Heurston Group PLC Disclaimer
- Acceptance of our Terms
By visiting the website www.heurstongroup.com (“Heurston Group”) viewing, accessing or otherwise using any of the services or information created, collected, compiled or submitted to Heurston Group, you agree to be bound by the following Terms and Conditions of Service. If you do not want to be bound by our Terms your only option is not to visit, view or otherwise use the services of Heurston Group website. You understand, agree and acknowledge that these Terms constitute a legally binding agreement between you and Heurston Group and that your use of Heurston Group shall indicate your conclusive acceptance of this agreement.
- Provision of Services
You agree and acknowledge that Heurston Group is entitled to modify, improve or discontinue any of its services at its sole discretion and without notice to you even if it may result in you being prevented from accessing any information contained in it. Furthermore, you agree and acknowledge that Heurston Group is entitled to provide services to you through subsidiaries or affiliated entities.
- Proprietary Rights
You acknowledge and agree that Heurston Group may contain proprietary and confidential information including trademarks, service marks and patents protected by intellectual property laws and international intellectual property treaties. Heurston Group authorizes you to view and make a single copy of portions of its content for offline, personal, non-commercial use. Our content may not be sold, reproduced, or distributed without our written permission. Any third-party trademarks, service marks and logos are the property of their respective owners. Any further rights not specifically granted herein are reserved.
- Submitted Content
When you submit content to Heurston Group you simultaneously grant Heurston Group an irrevocable, worldwide, royalty free license to publish, display, modify, distribute and syndicate your content worldwide. You confirm and warrant that you have the required authority to grant the above license to Heurston Group.
- Termination of Agreement
The Terms of this agreement will continue to apply in perpetuity until terminated by either party without notice at any time for any reason. Terms that are to continue in perpetuity shall be unaffected by the termination of this agreement.
- Disclaimer of Warranties
You understand and agree that your use of Heurston Group is entirely at your own risk and that our services are provided “As Is” and “As Available”. Heurston Group does not make any express or implied warranties, endorsements or representations whatsoever as to the operation of the Heurston Group website, information, content, materials, or products. This website makes no representation or warranty is given as to the achievement or reasonableness of any plans, future projections, valuations, prospects or financial returns and nothing in this website is or should be relied upon as a promise or representation as to the future. This shall include, but not be limited to, implied warranties of merchantability and fitness for a particular purpose and non-infringement, and warranties that access to or use of the service will be uninterrupted or error-free or that defects in the service will be corrected. The information is provided in summary form and does not purport to be complete. The website does not purport to provide all of the information an interested party may require in order to investigate the affairs of Heurston Group. The information contained in this website is not to be relied upon by you in making a decision as to whether you ought to invest in Heurston Group. This website is not to be used as a capital raising or investment document.
In preparing this website Heurston Group did not take into account the investment objectives, financial situation, and particular needs of any individual investors. Before making an investment decision on the basis of this website, any investor needs to consider, with or without the assistance of a financial advisor, whether the investment is appropriate in light of their particular investment needs, objectives, and financial circumstances.
- Limitation of Liability
You understand and agree that Heurston Group and any of its subsidiaries or affiliates shall in no event be liable for any direct, indirect, incidental, consequential, or exemplary damages. This shall include, but not be limited to damages for loss of profits, business interruption, business reputation or goodwill, loss of programs or information or other intangible loss arising out of the use of or the inability to use the service, or information, or any permanent or temporary cessation of such service or access to information, or the deletion or corruption of any content or information, or the failure to store any content or information. The above limitation shall apply whether or not Heurston Group has been advised of or should have been aware of the possibility of such damages. In jurisdictions where the exclusion or limitation of liability for consequential or incidental damages is not allowed the liability of Heurston Group is limited to the greatest extent permitted by law.
- External Content
Heurston Group may include hyperlinks to third-party content, advertising or websites. You acknowledge and agree that Heurston Group is not responsible for and do not endorse any advertising, products or resource available from such resources or websites.
You expressly understand and agree to submit to the personal and exclusive jurisdiction of the courts of the country, state, province or territory determined solely by Heurston Group to resolve any legal matter arising from this agreement or related to your use of Heurston Group. If the court of law having jurisdiction, rules that any provision of the agreement is invalid, then that provision will be removed from the Terms and the remaining Terms will continue to be valid.
