Page 76 - Praetura EIS 2019 Information Memorandum
P. 76
Definitions
EuVECA Manager Conducts the business of an AIFM under EuVECA regulations as a European Venture Capital Manager
FCA Financial Conduct Authority
FSMA Financial Services and Markets Act 2000
Fund Praetura EIS 2019 Fund
Fund Manager Rudolf Wolff Limited
Gross Value Added (GVA) The measure of the value of goods and services produced in an area, industry or sector of an economy.
HMRC HM Revenue & Customs
Information Memorandum (“IM”) This Information Memorandum issued in relation to the Fund
Intermediary A person/company who arranges the investment for the Investor
Initial Fee Set up fee deducted from the Investor’s Subscription
Investee Company/Investee Companies Companies in which the Fund invests
“Investor”, “you”, “your” A person whose application is accepted and who becomes an investor in the Fund
Investment An investment made through the Fund
IPO Initial public offering
IHT Inheritance tax
IRR The internal rate of return on investments calculated in accordance with BVCA Guidelines
ITA The Income Tax Act 2007
Knowledge Intensive Company Knowledge Intensive Companies are those that spend a certain proportion of their cost base on research and development or innovation. Additionally, they need to meet either an innovation
condition or a skilled employee condition.
