According to Article 43a of the Directive 2011/61/EU of 8 June 2011 on Alternative Investment Fund Managers, as amended by Directive (EU) 2019/1160 of 20 June 2019 with regards to cross-border distribution of collective investment undertakings, Crown Alpha plc (the “Company”) makes available, in each Member State where it intends to market its Shares, facilities to perform the following tasks listed from a) to f).
Please note that in case of discrepancy, the conditions set out in the Prospectus of the Company shall prevail. The below has an informative purpose only and is provided pursuant to Article 43a of the Directive 2011/61/EU of 8 June 2011, as amended by Directive (EU) 2019/1160 of 20 June 2019.
Defined terms used within this document, and which are not otherwise defined within this document, shall have the same meaning as assigned within the Prospectus of the Company.
As set out in the Prospectus of the Company, BNP Paribas Fund Administration Services (Ireland) Ltd (the “Administrator”) will process all subscription and redemption orders from investors and make other relevant payments to investors, in respect of the Company.
BNP Paribas Fund Administration Services (Ireland) Limited
Termini, 3 Arkle Road,
Sandyford
Dublin 18, D18 T6T7
Ireland
LGTDealing@bnpparibas.com
Issue of Shares
Details relating to the initial and subsequent subscriptions of Shares in a Class, including the Initial Subscription Day, the Initial Subscription Price, the minimum transaction size for subsequent subscriptions, if any, and the settlement terms, are set out in the relevant Supplements to the Prospectus of the Company.
Applicants for Shares must certify that they meet the Qualifying Investor criteria as set out in the AIF Rulebook and that they are aware of the risk involved in the proposed investment and of the fact that inherent in such investments is the potential to lose all of the sum invested.
Applications for subscriptions should be made on the Share Application Form and Subscription Agreement and delivered to the Administrator at BNP Paribas Fund Administration Services (Ireland) Limited, Termini, 3 Arkle Road, Sandyford, Dublin 18, D18 T6T7.
Please refer to the Prospectus, in particular Section 3: “Subscription, Redemption, Conversion and Transfer of Shares” as well as to the Sub-Fund and Class Supplement related to the relevant Sub-Fund and Class.
Subsequent applications for Shares may be made to the Administrator by letter, by email or facsimile, or by using an established electronic dealing platform, without a requirement to submit the original documentation.
Please refer to the Prospectus, in particular Section 3: “Subscription, Redemption, Conversion and Transfer of Shares” as well as to the Sub-Fund and Class Supplement related to the relevant Sub-Fund and Class.
Subsequent applications for Shares will only be accepted electronically, provided that all anti-money laundering documentation has been received and the applicant has accepted the terms and conditions of use of such service. Any change to a Shareholder’s registration details or payment instructions as recorded on such electronic dealing platform must also be received in writing in original form.
Please refer to the Prospectus, in particular Section 3: “Subscription, Redemption, Conversion and Transfer of Shares” as well as to the Sub-Fund and Class Supplement related to the relevant Sub-Fund and Class.
Minimum Subscription
The Minimum Initial Subscription Amount for each investor shall be as set forth in the relevant Class Supplement, but in any case, will not be less than €100,000 or its foreign currency equivalent. There is no minimum transaction size for subsequent subscriptions from investors who have already subscribed for the Minimum Initial Subscription Amount unless otherwise specified in the relevant Class Supplement to the Prospectus of the Company.
Please refer to the Prospectus, in particular Section 3: “Subscription, Redemption, Conversion and Transfer of Shares” as well as to the Sub-Fund and Class Supplement related to the relevant Sub-Fund and Class.
Subscription Deadline
The signed original Share Application Form and signed original Subscription Agreement must be received by the Administrator on or prior to the close of business on the Subscription Deadline Date. If the Subscription Deadline Date is not a Business Day, the Share Application Form and Subscription Agreement must be received by the Administrator on the prior Business Day.
Full payment for the Shares in respect of which the Share Application Form and Subscription Agreement are submitted must be received by the Administrator prior to the relevant Subscription Payment Day, failing which the application will be held over until the next following Subscription Day unless otherwise determined by the Directors.
Subscription Days and Subscription Deadlines relating to each Sub-Fund are specified in the relevant Sub-Fund and Class Supplement to the Prospectus for the Sub-Fund and Class you selected.
Subscription Price
Investors should note that the Subscription Price may result in Shares being issued at a price which is higher than the Net Asset Value per Share as the Subscription Price may include provisions for Duties and Charges or the application of an Anti-Dilution Levy. Potential shareholders should therefore note that the cost paid for Shares could exceed their value on the day of issue.
