Page 78 - IM - Praetura Ventures 2019 EIS Fund
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Definitions
Performance Fee A 20% fee charged by the Manager once the cumulative Fund performance has achieved a hurdle rate of 30% growth plus the capital deployed
Portfolio The monies an Investor subscribes to the EIS Fund plus all investments made through the relevant fund which are allocated to an Investor and registered in the name of the Nominee on their behalf,
and which are subscribed out of such monies plus all income and capital profits arising thereon
Private Equity (PE) Private equity is composed of funds and investors that directly invest in private companies, or that engage in buyouts of public companies, resulting in the delisting of public equity
Praetura Ventures Praetura Ventures Limited is a company incorporated in England and Wales with the company number 11439791
Principal Firm Rudolf Wolff is the principal firm and is authorised and regulated by the Financial Conduct Authority. Firm reference number 468022
Qualifying Companies Companies that qualify under EIS
Relevant Shares Shares in which the Fund has invested if and for so long as neither a claim for EIS tax relief made in accordance with Chapter 5, part 5 of the ITA has been disallowed nor an assessment has been
made pursuant to Section 235 of ITA withdrawing or refusing relief by reason of the company in which the shares are held ceasing to be an EIS-qualifying Company
Retail Client A client who is neither a professional client nor an eligible counterparty
Services The services provided under the Investor’s Agreement
Shares Equity shares in an Investee Company subscribed for by the Fund on behalf of Investors
SME Small and Medium enterprise
Subscription The amount of cash invested or committed to the Fund by an Investor at any one time, pursuant to the Application Form (excluding any Intermediary or independent advisor fees payable)
Tax Advantages he various tax advantages, including EIS relief, arising from subscriptions for Shares in EIS-qualifying Companies
Terms & Conditions The terms and conditions of an investment set out in the applicable Investment Agreement
