Please read this important information before confirming that you have understood the risks associated with Ventus VCT plc and Ventus 2 VCT plc (the Ventus Funds), by scrolling to the tick box at the foot of this section.
The contents of this website have been issued and approved for the purposes of section 21 of the Financial Services and Markets Act 2000 by Temporis Capital Limited, a firm which is authorised and regulated in the UK by the Financial Conduct Authority (FRN 763725).
The information on this website relates to Ventus VCT plc and Ventus 2 VCT plc (the Ventus Funds) which are managed by Temporis Capital Limited (Temporis Capital).
The material on this website is provided for your general information about the Ventus Funds. It does not constitute an offer to sell or the solicitation of an offer to buy any investment. Nor does it constitute the giving of investment advice.
The investment referred to in this website is not suitable for all investors. No information detailed should be construed as advice to you on the suitability or otherwise of this investment, such suitability depending on all the circumstances of the person concerned. The information provided does not constitute investment, legal, tax or other advice nor is it to be relied upon in making an investment or other decision. You should obtain relevant and specific professional advice before making any investment decision.
Temporis Capital has taken all reasonable care to ensure that the facts stated in this website are true and accurate in all material aspects.
Illiquidity and loss of capital
Trading in Venture Capital Trust (VCT) shares is not particularly active and consequently the price that you may be offered when you wish to sell your shares may be less than the price at which you bought the shares. Shares typically trade at a discount to their net asset value.
An investment in a VCT should be regarded as a long term investment.
Tax and VCTs
The information contained on this website in relation to the tax benefits from investing in VCTs is based on existing legislation. Changes in the tax rules or changes in the legislation concerning VCTs and, specifically, qualifying holdings and qualifying trades, may limit future investment opportunities by the Ventus Funds and have an impact on future asset values and level of sustainable dividend.
The tax reliefs available to certain investors depend on the Ventus Funds maintaining HM Revenue & Customs approval. If this approval is withdrawn, the Ventus Funds will lose this status and all tax reliefs are likely to be removed.
Investors must retain their VCT shares for five years to retain the up-front income tax relief.
Past performance and projected dividend yields
Past performance of the VCT shares is no indication of future performance. The net asset value of the Ventus Funds is dependent on the performance of the underlying operational companies in the portfolio. Whilst the Boards have each stated objectives to "to achieve a sustainable level of dividends and to protect and enhance the company’s capital", there can be no guarantee that these objectives will be achieved.
David is a graduate in Electrical and Electronic Engineering and has been involved in renewable energy for over 29 years (with 22 years as CEO), starting his career with UK utility company SWALEC. David set up Energy Power Resources (EPR) in 1996 and co-founded Eco2 in 2002. Renewable Energy Projects under David''s management equate to 700MW of capacity and £2.3 billion of funds raised. This saves over 1.75M tonnes of CO2 every year and supplies the equivalent of 1.4 million homes with renewable energy.
David has advised the British Government on a number of expert panels including being a member of the UK Government''s Renewable Advisory Board and currently Chairs the Welsh Government's Energy & Environment Sector Panel.
David has three lifetime achievement awards in respect of his work in renewable energy, including an Honorary Doctorate in recognition of his outstanding contribution to the sector from the University of South Wales and the Ernst & Young Entrepreneur of the Year Award for the London and South Region in 2012. In 2014 David was assessed by the Western Mail as being in the top 35 most influential people on the Welsh Economy.
Jo is a chartered accountant with experience as a non-executive director in a number of companies in the investment trust sector. She is currently a director and audit chairman of Standard Life Equity Income Trust plc, JP Morgan European Investment Trust plc, Strategic Equity Capital Trust plc, BB Healthcare plc and F & C Global Smaller Companies plc, all of which companies are publicly quoted and listed on the London Stock Exchange. She retired as director and chair of the audit committee of Worldwide Healthcare Trust plc in September 2016 and Baring Emerging Europe plc in January 2015. She also stood down from the board of Plutus Powergen plc in June 2016.
Jo spent her early career in the City, including appointments at Shire Trust Limited and the NatWest Group. She has also worked in senior finance roles at Newcastle United plc, Serco Group plc and The Eden Project.
Nicholas' career in finance and business has spanned more than 30 years. Nicholas is a Chartered Accountant, having qualified with Coopers & Lybrand in (1988 - 1992). He worked for Edison Mission Energy, developing and acquiring thermal and renewable energy assets in the UK and Europe (1992 - 1998). Nicholas has extensive project finance and structuring skills having worked for Barclays Capital in the infrastructure and renewables sector (1998 - 2011). In 2011, Nicholas left banking to set up a renewables business, primarily focusing on small scale hydro and wind. He now owns and operates twelve renewable assets. In addition to his finance and sector expertise, Nicholas is a significant shareholder in the Company.
Lloyd's career in finance and business has spanned more than 20 years; most recently as the founder and managing partner of Praxient Capital LLP, an FCA and SEC regulated investment manager. He was the portfolio manager for the Panther Fund strategy (2007-2015) using detailed fundamental research to invest across both equity and debt. Previously, Lloyd was a partner and portfolio manager at Pendragon Capital LLP, managing the Pendragon Excalibur Fund (2003-5). Lloyd has raised more than $500m from investors, delivering significant market outperformance. He gained a first-class degree in architecture from Cambridge before working as a management consultant at Bain & Company. Lloyd has been appointed for both his significant investment management experience and to bring meaningful shareholder representation to the Board.
Jane Tozer brings a lifetime of relevant experience to the Board. She chairs the Audit Committee and is the Senior Independent Director. She and has held similar non-executive positions in numerous high profile listed and unlisted companies including John Lewis Partnership, SurfControl plc and JP Morgan Income & Growth Investment Trust plc. She is currently Senior Independent Director of StatPro Group plc, BMO Global Smaller Companies plc and Nominet Limited. Jane joined the Board having been proposed by the Directors and elected by the Shareholders at the AGM on 8 August 2019.
Chris has had a career as a financial adviser in the City spanning over 30 years, during which time he has provided advice to Boardrooms of both large and small companies across a wide range of sectors, including some 20 FTSE 100 companies. Most recently he was Managing Director at Jefferies Hoare Govett (a division of Jefferies Inc.) specialising in corporate broking and investment banking. Prior to this, he held a similar role at Citigroup. Originally, he trained and qualified as a Chartered Accountant with KPMG.