Please refer to the Prospectus, in particular Section 3: “Subscription, Redemption, Conversion and Transfer of Shares” as well as to the Sub-Fund and Class Supplement related to the relevant Sub-Fund and Class.
Payment for Shares
Full payment for the Shares in respect of which the Share Application Form and Subscription Agreement must be received by the Administrator before the close of business at least such number of Business Days prior to the relevant Subscription Day as may be specified in the Class Supplement of a Sub-Fund, failing which the application will be held over until the next following Subscription Day, unless otherwise determined by the Directors. Subscription monies may be transferred from the segregated account into the Funds operating account upon receipt and in advance of the dealing day.
Details relating to the initial and subsequent subscriptions of Shares in a Class, including the Initial Subscription Day, the Initial Subscription Price, the minimum transaction size for subsequent subscriptions, if any, and the settlement terms, are set out in the relevant Class Supplements to this Prospectus.
Please refer to the Prospectus, in particular Section 3: “Subscription, Redemption, Conversion and Transfer of Shares” as well as to the Sub-Fund and Class Supplement related to the relevant Sub-Fund and Class.
Investors should note that the Subscription Price may result in Shares being issued at a price which is higher than the Net Asset Value per Share as the Subscription Price may include provisions for Duties and Charges or the application of an Anti-Dilution Levy. Where disclosed in the relevant Class Supplement, the Directors are entitled to implement an Anti-Dilution Levy in respect of a Sub-Fund or Class.
Shareholders may be subject to a sales commission calculated as a percentage of subscription monies as specified in the relevant Class Supplement subject to a maximum of 3% of the amount subscribed, which fee will be levied in favour of distributors or sub-distributors. Such commission may be charged as a preliminary once off charge or as an annual commission payable over the term of the investment by a Shareholder in a Sub-Fund or Class. The Directors reserve the right to reduce or waive any sales charge and may distinguish between applicants for Shares accordingly. Any such commission shall be payable to any distributors or sub-distributors that may be appointed for and on behalf of the Company.
Please refer to the Prospectus, in particular Section 6: “Fees and Expenses” and to the Sub-Fund and Class Supplement to the Prospectus related to the relevant Sub-Fund and Class.
For those Sub-Funds that permit redemptions, Shares (not being Side Pocket Shares or a Liquidating Side Pocket Class as described, where applicable, in the relevant Class Supplement) may be redeemed, at the request of a Shareholder, with respect to any Redemption Day. Shareholders may request a redemption by completing and forwarding a redemption request form to the Administrator by post, email or facsimile (provided the original Share Application Form and Subscription Agreement and supporting documentation in relation to money laundering prevention checks has been received).
The Minimum Redemption Amount (if any) representing the minimum value of Shares which may be redeemed in any one redemption transaction is specified in the relevant Shares Supplement. For additional restrictions on redemption please see the Section “Liquidity Policy” in the Prospectus.
Signed original redemption request forms should be received by the Administrator no later than the Redemption Deadline. Where redemption request forms are forwarded by facsimile or email, the signed original redemption request form must be forwarded by post to and received by the Administrator within seven Business Days of the date of the facsimile or email redemption request being received by the Administrator. Redemption orders will be processed on receipt of faxed or emailed instructions only where payment is made to the account of record.
Any redemption request will be processed with respect to Redemption Days at the Redemption Price for the relevant Sub-Fund or Class. The Redemption Price per Share may be lower than the Net Asset Value per Share on the relevant Dealing Day due to the effect of Duties and Charge and/or the application of an Anti-Dilution Levy. Shareholders should therefore note that the amount received for Shares redeemed could be lower than their stated value on the day of redemption.
Subject to receipt by the Company of all documentation requested at the time of application for Shares and any contrary provision in the relevant Class Supplement, the redemption proceeds will normally be dispatched in the Base Currency, if a Sub-Fund has no classes of shares, or in the Class Currency otherwise and wired by telegraphic transfer to the bank account designated by the Shareholder at the time of initial application and within such time as is set out in the relevant Supplement.
Please refer to the Prospectus, in particular Section 3: “Subscription, Redemption, Conversion and Transfer of Shares” as well as the Sub-Fund and Class Supplement to the Prospectus related to the relevant Sub-Fund and Class.
Redemption Price means the price at which Shares may be redeemed on any Redemption Day, being the Net Asset Value per Share at the relevant Redemption Day less an amount, as may be determined by the Directors, to reflect; (i) Duties and Charges; and/or (ii) an Anti-Dilution Levy. The Redemption Price is available to Shareholders upon request.
