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Tellworth British Recovery & Growth Trust plc

Investing in the best of British

Tellworth British Recovery & Growth Trust plc

Investing in the best of British

Downloads

Further information on the Company can be found in the Prospectus, Key Information Document and the Flyer available to download below:

How to invest

You can invest in the Company via a number of online platforms:

Please be aware that by using these links you are leaving the website and as such, we are not responsible for the content.

Further details

If you are a private investor, please contact tbrgtplc@tutman.co.uk for all enquires.

For professional investors, please contact our sales team:

Helme Harrison
helme.harrison@bennbridge.com

07966 930085

Sarah Lynde
sarah.lynde@bennbridge.com

07866 226276

Risks

There is no guarantee that the Company’s investment objective will be achieved or provide the long-term total returns sought by the Company.

The Company is a newly formed company with no operating results, financial statements or current investments. As the Company lacks an operating history, investors have no basis on which to evaluate the Company’s ability to achieve its investment objective or implement its investment strategy and provide a satisfactory return.

The Company’s portfolio will be managed in particular by three investment executives within Tellworth Investments (being Paul Marriage, John Warren and Johnnie Smith, the Lead Portfolio Managers) who have direct responsibility for portfolio selection. In the event any of these investment executives are no longer involved in the management of the Company’s portfolio, this may result in the performance of the Company or its shares being adversely affected.

The Company is reliant upon the provision of services by third party service providers in order to carry on its business, and a failure by one or more service providers could materially disrupt the business of the Company or impact detrimentally on its investment performance.

The past performance of investments managed by Tellworth Investments, Paul Marriage, John Warren and Johnnie Smith is not necessarily indicative of future performance.

The underlying investments comprised in the Company’s portfolio will be subject to market risk. The Company seeks to achieve its investment objective by constructing a portfolio consisting principally of UK listed equities. The prices of equity investments may be volatile and are affected by a wide variety of factors many of which can be unforeseen and are outside the control of the investee company and the Investment Manager. These price movements could result in significant losses for the Company which would impact the returns to shareholders and the ability of shareholders to realise their investments.

The Company may invest in smaller capitalisation companies. As smaller companies do not have the financial strength, diversity and resources of larger companies, they may find it difficult to operate in periods of economic slowdown or recession. The small capitalisation of such companies could also make the market in their securities less liquid and, as a consequence, their prices more volatile than investments in larger companies.

The Company may make use of derivative instruments, such as options and warrants, for the purposes of efficient portfolio management as well as for investment purposes within the limits set by the Directors. Derivative instruments can be highly volatile and expose investors to a high risk of loss. The low initial margin deposits normally required to establish a position in such instruments permit a high degree of leverage. As a result, depending on the type of instrument, a relatively small movement in the price of the underlying securities may result in a profit or loss which is high in proportion to the amount of funds actually placed as initial margin and may result in further loss exceeding any margin deposited. In addition, daily limits on price fluctuations and speculative position limits on exchanges may prevent prompt liquidation of positions resulting in potentially greater losses. Where the Company enters into derivative transactions, it will be exposed to the risk that the counterparty may default on its obligations to perform under the relevant contract.

The Company may seek to enhance investment returns by using gearing in the form of derivatives and/or borrowings. Whilst gearing should enhance the total return on the shares where the return on the Company’s underlying assets is positive and exceeds the cost of the gearing, it will have the opposite effect where the return on the Company’s underlying assets is at a lower rate than the cost of the gearing, reducing the total return on the shares. As a result, gearing may increase the volatility of the Net Asset Value per share. It is intended that CFDs will be used by the Company for gearing purposes.

The Company intends that the majority of its investments will be in quoted companies. The Company may also make investments in unquoted companies in accordance with its investment policy and the Company may become invested in unquoted companies as a result of corporate actions or commercial transactions undertaken by quoted companies. Investments in unquoted companies may not be readily realisable. In addition, these investments may not have readily ascertainable market prices and may have reported valuations that differ from their true and actual realisable value. Valuations can be subject to significant fluctuations. Therefore, there is a risk that the Company may be carrying its investment in such a company in its books at an incorrect value, which value may be significantly lower than the actual value the Company is able to realise for such an investment and this would have an adverse impact the Net Asset Value of the Company.

The market value of, and the returns derived from, the shares may go down as well as up and an investor may not get back the amount invested. The market price of the shares may fluctuate independently of their underlying Net Asset Value and may trade at a discount or premium to Net Asset Value at different times. The Directors are under no obligation to effect repurchases of shares. Shareholders wishing to realise their investment in the Company may therefore be required to dispose of their shares in the market. Although the shares will be listed on the Official List and admitted to trading on the Main Market, there may not be a liquid market in the shares and shareholders may have difficulty selling them.

Despite admission to trading on the London Stock Exchange the shares may not be liquid in stressed market conditions, and shareholders/ investors may not be able to sell their shares, or sell them at a time or at a price desired.

 

Disclaimer

Investors should only subscribe for the shares referred to in this website on the basis of information contained in the prospectus published by Tellworth British Recovery & Growth Trust plc (the “Company”). You should read the prospectus in its entirety before investing, and in particular the risk factors set out therein. A copy of the prospectus is available here. Tellworth Investments LLP (“Tellworth”) is an appointed representative of BennBridge Ltd (“BennBridge”), based at Eagle House, 108-110 Jermyn Street, London SW1Y 6EE. BennBridge is a limited company registered in England with registered number 10480050. The registered office is Windsor House, Station Court, Station Road, Great Shelford, Cambridge CB22 5NE. BennBridge is authorised and regulated by the Financial Conduct Authority (FRN: 769109).

The prospectus, Key Information Document, EMT and flyer are directed only at persons in the United Kingdom and should not be released, published or distributed in any jurisdiction in which doing so could be unlawful. Persons who are not resident in the United Kingdom should inform themselves about and observe the applicable legal and regulatory requirements of any relevant jurisdiction(s). If you are in any doubt as to your position, you should consult your professional adviser without delay.

The value of investments may go up as well as down. Past performance is not a guide to future performance.

An investment in the Company should be considered only as part of a balanced portfolio. Under no circumstances should this information be considered as an offer or solicitation to deal in investments.

In particular the Company’s shares have not been and will not be registered under the US Securities Act of 1933, as amended (the “Securities Act”), or with any securities regulatory authority of any state or other jurisdiction of the United States. The Company’s shares may not be offered, sold, resold, pledged, delivered, distributed or otherwise transferred, directly or indirectly, into or within the United States, or to, or for the account or benefit of, US persons (as defined in Regulation S under the Securities Act). No public offer of the Company’s shares is being made in the United States. The Company has not been and will not be registered under the US Investment Company Act of 1940 (the “Investment Company Act”) and, as such, holders of the Company’s shares will not be entitled to the benefits of the Investment Company Act. No offer, sale, resale, pledge, delivery, distribution or transfer of the Company’s shares may be made except under circumstances that will not result in the Company being required to register as an investment company under the Investment Company Act.