NON-READILY REALISABLE SECURITIES - INVESTOR CERTIFICATION

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OPTION 1 - RESTRICTED INVESTOR STATEMENT

I make this statement so that I can receive promotional communications relating to non-readily realisable securities as a restricted investor. I declare that I qualify as a restricted investor because:

  1. in the twelve months preceding the date below, I have not invested more than 10% of my net assets in non-readily realisable securities; and
  2. I undertake that in the twelve months following the date below, I will not invest more than 10% of my net assets in non-readily realisable securities.
    1. Net assets for these purposes do not include:

    2. the property which is my primary residence or any money raised through a loan secured on that property;
    3. any rights of mine under a qualifying contract of insurance; or
    4. any benefits (in the form of pensions or otherwise) which are payable on the termination of my service or on my death or retirement and to which I am (or my dependants are), or may be entitled.
OPTION 2 - HIGH NET WORTH INVESTOR STATEMENT

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-readily realisable securities. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:

  1. I had, throughout the financial year immediately preceding the date below, an annual income to the value of £100,000 or more;
  2. I held, throughout the financial year immediately preceding the date below, net assets to the value of £250,000 or more.
    1. Net assets for these purposes do not include:

    2. the property which is my primary residence or any money raised through a loan secured on that property
    3. any rights of mine under a qualifying contract of insurance; or
    4. any benefits (in the form of pensions or otherwise) which are payable on the termination of my service or on my death or retirement and to which I am (or my dependants are), or may be, entitled.
OPTION 3 - SELF-CERTIFIED SOPHISTICATED INVESTOR STATEMENT

I declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-readily realisable securities. I understand that this means:

  1. I can receive promotional communications made by a person who is authorised by the Financial Conduct Authority which relate to investment activity in non-readily realisable securities;
  2. the investments to which the promotions will relate may expose me to a significant risk of losing all of the property invested.

I am a self-certified sophisticated investor because at least one of the following applies:

  1. I am a member of a network or syndicate of business angels and have been so for at least the last six months prior to the date below;
  2. I have made more than one investment in an unlisted company in the two years prior to the date below;
  3. I am working, or have worked in the two years prior to the date below, in a professional capacity in the private equity sector, or in the provision of finance for small and medium enterprises;
  4. I am currently, or have been in the two years prior to the date below, a director of a company with an annual turnover of at least £1 million.
November 18th, 2017

VCTs Available for Investment 2017/18 Tax Year

Budget Changes

VCT investments are higher-risk investments. Please see our main VCT page for further important information. REMEMBER, ONLY PURCHASE A VCT INVESTMENT THROUGH AN EXECUTION-ONLY BROKER LIKE CLUBFINANCE IF YOU DO NOT NEED ADVICE. CLUBFINANCE WILL NOT ASSESS THE SUITABILITY OR APPROPRIATENESS OF ANY VCT INVESTMENT. For advice on suitability or an assessment of appropriateness, please contact an authorised and regulated financial adviser.

If you know which VCT you would like to invest in and it is open for the 2017/18 tax year, please use the documentation in the table below. If the VCT is not listed or if you have difficulties, please contact us using the form at the bottom of this webpage and we will send you the appropriate documentation. A commission rebate of 100% of Clubfinance's initial commission (as additional shares) plus up to 75% of renewal commission will apply (subject to a maximum of 0.375% per annum).

Please see How to Invest - the process for details of the necessary steps and information you need to make an investment.

IMPORTANT NOTE ON CHARGES - Charges for VCTs can be very high and come in many different types and forms. Please ensure you read the offer document in detail to understand the charges.

Please remember to send your completed application form(s) together with a signed Client Declaration to Clubfinance Ltd. - click here for details.

