Information Memorandum - Foresight Group
Information Memorandum - Foresight Group
Information Memorandum - Foresight Group
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“Investee Companies” companies in which the Fund invests (and each an “Investee Company”);<br />
“Investment” an investment made through the Fund (together the “Investments”);<br />
“Investor” an individual (and certain trustees) who complete(s) an Application Form which is accepted<br />
by the Fund Manager and so enters into an Investor’s Agreement;<br />
“Investor’s Agreement” an Investor’s agreement to be entered into by each Investor with the Fund Manager, in the<br />
terms set out in Appendix 2 of this <strong>Information</strong> <strong>Memorandum</strong>;<br />
“IPEVC Guidelines” the International Private Equity and Venture Capital Valuation Guidelines from time to time;<br />
“Loss Relief” relief in respect of income tax for allowable losses pursuant to section 131 of the Income<br />
Tax Act;<br />
“Nominee” <strong>Foresight</strong> Fund Managers Limited (a wholly owned subsidiary of the Fund Manager) or<br />
such other nominee as may be appointed by the Fund Manager from time to time to be the<br />
registered holder of Investments;<br />
“Portfolio” the portfolio of Investments and cash held by the Investor through the Fund;<br />
“Readily Realisable Investment” a government or public security denominated in the currency of the country of its issuer<br />
or any other security which is admitted to official listing on an Exchange in an EEA State,<br />
regularly traded on or under the rules of such an Exchange, or regularly traded on or under<br />
the rules of a recognised investment exchange or (except in relation to unsolicited realtime<br />
financial promotions) designated investment exchange, or a newly issued security which<br />
can reasonably be expected to fall within the above categories when it begins to be<br />
traded (this term does not include AIM or PLUS traded investments, nor does it include<br />
unlisted securities);<br />
“Receiving Agent” The City Partnership (UK) Limited of Thistle House, 21 Thistle Street, Edinburgh, EH2 1DF or<br />
such other receiving agent as may be appointed by the Fund Manager from time<br />
to time;<br />
“Renewable Obligation” the obligation on UK energy suppliers to source a specified proportion of the electricity that<br />
they supply to their customers from renewable sources;<br />
“Renewable Obligation Certificates” the certificates issued to renewable energy generators based on the amount of eligible<br />
or “ROCs” renewable electricity they generate;<br />
“RO Scheme” a financial mechanism legislated by the UK Government which incentivises deployment<br />
of large-scale renewable electricity generation through the sale of Renewable Obligation<br />
Certificates by accredited generators to UK energy suppliers;<br />
“Services” the services provided under Clause 4 of the Investor’s Agreement;<br />
“Shares” shares in an Investee Company subscribed for by the Fund on behalf of Investors;<br />
“Solar Power Plant” a system of solar panels which generates electricity from solar irradiation;<br />
APPENDIX 3: GLOSSARY<br />
“Subscription” a cash subscription to the Fund by way of an Application Form pursuant to clause 3 of the<br />
Investor’s Agreement;<br />
“Tax Advantages” the various tax advantages, including EIS Relief, arising from Investments in Shares in EIS<br />
Qualifying Companies;<br />
“Three Year Period” the period beginning on the date the Shares in an Investee Company are issued and<br />
ending three years after that date, or three years after the commencement of the Investee<br />
Company’s trade, whichever is later;<br />
“VCT” a company satisfying the requirements of Chapter 3 of Part 6 of the Income Tax Act for<br />
venture capital trusts.<br />
FORESIGHT SOLAR EIS FUND 3<br />
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