for everyone we recommend you seek independent investment and tax advice before investing in such products. 

 

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