DISCOUNTS: If you find a better initial discount elsewhere, please contact us and we will we see if we can match it. Please remember, we always give back all our initial commission on VCTs.
TOP-UPS: The share price you pay for a top-up issue is usually based on the Net Asset Value (NAV) of the same shares already in issue. When choosing a VCT top-up, please be aware that the shares already in issue can trade at a discount to NAV. This discount on the secondary market can in some cases be more than the Income Tax relief you might receive by investing through the top-up offer. Please see the London Stock Exchange for the latest VCT share prices.
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VCT Product
Type
Minimum
Expected Closing Date*
Initial Charge before Discount
Our Initial Discount**
Our Annual Discount**
Documents
(See icon key located beneath the table)
Albion VCTs Prospectus Top Up Offers 2017/2018
Albion Venture Capital Trust Offer Suspended, the other 5 Albion VCT offers remain open
Generalist VCT
Minimum
£6,000
Expected Closing Date
5-Apr-18
Initial Charge before Discount
2.5%
Our Initial Discount
0%
Our Annual Discount
0.3%
(max 1.5%)
Amati VCT & VCT 2 (top-ups)
AIM VCT
Minimum
£4,000
Expected Closing Date
4-Apr-18
Initial Charge before Discount
3%
Our Initial Discount
2%1
Our Annual Discount
0.28%
(max 1.4%)
Baronsmead Venture Trust & Second Venture Trust (top-ups)
Baronsmead Venture Trust closed fully subscribed
Generalist VCT
Minimum
£3,000
Expected Closing Date
12 noon
29-Dec-17
Initial Charge before Discount
3%
Our Initial Discount
0%
Our Annual Discount
0.3%
(max 1.2%)
Calculus VCT (top-up)
Generalist VCT
Minimum
£5,000
Expected Closing Date
3-Apr-18
Initial Charge before Discount
5%
Our Initial Discount
3.35%/2.85%2
Our Annual Discount
0.375%
(max 2.25%)
Closed. Closed. Closed. Closed.
Downing FOUR VCT 'Generalist' Share
Generalist VCT
Minimum
£5000/
£500 p.m
Expected Closing Date
30-Sep-17
Initial Charge before Discount
4%
Our Initial Discount
2.25%
Our Annual Discount
0.28%
(max 1.4%)
Downing FOUR VCT 'Healthcare' Share
Specialist VCT
Minimum
£5000/
£500 p.m
Expected Closing Date
30-Nov-17
Initial Charge before Discount
4%
Our Initial Discount
2.25%
Our Annual Discount
0.28%
(max 1.4%)
Downing ONE VCT (top-up)
Generalist VCT
Minimum
£5000/
£500 p.m
Expected Closing Date
5-Apr-18
Initial Charge before Discount
4%
Our Initial Discount
3.25%3
Our Annual Discount
0.28%
(max 1.4%)
Elderstreet VCT (top-up)
Generalist VCT
Minimum
£6,000
Expected Closing Date
30-Nov-17
Initial Charge before Discount
5.5%
Our Initial Discount
2.5%
Our Annual Discount
0.1875%
(max 0.937%)
Foresight 4 VCT (top-up)
Generalist VCT
Minimum
£3,000
Expected Closing Date
5-Apr-18
Initial Charge before Discount
5.5%
Our Initial Discount
4.5%/4%4
Our Annual Discount
0.375%
(max 2.25%)
Closed. Closed. Closed. Closed.
Foresight Solar & Infrastructure VCT 'D' Share (top-up)
