OAM2681 OVCT 2 Prospectus aw12 - Clubfinance
OAM2681 OVCT 2 Prospectus aw12 - Clubfinance
OAM2681 OVCT 2 Prospectus aw12 - Clubfinance
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INTERMEDIARY COMMISSION<br />
Authorised financial intermediaries will usually be entitled to receive<br />
an initial commission of 2.5% on the amount invested by their client.<br />
Additionally, provided that the intermediary continues to act for the<br />
client and the client continues to be the beneficial owner of the<br />
Ordinary Shares, Octopus VCT 2 will pay intermediaries an annual<br />
trail commission of 0.5% of the initial net asset value for the period<br />
from the relevant allotment of Ordinary Shares to the date of the<br />
annual general meeting in 2016.<br />
HOW TO INVEST<br />
Application forms are attached at the end of this <strong>Prospectus</strong>. The<br />
minimum investment is £3,000. Although there is no maximum size<br />
of investment, tax reliefs are available on a maximum investment of<br />
£200,000 in VCTs per individual in any one tax year.<br />
TYPICAL INVESTOR PROFILE<br />
A typical investor for whom the Offer is designed is a UK higher rate<br />
income taxpayer over 18 years of age with an investment range of<br />
between £3,000 and £200,000 who, having regard to the risk factors<br />
set out at the front of this document, considers the investment policy<br />
as detailed in Part Two of this document to be attractive. This may<br />
include retail, institutional and sophisticated investors and high net<br />
worth individuals who already have a portfolio of non-VCT<br />
investments. Investment in a VCT may not be suitable for all investors<br />
and should be considered as a medium to long term investment.<br />
Before deciding whether to apply for Ordinary Shares under the<br />
terms of the Offer you are recommended to consult a duly<br />
authorised independent financial adviser.<br />
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