Financial Promotion Warning
The content of this promotion has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000. Reliance on promotions relating to the companies for the purposes of engaging in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested.
The communications made at the FinanceCamp North East on 22 May 2019 are exempt from the general restriction (in Section 21 of the Financial Services and Markets Act 2000 (the "Act")) on the communication of invitations or inducements to engage in investment activity on the grounds that they are made to or directed at a Certified High Net Worth Individual or Certified Sophisticated Investor or Self Certified Sophisticated Investor or those persons having professional experience in matters relating to investments, being Investment Professionals (including directors, officers or employees of Investment Professionals) (for the purposes of Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005). Those persons who do not fall within the categories of Certified High Net Worth Individual or Certified Sophisticated Investor or Self Certified Sophisticated Investor or Investment Professional should not rely on any communications.
To qualify as a Certified High Net Worth Individual, the individual must have signed a current statement of high net worth within the twelve months ending on the date of this communication in the form required by Article 48(2) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005. The statement must confirm that the individual, either: –
had during the financial year immediately preceding the date on which the statement is signed, an annual income to the value of £100,000 or more; or
held throughout the financial year immediately preceding the date on which the statement is signed net assets to the value of not less than £250,000 or more.
To qualify as a Certified Sophisticated Investor in relation to any form of investment the person must have a current certificate in writing signed by an authorised person to the effect that he is sufficiently knowledgeable to understand the risk associated with the particular description of investment and he has signed, within the twelve months ending with the date of the communication, a statement in the terms required by Article 50(1)(b) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005. A certificate is current if it is signed and dated not more than three years from the date of the communication.
To qualify as a Self-Certified Sophisticated Investor the individual must have signed a statement within the twelve months ending on the date of this communication in the form required by Article 50A(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005. The statement must confirm that the individual, either: –
is a member of a network or syndicate of business angels and has been so for at least six months prior to the date of the statement; or
has made more than one investment in an unlisted company in the two years prior to the date of the statement; or
is working or has worked in the two years prior to the date of the statement in a professional capacity in the private equity sector, or in the provision of finance for small and medium enterprises; or
is currently or has been in the two years prior to the date of the statement, a director of a company with an annual turnover of at least £1million;
The contents of this communication have not been approved by an authorised person and such approval is, unless this exemption or any other exemption applies, required by Section 21 of the Act.
Any person who is in any doubt about the investment to which the communication relates should consult an authorised person specialising in advising on investments of the kind in question.
Innovate NE Limited has not approved or verified the contents of the communications made by the companies at FinanceCamp North East on 22 May 2019. Any person considering making an investment in any company should conduct its own investigation of the relevant company.
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