Foresight Williams Technology EIS Fund Summary of Letter & Change of Terms to Investor Agreement

You can access the Foresight Foresight Williams Technology EIS Fund Change Notification letters here.

Please select from the below options the letter which applies to you.

Version 1

Click here to download the Version 1 letter.

Summary of Letter & Changes to Investor Agreement

  • Fund closing date of 5 April 2017 removed due to popularity and pipeline of potential investments
  • The AMC & Secretarial Charge will accrue from 21 December 2018 – none has been charged prior to this date. From year two onwards, the AMC and Secretarial Charge will be recouped from the proceeds of the sale of investments and/or income received. The AMC will be shared between Foresight and Williams in proportions that they agree. Note that the rates of fees and charges has neither increased nor decreased
  • We have appointed NCM Depositary Services Limited to act as depositary for the Fund.
  • Introduction of the “Promoter” (essentially the Foresight entity that the Sales Team operate under) Note this does not affect the current charges
  • The allocation policy has been amended so that investments can be allocated according to three factors:
    • Value of the initial subscription
    • Date of the initial subscription
    • Value of the remaining subscription at the time of investment

The increased flexibility allows Foresight to allocate investments to meet the two-year investment period for each investor where required.

  • Foresight Group LLP has taken back the role of Administrator to the Fund

Version 1a

Click here to download the Version 1a letter.

Summary of Letter & Changes to Investor Agreement

  • The AMC will be shared between Foresight and Williams in proportions that they agree. Note that the rates of fees and charges has neither increased nor decreased
  • We have appointed NCM Depositary Services Limited to act as depositary for the Fund.
  • Introduction of the “Promoter” (essentially the Foresight entity that the Sales Team operate under) Note this does not affect the current charges
  • The allocation policy has been amended so that investments can be allocated according to three factors:
    • Value of the initial subscription
    • Date of the initial subscription
    • Value of the remaining subscription at the time of investment

The increased flexibility allows Foresight to allocate investments to meet the two-year investment period for each investor where required.

  • Foresight Group LLP has taken back the role of Administrator to the Fund

Version 1b

Click here to download the Version 1b letter.

Summary of Letter & Changes to Investor Agreement

  • The AMC will be shared between Foresight and Williams in proportions that they agree. Note that the rates of fees and charges has neither increased nor decreased
  • Introduction of the “Promoter” (essentially the Foresight entity that the Sales Team operate under) Note this does not affect the current charges
  • The allocation policy has been amended so that investments can be allocated according to three factors:
    • Value of the initial subscription
    • Date of the initial subscription
    • Value of the remaining subscription at the time of investment

The increased flexibility allows Foresight to allocate investments to meet the two-year investment period for each investor where required.

  • Foresight Group LLP has taken back the role of Administrator to the Fund

Version 2

Click here to download the Version 2 letter.

Summary of Letter & Changes to Investor Agreement

  • The AMC will be shared between Foresight and Williams in proportions that they agree. Note that the rates of fees and charges has neither increased nor decreased
  • The allocation policy has been amended so that investments can be allocated according to three factors:
    • Value of the initial subscription
    • Date of the initial subscription
    • Value of the remaining subscription at the time of investment

The increased flexibility allows Foresight to allocate investments to meet the two-year investment period for each investor where required.

  • Amendment to clarify that NCM Depository Services Ltd does not act as the custodian of the Fund’s assets
  • Foresight Group LLP has taken back the role of Administrator to the Fund
Investor Relations Help

Capital is at risk. The value of an investment, and any income from it, can fall as well as rise and investors may not get back the full amount they invest. EIS should be considered a longer-term investment, which may be higher risk and more difficult to realise than listed securities. Tax reliefs are dependent on investee companies maintaining EIS qualifying status and investors’ individual circumstances. Current tax rules are subject to change. Past performance is not a reliable indicator of future performance.  Foresight Group LLP does not provide advice and the information on this website should not be construed as such. We recommend investors seek advice from a regulated financial adviser. Investors should only invest in Foresight EIS funds on the basis of information contained in the Foresight Williams Technology EIS Fund Information Memorandum dated October 2018 and Key Information Document.

Foresight Group LLP is authorised and regulated by the Financial Conduct Authority (FRN: 198020).