LEGAL INFORMATION

The information in this website does not constitute an invitation, inducement or offer to engage in investment activity, or to subscribe for or purchase shares or other securities. It is intended for general information purposes only and not as investment, or other advice, and is not to be relied upon in connection with any investment decision.

A VCT investment is therefore not suitable for all individuals.Any potential investor should seek independent, professional financial advice and read the relevant prospectus or offering memorandum prior to making an investment decision.

This site is aimed at persons for whom VCTs may be an appropriate investment.  Whilst all retail investors may potentially invest in VCTs, they carry a higher risk than many other forms of investment and they may only be suitable for certain retail investors.  They are unlikely to be suitable for investors who may need access to funds in the short term and the underlying nature of the investment into smaller companies may increase the risk of financial loss.  Therefore, VCT shares are appropriate for more sophisticated investors with significant investment portfolios, who are able to take a longer term view and understand the risk-return of investing in smaller companies and the tax advantages of the VCTs.

The FCA has confirmed that VCT shares are to be treated as “Excluded Securities” in terms that they are not subject to the investment restrictions applied to Non-Mainstream investment Products.

Terms of Use

When entering areas of the site containing materials and information relating to a current offer to subscribe for shares, users will be asked to accept the following Terms of Use. These are copied below here.

Regulatory Information

The ProVen VCTs are managed by Beringea LLP, a specialist private equity fund manager based in the UK which is authorised and regulated by the Financial Conduct Authority (FCA). Beringea LLP's FCA Firm Reference Number is 496358.

The value of shares in a VCT and the income from them may fluctuate and investors may not get back the amount they invested. The market price of VCT shares is unlikely fully to reflect their underlying net asset value. It is possible that there may not be a liquid market in the shares of VCTs and shareholders may have difficulty in selling their shares. Any sale is likely to be at a discount to net asset value.

VCTs invest in a portfolio of small companies, which by their nature carry greater risk than larger, quoted companies.

Due to a number of the features and risk factors associated with VCTs, it is an investment that is not suitable for all investors.  Potential investors who are in any doubt about what action to take should consult an authorised financial advisor.

To comply with the requirements of the Data Protection Act 1998, we adhere to strict security procedures and have taken all measures to ensure that no unauthorised disclosures of your details are made to a third party without your permission and unauthorised access to it is prevented.

Privacy Policy

Any information you provide to us will be used to administer your requirements for information from us. Occasionally, we may also use your details to inform you of other features, services and products which we think you may be interested in and we may contact you by post, fax, email or telephone. We will keep your personal information confidential except to the extent that we are compelled to disclose it by law or to comply with an instruction of a regulatory body of competent jurisdiction. To comply with the requirements of the Data Protection Act 1998, we adhere to strict security procedures and have taken all appropriate measures to ensure that no unauthorised disclosures of your details are made to a third party without your permission and unauthorised access to it is prevented.

No Warranty

Reasonable care has been taken to ensure that the information available on this site is correct and up-to-date.  However, since some of the information has been sourced from third parties and certain data may not have been updated, we make no representation or warranty of any kind regarding the information on this site.  

You should therefore be aware that certain information may be out of date, incomplete or incorrect and therefore should be independently verified or verified directly with us before taking any action in reliance on it.

Exclusion of Liability

  1. Where the site contains links to another website and other data, these links are provided for your information only.  We accept no liability for any information or content in them and may have not control over them.
  2. No recommendation, commentary or other information contained on this site should be considered to be advice on which you should place reliance.  
  3. In using this website, it is a condition that you accept, as reasonable terms, that we have no liability and this includes all costs, losses, damages and expenses of any kind, including any loss of profit or economic loss and any consequential loss of any kind.
  4. Furthermore, we are not liable as a result of any loss or damage sustained through our website being subject to third party cyber/computer attack or hacking which may affect your equipment and/or data or other assets or proprietary material due to your use of our site or downloading any material from our site.

Issued by Beringea LLP which is authorised and regulated by the Financial Conduct Authority registered number: 496358

Cookie Policy

This website uses cookies which may collect information and statistics about all visitors to this website.

What are ‘Cookies’?

A cookie is a text file saved to your computer's hard disk by a website so it can remember who you are. Cookies only record pages of a website that have been visited by your computer and the duration of the visit to those pages. These remain on your computer until you leave the website and allow you to carry information across pages of the website without having to re-enter information, for example when putting items into a shopping basket, or logging in to a site. Some cookies will stay on your computer after leaving the website. For a more detailed explanation, see the types of cookies below.

Session Cookie

Also called a transient cookie, a cookie that is erased when you close the web browser. The session cookie is stored in temporary memory and is not retained after the browser is closed. Session cookies do not collect information from your computer. They typically will store information in the form of a session identification that does not personally identify the user.

Persistent Cookie

Also called a permanent cookie, or a stored cookie, a cookie that is stored on your hard drive until it expires (persistent cookies are set with expiration dates) or until you delete the cookie. Persistent cookies are used to collect identifying information about the user, such as web surfing behavior or user preferences for a specific website.

What is the new directive?

Privacy and Electronic Communications (EC Directive) (Amendment) Regulations 2011.

What does it relate to?

This directive relates to website users’ consent of Cookies created by a website.
The Directive states that a website’s users must knowingly give consent to the use of Cookies on their computers.
For more detailed information about cookies, how they work on your computer and how to delete them or allow them to remain on your computer, please visit www.ico.gov.uk/cookiesadvice