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Messels Limited (“Messels”) is authorised and regulated in the conduct of investment business in the United Kingdom by the Financial Conduct Authority. Our services are distributed by Messels and are provided for information purposes only. Under no circumstances is the research content of this website (“the Research”) to be relied upon as constituting personal investment advice or construed as any offer to sell, or any solicitation of any offer to buy investments. While all reasonable care has been taken to ensure that the research published by Messels is not untrue or misleading at the time of publication, neither Messels nor its officers or employees makes any representation or warranty as to the accuracy or completeness of such materials. No liability is accepted for any loss whether direct or indirect, incidental or consequential, arising out of any of the research not being true and accurate except to the extent caused by the wilful default or gross negligence of Messels or its employees or which arises under the United Kingdom Financial Services and Markets Act 2000. All research on the Messels websites is believed to be up-to-date at the time it is posted, but is subject to variation without notice.

From time to time Messels and any of its officers or employees may, to the extent permitted by law, have a position or otherwise be interested in any transactions in investments (including derivatives) directly or indirectly the subject of our research. Also Messels may from time to time provide other services (including acting as adviser) to any company mentioned in our research.

The value of shares and other investments and the income derived from them may go down as well as up, and you may not get back the full amount you originally invested. Derivatives in particular are high risk investment instruments which carry a contingent liability, the value of which may be affected by a greater proportion than the change in the value of the underlying investment or asset. If you make an investment in securities that are denominated in a currency other than your own you are warned that changes in rates of foreign exchange may have an adverse effect on the value, price or income of the investment in your own currency. Any persons in doubt as to whether the investments referred to in our research material may be suitable for them, should consult an independent financial adviser.

The content of this website is protected by copyright and other intellectual property rights or similar rights, which unless indicated otherwise are the property of Messels. Except for permission to download a single copy for personal use, the research published by Messels may not be reproduced, distributed or published in whole or in part by any recipient for any purpose, without the prior express consent of Messels.

Neither Messels nor its employees officers or agents accepts any responsibility for the accuracy of any information contained within or otherwise the operation of any sites provided by third parties who at any time have links to or from Messels’s website pages. No liability is accepted for any loss, whether direct or indirect, incidental or consequential, arising from any visit or access to such third party site or the downloading from such site of any information, materials or software.

Whilst certain software may be made available to you from time to time at the Messels website, you are licensed to use such software on a non-exclusive basis only for the purposes specified. You are not permitted to use such software for any other purposes and may not redistribute, sell, decompile, reverse engineer, disassemble or otherwise deal with such software.

The “Messels” name and other trade marks and logos appearing on Messels websites are, unless indicated otherwise, the trade marks of Messels. All intellectual property rights in and to the same site expressly reserved to Messels or (as the case may be) the organisation which has licensed Messels to reproduce the same and accordingly none of the trade marks may be reproduced by you without the express prior consent of Messels.

Messels may from time to time send you promotional and other information about its products or services. In addition, Messels may pass your name on to carefully selected third parties who may contact you with similar or related information. If you would rather not receive the above information either telephone Tim Parker or email us.

Access to this website is not open to persons who are resident in or nationals of any territory outside the United Kingdom (“overseas persons”) where to allow such access would require any registration, filing or other steps to be taken by Messels in order to comply with local laws or other regulatory requirements. It is the responsibility of overseas persons to ensure there will be no breach of any such laws or regulatory requirements by reason of their choosing to access and/or download information from this and other Messels websites. This website is hosted in the United Kingdom and compiled in order to comply with English law. All visits to this website are subject to and governed in accordance with English law.

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