Specialist VCT
Minimum
£3,000
Expected Closing Date
5-Apr-17
Initial Charge before Discount
5.5%
Our Initial Discount
3.5%/3%5
Our Annual Discount
0.375%
(max 2.25%)
Closed. Closed. Closed. Closed.
Foresight VCT (top-up)
Generalist VCT
Minimum
£3,000
Expected Closing Date
5-Apr-17
Initial Charge before Discount
5.5%
Our Initial Discount
3.5%/3%6
Our Annual Discount
0.375%
(max 2.25%)
Closed. Closed. Closed. Closed.
Hargreave Hale AIM VCT 1&2 (top-ups)
AIM VCT
Minimum
£5,000
Expected Closing Date
15-Nov-17
Initial Charge before Discount
3.5%
Our Initial Discount
2%7
Our Annual Discount
0.375%
(max 1.875%)
Maven Income & Growth VCT 3&4 Top-up Offers
Generalist VCT
Minimum
£5,000
Expected Closing Date
3-Apr-18
Initial Charge before Discount
5%
Our Initial Discount
4%/3.75%8
Our Annual Discount
0.375%
(max 1.5%)
Mobeus VCTs Offers for Subscription (top-ups)
Generalist VCT
Minimum
£6,000
Expected Closing Date
4-Apr-18
Initial Charge before Discount
3.25%
Our Initial Discount
0.75%
Our Annual Discount
0.28%
(max 1.78%)9
Closed. Closed. Closed. Closed.
Northern VCTs (top-ups)
Generalist VCT
Minimum
£6,000
Expected Closing Date
5-Apr-18
Initial Charge before Discount
4%
Our Initial Discount
2.25%
Our Annual Discount
0.3%
(max 1.5%)
Closed. Closed. Closed. Closed.
Octopus AIM VCTs (top-ups)
AIM VCT
Minimum
£5,000
Expected Closing Date
4-Apr-18
Initial Charge before Discount
5.5%
Our Initial Discount
3.5%/2.5%10
Our Annual Discount
0.375%
(max 3.375%)
Octopus Titan VCT (top-up)
Generalist VCT
Minimum
£3,000
Expected Closing Date
4-Apr-18
Initial Charge before Discount
5.5%
Our Initial Discount
3.5%/2.5%11
Our Annual Discount
0.375%
(max 3.375%)
Pembroke VCT 'B' Share (top-up)
2017/18 offer expected November 2017
Generalist VCT
Minimum
TBC
Expected Closing Date
TBC
Initial Charge before Discount
TBC
Our Initial Discount
TBC
Our Annual Discount
TBC
ProVen Growth & Income VCT (top-up)
Generalist VCT
Minimum
£5,000
Expected Closing Date
20-Dec-17
Initial Charge before Discount
5.5%
Our Initial Discount
3.25%/2.25%12
Our Annual Discount
0.375%
(max 1.875%)
ProVen VCT (top-up)
Generalist VCT
Minimum
£5,000
Expected Closing Date
20-Dec-17
Initial Charge before Discount
5.5%
Our Initial Discount
3.25%/2.25%13
Our Annual Discount
0.375%
(max 1.875%)
Puma VCT 13
Limited Life - Generalist VCT
Minimum
£5,000
Expected Closing Date
5-Apr-18
Initial Charge before Discount
3%
Our Initial Discount
1%
Our Annual Discount
0.2625%
(max 1.31%)
Closed. Closed. Closed. Closed.
Triple Point Income VCT 'E' Share
Limited Life - Specialist VCT
Minimum
£5,000
Expected Closing Date
31-Mar-17
Initial Charge before Discount
5%
Our Initial Discount
3%
Our Annual Discount
0.375%
(max 3.75%)
Closed. Closed. Closed. Closed.
Unicorn AIM VCT (top-up)
AIM VCT
Minimum
£2,000
Expected Closing Date
17-Nov-17
Initial Charge before Discount
5.5%
Our Initial Discount
3%
Our Annual Discount
0.375%
(max 1.125%)