Any redemption request will be processed with respect to Redemption Days at the Redemption Price for the relevant Sub-Fund or Class. The Redemption Price per Share may be lower than the Net Asset Value per Share on the relevant Dealing Day due to the effect of Duties and Charge and/or the application of an Anti-Dilution Levy. Shareholders should therefore note that the amount received for Shares redeemed could be lower than their stated value on the day of redemption.
Please refer to the Prospectus, in particular Section 6: “Fees and Expenses” and to the relevant Sub-Fund and Class Supplement to the Prospectus for the relevant Sub-Fund and Shares.
Subject to any provisions to the contrary in the relevant Supplement, redemption proceeds, net of all expenses, will be paid by wire and proceeds from redemption of shares will normally be dispatched to Shareholders in the designated currency of the relevant Sub-Fund or Shares or such other currency or currencies as the Directors shall have determined as appropriate and shall, under normal circumstances, be paid either (a) for Shares of Open-Ended Funds within 95 calendar days from the relevant redemption request deadline or such earlier day as may be specified in the relevant Sub-Fund Supplement or (b) for Closed-Ended Funds (if applicable), within such time as shall be set out in the relevant Supplement for the Sub-Fund with respect to which the redemption is effective or (c) for Open-Ended Funds with Limited Liquidity, within such time as may be set out in the relevant Supplement for the Sub-Fund or (d) for Limited Liquidity Sub-Funds, within such time as may be set out in the relevant Supplement for the Sub-Fund.
Please refer to the Prospectus, in particular Section 3: “Subscription, Redemption, Conversion and Transfer of Shares” as well as the Sub-Fund and Class Supplement for the relevant Sub-Fund and Class.
LGT Capital Partners Ltd.
Schützenstrasse 6
CH-8808 Pfäffikon
Liquid Strategies & Investment Structuring (LSIS)
lgt.cp.ls-legal@lgtcp.com
You are investing in Shares of the Company, an umbrella type investment company with variable capital and segregated liability between Sub-Funds incorporated with limited liability authorised by the Central Bank of Ireland pursuant to the provisions of Part 24 of the Companies Act, 2014, with registered number 396746.
A Sub-Fund may be established as either a Closed-Ended Fund, an Open-Ended Fund, an Open-Ended Fund with Limited Liquidity or a Limited Liquidity Fund. The Sub-Funds of Crown Alpha plc may invest in hedge funds and funds of hedge funds which are engaged in alternative investments and use alternative investment techniques, the risk of which are not comparable to those of traditional investment funds. The investment objective for each Sub-Fund shall be determined by the Directors at the time of establishment of the relevant Sub-Fund and set out in the relevant Class Supplement.
Please refer to the Prospectus, in particular Section: “Summary” and Section 1: “The Company” as well as the Sub-Fund and Class Supplement for the relevant Sub-Fund and Shares.
An investment in the Shares entails substantial risks. Such an investment should be regarded as highly speculative in nature and should be undertaken only by investors capable of evaluating the risks of the investment including the risk of a loss of all of their investment in the Shares. It should not be assumed that an investment in the Shares will be profitable or that the future performance of the Shares will equal the past performance of other investment vehicles managed by an investment manager and/or affiliates thereof. Prospective investors should carefully consider the risks involved including, but not limited to, those set forth below. The discussion of risk factors below does not purport to be a complete explanation of the risks involved in investing in the Company or any particular Sub-Fund.
An investment in a Limited Liquidity Fund or an Open-Ended Fund with Limited Liquidity should be viewed as medium to long-term. An investment in a Closed-Ended Fund may not be appropriate for investors as such investors will not have any rights of redemption during the Closed-Ended Period for the Closed-Ended Fund.
Different risks may apply to different Sub-Funds and/or Shares, as described in detail within the Prospectus and/or the relevant Supplement. Prospective investors should review this Prospectus and the relevant Class Supplement carefully and in its entirety and consult with their professional advisers before making an application for Shares. Shareholders are advised that the value of Shares and the income from them may go down as well as up and, accordingly, an investor may not get back the full amount invested.
Please refer to the Prospectus, in particular Section 8: “Risk Factors” as well as the Sub-Fund and Class Supplement for the relevant Sub-Fund and Shares.
An investment in the Shares entails substantial risks. Such an investment should be regarded as highly speculative in nature and should be undertaken only by investors capable of evaluating the risks of the investment including the risk of a loss of all of their investment in the Shares. Investment in certain security markets involves a greater degree of risk than usually associated with investments in the securities of other major security markets.
Please refer to the Prospectus, in particular Section 8: “Risk Factors” as well as the Sub-Fund and Shares Supplement for the relevant Sub-Fund and Class.
