Archive for April, 2003

Update

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We are pleased to announce that Anne Mc Ivor has agreed to join Techinvest to boost our research capability and to assist in the running and management of the CF Techinvest Technology Fund. Anne has a BSSc in Sociology and Politics from Queens University, Belfast and a MSc. (Econ) in Development Management from the London School of Economics.

She has spent the best part of 17 years in the City, most of the time as an Investment Analyst, with a focus on European equities, at several well-known stockbrokers . In more recent times, Anne’s focus has been on smaller companies, most with a strong technology flavour, and as a contributor to investment publications, both hard copy and on line

Update

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Launch date for the fund has been set for Tuesday April 29. This will be followed by a 21 day initial offer period when the price will be held fixed at 100p per share. On top of that there will be a Preliminary Charge of 2%, reduced for the period from the normal 5%.

Just before this, we plan to mail to all subscribers a copy of the Key Features Document which will contain a summary of the fund details and full information, including an application form, on how to subscribe to the fund. ISA and savings plan information will also be included. The Key Features Document will also be available online.

The minimum lump sum invested is £1000. All payments must be in sterling and made out to Capita Financial Managers Ltd, whose address in 88 Borough High Street, London SE1 1ST.

After the close of the initial offer period, the fund will be valued weekly. The price will be determined by the value of the underlying assets and will be published daily in the Financial Times. Investors should therefore note that this price can go down as well as up.

Update

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We are pleased to announce the appointment of Keith Woolcock as consultant to the CF Techinvest Technology Fund.

Keith has over 20 years experience in the technology sector, both as a press commentator and as an analyst with several stockbrokers. Most recently, he was head of the Technology research team in the London offices of leading Japanese investment bank Nomura.

Keith is well known in the media and amongst fund managers for his robust incisive views and is highly respected for his prescience in identifying core trends and emerging themes in the communications and computer sectors and their impact on companies.

We have known Keith for almost 20 years and are delighted to have secured his services for the benefit of the fund.

Update

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We have just been informed by the fund operator, Capita Financial Managers, that authorisation has been received for the fund which has been titled CF Techinvest Technology Fund. This means that the last major regulatory hurdle has now been cleared.

We have therefore initiated the process of completing the offer documentation with a view to launching the fund by the end of April. We anticipate this will be followed by an initial offer period of up to 21 days when the price will be held, which it is intended will include a reduction from 5% to 2% in the Preliminary Charge.

It is our intention to send each subscriber by post a copy of the relevant offer material. Please continue to monitor this site for further information as we approach the start of the offer period.

The price of shares can go down as well as up. The past is not necessarily a guide to future performance. Techinvest is regulated by the Central Bank of Ireland.
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