logo
← Back to RNS Announcements

APPOINTMENT OF AIFM & DEPOSITARY

The Company announces that it has entered into arrangements necessary to ensure compliance with the AIFMD. The Company's Board of Directors ("the Board") approved the appointment of SV Life Sciences Managers LLP as the Company's Alternative Investment Fund Manager ("AIFM") with effect from 21 July 2014, following the authorisation of SV Life Services Managers LLP as an AIFM by the UK's Financial Conduct Authority on 16 July 2014. The appointment is on the terms and subject to the conditions of an amended and restated investment management agreement with SV Life Sciences Managers LLP, the existing Investment Manager of the Company. The appointment is on the same commercial terms as the previous agreement but is also compliant with the new AIFMD regulatory regime. The arrangements in respect of the investment management and performance fee are unchanged.

Published on 21st July 2014

Science background with molecule or atom Abstract structure for Science or medical background
Science background with molecule or atom Abstract structure for Science or medical background

Disclaimer

The information on this website may only be suitable for certain types of investors and is not intended to be used or relied upon by any other person.

An investment with IBT may contain significant risks and is intended only for sophisticated investors who meet certain eligibility criteria.

The material on this website is intended to be viewed only by persons resident in the UK.

The information on this website is not an offer to sell or a solicitation of an offer and does not constitute investment advice.

No representation, warranty or undertaking, express or implied, is given as to the accuracy or completeness of the information or opinions contained therein.

The information on this website may constitute financial promotion for the purposes of the Financial Services and Markets Act 2000 (“FSMA”).


I do not accept →