All charges may be subject to VAT.

* Expected closing dates are for the 2017/18 tax year. Note that complete applications must reach Clubfinance at least 3 working days prior to the closing date. If you are close to this deadline please contact us to see if there are any special arrangements in place for last minute applications. Offers can close early.

** Please generate a commission statement and see the Securities Note/Prospectus/offer document for further information. All initial discounts shown are given as additional shares, except where specifically noted. The discounts shown include early bird additional shares offered by the VCT and are relative to an execution-only broker taking full commission. However, we do ensure that the initial charge after discount through Clubfinance is the same or cheaper than the charge for direct business.

a - Please note that for these VCTs, this maximum may not be reached due to the limited life nature of the VCT.

b - For these VCTs there is no renewal commission. As Clubfinance rebates 100% of its initial commission, Clubfinance therefore receives nothing for arranging these particular VCTs. This is in line with our 100% initial commission rebates for VCTs generally. We do this to provide clear, consistent, and competitive discounts that are transparent in terms of the commission we give up and keep. We do not charge a fee for this service.

c - Please click here to access the sign-up form for our EIS & VCT Update e-mail updates, which will let you know when this offer launches.

1 - The initial discount for the Amati VCTs is provided for applications submitted via Authorised Financial Intermediaries.

2 - The initial discount for Calculus VCT comprises our rebated initial commission of 2.35% and 0.5% additional shares (or 1% for existing shareholders in Calculus VCT) provided under the terms of the offer for early applications received and accepted by 2 February 2018. Please ensure applications are received by us by 1 February 2018 to ensure this additional share allocation is obtained (please contact us if you will have difficulty meeting this deadline).

3 - The initial discount for Downing ONE VCT comprises our rebated initial commission of 2.25% and 1% additional shares provided under the terms of the offer for early applications received and accepted by 17 November 2017. Please ensure applications are received by us by 16 November 2017 to ensure this additional share allocation is obtained (please contact us if you will have difficulty meeting this deadline).

4 - The initial discount for Foresight 4 VCT comprises our rebated initial commission of 3% and 1% additional shares (or 1.5% for existing shareholder in VCTs managed by Foresight) provided under the terms of the offer for early applications received and accepted by 30 November 2017. Please ensure applications are received by us by 29 November 2017 to ensure this additional share allocation is obtained (please contact us if you will have difficulty meeting this deadline).

5 - For Foresight Solar & Infrastructure VCT 'D' Share, existing shareholders in any Foresight VCTs will receive 0.5% additional shares (i.e. in total they will receive the higher initial discount shown above).

6 - For Foresight 4 VCT, existing shareholders in any Foresight VCTs will receive 0.5% additional shares (i.e. in total they will receive the higher initial discount shown above).

7 - The initial discount for the Hargreave Hale AIM VCTs comprises our rebated initial commission of 1% and 1% additional shares for early applications received and accepted by 15 November 2017. Please ensure applications are received by us by 14 November 2017 to ensure this additional share allocation is obtained (please contact us if you will have difficulty meeting this deadline).

8 - The initial discount for Maven Income & Growth VCT 3&4 comprises our rebated initial commission of 2.5% and 1.25% additional shares (or 1.5% for existing shareholders in any Maven VCT) provided under the terms of the offer for early applications received and accepted by 12 noon on 2 February 2018. Please ensure applications are received by us by 1 February 2018 to ensure this additional share allocation is obtained (please contact us if you will have difficulty meeting this deadline).

9 - Mobeus VCTs (top-ups) - the annual trail commission is payable to Clubfinance Ltd at a rate of 1% for the first year and 0.375% for up to further 5 years. The rebate for the first year will therefore be 0.375% for the first year and 0.28% for up to a further 5 years.

10 - For the Octopus AIM VCTs, existing or previous shareholders in any Octopus VCT will receive 1% additional shares (i.e. in total they will receive the higher initial discount shown above).

11 - For the Octopus Titan VCT, existing or previous shareholders in any Octopus VCT will receive 1% additional shares (i.e. in total they will receive the higher initial discount shown above).

12 - For ProVen Growth & Income VCT (top-up), existing shareholders in ProVen Growth & Income VCT, ProVen VCT plc or ProVen Planned Exit VCT plc as at 20 October 2017 will receive 1% additional shares (i.e. in total they will receive the higher initial discount shown above).

13 - For ProVen VCT (top-up), existing shareholders in ProVen Growth & Income VCT, ProVen VCT plc or ProVen Planned Exit VCT plc as at 20 October 2017 will receive 1% additional shares (i.e. in total they will receive the higher initial discount shown above).

Key:

Link to the product documentation, and application form (in PDF format) for each product.
Link to essential Clubfinance information required to proceed with a transaction through Clubfinance.
Additional Risk Warnings you must be aware of before making an investment.
Click on this icon to be taken to a webpage where you can generate your own tailored Commission Statement.
Updates on the product.
Clicking on this icon will take you to a website linked to the product which may provide additional useful information.

Don't see the VCT you are interested in?

We will endeavour to obtain and e-mail you the product documentation and our applicable VCT commission rebates will apply.

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Important Information

Clubfinance Ltd is authorised and regulated by the Financial Conduct Authority (firm reference no. 400139). Clubfinance offers an execution-only discount broker service; Clubfinance does not give advice or recommendations. If you have any doubt about the suitability of a particular product or service, or you require advice, you should seek a personal recommendation from an appropriate firm that does give advice. Clubfinance does not produce the products it arranges, or manage the underlying investments. Payments must not be made to Clubfinance, but to the relevant product provider. Contact details for Clubfinance can be found under 'contact'. Users of this website should be aware of the following:

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