About this Website

This Website has been issued and approved in the UK by Winterflood Securities Ltd ("WINS"), a Member Firm of the London Stock Exchange, regulated by Financial Services Authority ("FSA") for the conduct of investment business in the UK and incorporated in the UK with limited liability.

Information on this Website

Before entering into an agreement in respect of an investment referred to on this Website, you should consult your own investment advisers as to its suitability for you and should understand that statements regarding future prospects may not be realised.
All material on this Website is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing on this Website constitutes professional and/or financial advice nor does any information on this Website constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. Information on this Website may not be accurate or current. In particular (but without limitation) information may be rendered inaccurate by changes in applicable laws and other regulations.

Information on this Website may or may not have been prepared by WINS, but is made available without responsibility on the part of WINS, who neither assumes nor accepts any responsibility or liability (including for negligence) in relation thereto. No action should be taken or omitted to be taken in reliance upon information on this Website. None of the above shall be taken to exclude liability for fraud or for negligence causing death or personal injury.

The prices of the investments referred to on this Website and the income from them may go down as well as up and investors may realise losses on them. Investments denominated in foreign currencies are exposed to changes in exchange rates which may have a negative as well as a positive effect on their value. Past performance is not indicative of future results. Levels and bases of taxation may change. In the case of investments for which there is no recognised market it may be difficult for investors to sell their investments or to obtain reliable information about its value or the extent of the risk to which it is exposed.

WINS reserves the right to change the information available on this Website without notice. WINS expressly disclaim any obligation to keep the information on this Website up-to-date, free of errors or viruses or to maintain uninterrupted access. WINS may stop producing or updating any part of this Website without notice.

General

Access to and use of this Website is at your own risk. WINS do not warrant that the use of our Website or any material downloaded from it will not cause damage to any property, including but not limited to loss of data or computer virus infection. WINS will bear no responsibility or liability for your use of any third party vendor's software, products, services or equipment in connection with your access and use of this Website.

Nothing on this Website constitutes or forms a part of any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities or other financial instruments, nor should it or any part of it form the basis of, or be relied upon in any connection with any contract or commitment whatsoever.

WINS does not conduct investment business in the United Kingdom with private customers and accordingly services and products mentioned or referred to in any advertisements on this site are not available to such persons via WINS. You are required to acquaint yourself with any local laws and restrictions on the usage of this site and the availability of any services described therein. This website is not directed at, or intended for distribution to or use by, any U.S. citizen, person, or entity that resides in or is located in the in the United States of America or any other jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation which would subject WINS to any registration or licensing requirements with such jurisdiction. Services are not available to U.S. persons except where such services are permitted under SEC rule 15a6 or other relevant exemptions from SEC Broker/Dealer registration requirements.

All electronic communications with the Company may be monitored in the UK in accordance with the UK Regulation of Investigatory Powers Act, Lawful Business Practice Regulations, 2000.

WINS and its affiliates and/or their officers, directors and employees may have positions in any securities mentioned on this website (or in any related investment) and may from time to time add to or dispose of any such securities (or investment). WINS and its affiliates may act as market maker or have assumed an underwriting commitment in the securities of companies discussed on this website (or in related investments), may sell them to or buy them from customers on a principal basis and may also perform or seek to perform investment banking or underwriting services for or relating to those companies. Nothing herein excludes or restricts any duty or liability to a customer which WINS has under the Financial Services & Markets Act 2000 or under the Rules of FSA. A recipient who chooses to deal with any person who is not a representative of WINS in the UK will not enjoy the protections afforded by the UK regulatory regime.

Research on this Website

Research on this website has been issued for the information of Customers (as defined in the Rules of the Financial Services Authority) of WINS. The terminology used within the research reports is intended for professional investors. Research reports are not intended to provide the sole basis for any evaluation of an investment decision.

Each research report in these web pages must be read in conjunction with any disclaimer which forms part of it. Your attention is drawn to the date of issue of the information provided and of the opinions expressed therein. Any opinions are those of the WINS investment trust research team and are subject to change without notice and WINS is not under any obligation to update or keep current the information contained herein. The material on this site is based on information obtained from sources believed to be reliable but which have not been independently verified and are not guaranteed as being accurate.

Copyright or Other Notices

WINS is, unless otherwise stated, the owner of copyright and database right in this website and its contents. Except for personal use only (which shall include saving to an individual storage medium and printing such extracts from this site as are necessary for such personal use), or as permitted by the Copyright Designs and Patents Act 1988 or the Copyright and Rights in Databases Regulations 1997 as applicable, no part of this website may be published, distributed, extracted, re-utilised, or reproduced in any material form (including photocopying or storing it in any medium by electronic means and whether or not transiently or incidentally to some other use of this website). WINS reserves the right at any time at its discretion to withdraw or modify the permissions set out above. The above permissions do not apply to any content supplied by third parties, for which you should apply to the relevant content owner for their permission.

Use of Links

Should the viewer leave this site via a link contained herein, and view content that is not provided by WINS, the viewer does so at its own risk. The content to which you link will not have been developed, checked for accuracy, or otherwise reviewed by WINS. WINS is not responsible for damages or losses caused by any delays, defects or omissions that may exist in the services, information or other content provided in such site, whether actual, alleged, consequential or punitive. WINS makes no guarantees or representations as to, and shall have no liability for, any electronic content delivered by any third party, including, without limitation, the accuracy, subject matter, quality or timeliness of any electronic content.