It should not be assumed that an investment in the Shares will be profitable or that the future performance of the Shares will equal the past performance of other investment vehicles managed by an investment manager and/or affiliates thereof. Information on the revenues generated shall be disclosed in the annual report of the Company.
Please refer to the Prospectus, in particular Section 8: “Risk Factors” as well as the Sub-Fund and Share Supplement for the relevant Sub-Fund and Share.
You can access the procedures and arrangements relating to investors’ exercise of their rights arising from their investment in the company by contacting the Management Company by email: lgt.cpeire@lgt.com, or by phone: +353 1 433 7420.
Client complaints may be communicated in writing (e.g. by letter, e-mail or fax or by using the complaint form on the homepage) or verbally (e.g. in person or by telephone) free of charge to:
LGT Capital Partners (Ireland) Limited
Third Floor
30 Herbert Street
Dublin 2
Ireland
To handle your complaint, we need the following information from you:
· Contact details (first name, last name, address, telephone no., e-mail address)
· Name of fund/sub-fund/share class and ISIN number or securities number (if your compliant refers to a fund)
· Reason for complaint and what it relates to
· Client's proof at the time the reason for the complaint occurred (if your compliant refers to a fund)
LGT Capital Partners (Ireland) Limited will ensure that once we receive your complaint it is handled swiftly and competently and that you receive a written reply after we have investigated the complaint. For further information, please refer to the Information on Complaints Management on https://www.lgtcp.com/en/regulatory-information/.
Generally, the tax consequences of acquiring, holding, converting, redeeming or disposing of Shares in the Company will depend on the relevant laws of the jurisdiction to which the Shareholder is subject. These consequences will vary with the law and practice of the Shareholder's country of residence, domicile or incorporation and with his personal circumstances. As is the case with any investment, there can be no guarantee that the tax position or proposed tax position prevailing at the time an investment in the Company is made will endure indefinitely, as the basis for and rates of taxation can fluctuate.
Please refer to the Prospectus, in particular Section 9: “Taxation”.
Any investor or potential investor may turn to LGT Capital Partners Ltd., Schützenstrasse 6, CH-8808 Pfäffikon to request to be given free of charge a copy of the Prospectus, the KIDs if applicable, the most recent Annual Report as well as a copy of the Company’s constitutive document.
In addition, the Articles, latest annual report of the Company, the latest Net Asset Value per Share and the historical performance of the Company will be available to prospective investors before they invest in the Company at the registered office of the AIFM.
While some Shares are described in the Supplement for the relevant Sub-Fund as available, these Shares may not currently be offered for subscription in your country and in that event a KID may not be available.
The latest Net Asset Value per Share and the historical performance of the Company will be available to prospective investors before they invest in the Company at the registered office of the AIFM.
The historical performance of the Company will be made available on https://www.lgtcp.com/en/investment-solutions.
The following entities are in charge of the following tasks. The contact details are disclosed under the section below “Who should you contact if you have additional questions?”
a) processing investors' subscription, payment, repurchase and redemption orders relating to the units or shares of the AIF, in accordance with the conditions set out in the AIF's documents: BNP Paribas Fund Administration Services (Ireland) Limited,
b) providing investors with information on how orders referred to in point (a) can be made and how repurchase and redemption proceeds are paid: LGT Capital Partners Ltd,
c) facilitating the handling of information relating to the exercise of investors' rights arising from their investment in the AIF in the Member State where the AIF is marketed: LGT Capital Partners Ltd,
d) making the information and documents required pursuant to Articles 22 and 23 available to investors for the purposes of inspection and obtaining copies thereof: LGT Capital Partners Ltd,
e) providing investors with information relevant to the tasks that the facilities perform in a durable medium as defined in point (m) of Article 2(1) of Directive 2009/65/EC: LGT Capital Partners Ltd,
f) acting as a contact point for communicating with the competent authorities: LGT Capital Partners Ltd.
If you have any further questions that are not listed on this webpage, please feel free to reach out to the following entity, for question related to the point a) of the facilities list:
BNP Paribas Fund Administration Services (Ireland) Ltd
Termini, 3 Arkle Road,
Sandyford
Dublin 18, D18 T6T7
Ireland
LGTDealing@bnpparibas.com
You may reach out to the following entity for questions related to the points b) to f) of the facilities list:
LGT Capital Partners Ltd.
Schützenstrasse 6
CH-8808 Pfäffikon
Liquid Strategies & Investment Structuring (LSIS)
lgt.cp.ls-legal@lgtcp.com
These entities will respond to your question(s) by email within a reasonable timeframe in one of the official language(s) of your country, or in English, where acceptable.