Spark VCT

1. Venture Capital Trusts ("VCTs")

The information on this site relating to any SPARK VCT is directed at United Kingdom residents accessing the site from the United Kingdom only. Shares in any SPARK VCT referred to on this website will not be offered or made available by that VCT to non-UK residents. Applications for any shares offered by a SPARK VCT must be made only on the basis of and using the application form set out in the relevant prospectus. You should not base any decision to purchase or dispose of any shares in any SPARK VCT on the information in this website.

2. Some investment risks

The investments referred to on this website may not be suitable for all investors. If investors have any doubts concerning the subscription for, or purchase of, shares in any of the SPARK VCTs, they should seek advice from their investment adviser. SPARK does not provide investment or tax advice and nothing in this website shall be construed as investment or tax advice to investors or potential investors.

The past performance of shares in VCTs or investments made by VCTs (together, “Investments”) is not necessarily a guide to the future performance of existing or future Investments.

The value of Investments and the income from them may go down as well as up, in which case an investor may not get back the amount invested.
The share price of a VCT will often not reflect its net asset value.
SPARK VCTs invest mostly in unquoted companies which are small, which by their nature carry an above-average level of risk and whose shares are not readily marketable and therefore may be difficult for the VCT to realise.

There has in the past been very limited liquidity in VCT shares listed on the London Stock Exchange and it may prove difficult to realise such shares.

The tax reliefs available to certain investors under the VCT rules are dependent on a VCT maintaining HMRC approval. If this approval is withdrawn, a VCT will lose its VCT status and all tax reliefs are likely to be cancelled, some with retrospective effect. Investors must hold shares in VCTs for a prescribed minimum period (formerly three, now five years) to qualify for up-front tax relief. Tax rules and regulations are subject to change.

Any person proposing to subscribe for new VCT shares may only do so on the basis of the relevant prospectus and should carefully consider the risk warnings contained in that prospectus. Any intending purchaser of SPARK VCT shares should seek advice from their investment adviser, as stated above.

3. No offer or solicitation

No part of this website is or forms part of any offer, the solicitation of or invitation to make an offer by a SPARK VCT, SPARK Ventures Management Limited or any member of the SPARK group to buy, subscribe for or sell any security or interest.

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4. Proposed Merger

The terms and conditions of the Merger are set out in the SPARK VCT 2 plc prospectus, the SPARK VCT 3 plc scheme circular relating to the Merger and the SPARK VCT 2 plc class 1 circular (Documents). Persons considering the proposals and how to vote in connection with the Merger should only rely on the information contained in the Documents issued by SPARK VCT 2 plc or SPARK VCT 3 plc.