- Entire Agreement
You understand and agree that the above Terms constitute the entire general agreement between you and Heurston Group. You may be subject to additional Terms and conditions when you use, purchase or access other services, affiliate services or third-party content or material.
- Changes to the Terms
Heurston Group reserves the right to modify these Terms from time to time at our sole discretion and without any notice. Changes to our Terms become effective on the date they are posted and your continued use of Heurston Group after any changes to Terms will signify your agreement to be bound by them.
Risks: There are a number of risk factors that may impact on the future performance of Heurston Group PLC (“HG”) or its related bodies. The realization of one or more of these risks could individually or together with other circumstances adversely affect the business activities and have material adverse effects on the financial condition and results of operations as well as on the prospects of the Group. Some of these are outside the control of HG and should be read before any involvement with the Group as they may affect the value of any investment
The selected order of the risk factors mentioned below represents neither a statement about the probability of the risks’ realization nor an assessment of the importance of these risk factors. The risk factors are based on assumptions that may in hindsight turn out to have been incorrect. Additional risks which are presently not known to the Company or which are currently considered immaterial could also adversely affect the Group’s business operations and have material adverse effects on its financial condition and results of operations.
The principal risk factors include, but are not limited to the risks outlined below.
General investment risk: Investors should realize that the value of HG shares may fall as well as rise, Some factors are beyond the control of the HG (such as stock market conditions, economic conditions, government policy, technology change, regulatory policy, investor sentiment, and the performance of similar types of companies). No liquid market presently exists for HG securities.
Reliance on key personnel: There is a potential risk for us to lose key management over time. We will try to identify and where possible, mitigate this risk. Whilst the directors of HG are taking steps to obtain key man insurance and a succession plan including for the Chief Executive Officer no assurances can be given such impact. HG further believes it has appropriate employment policies and incentives in place. All employees and directors have employment and intellectual property contracts. Fluctuation in the availability of appropriate staff and in their willingness to remain in specific geographic locations.
Industrial disputes and wage increases: Employees are covered by enterprise bargaining agreements and other workplace agreements, which periodically require renegotiation and renewal. Disputes may arise in the course of such renegotiations, which may lead to strikes or other forms of industrial action that could disrupt HG operations. Further, any such renegotiation could result in increased labour costs for HG. In times of low unemployment or shortage of skilled employees, there can be upward pressure on wages. If any of these events occur, it may adversely impact HG’s future financial performance.
Price of Shares: Price for shares are subject to general market risk that is inherent in all securities if the Company is listed or not. This may result in fluctuations in its Share price that are not explained by the fundamental operations and activities of HG. Shares may increase or decrease in value. Some of the factors which may affect the price of the Shares include fluctuations in the domestic and international market’s, general economic conditions, including interest rates, inflation rates, exchange rates, consumer sentiment, commodity and oil prices, changes to government fiscal, monetary or regulatory policies and settings, changes in legislation or regulation, the nature of the markets in which HG operates and general operational and business risks. There can be no guarantee that an active market in the Shares will develop. This may increase the volatility of the market price of the Shares. It may also affect the prevailing market price at which Shareholders are able to sell their Shares.
Future revenues: Whilst HG assets have operating histories, there are no guarantees over future revenues or earnings or return of capital. The business receives equity as part fees and there is thus, a time delay in the gaining of the fee and the public realisation of the equity. There is also no guarantee that any or all of this equity will be realised in the future. This may result in a demand for cash that is difficult to obtain from organic growth, unless growth is substantially slowed, with the consequential opportunity costs. There can be no assurance that our initiatives will be completed as anticipated or that HG will be able to successfully realize these goals at the targeted levels or by the projected dates.
Tax charges may affect the level of distributions made to the Company by the Group companies and accordingly by it to Shareholders: Tax charges may affect the level of distributions made to the Company by the Group companies and accordingly by it to Shareholders. The Group will, in structuring its investments, seek to maximise after tax distributable cash in a manner consistent with its business operations. However, any change in the Company’s tax status, domicile, taxation rates or in taxation legislation could affect the profits of the Group and, in turn, the return to Shareholders.
Unforeseen expenditure risk: HG forecasts are based on certain assumptions in relation to the level of capital expenditure required. If the level of capital expenditure required is higher or is needed sooner than anticipated, the financial performance of HG may be adversely affected
Growth Management: There can be a substantial risk associated with rapid growth and having the requisite skills and philosophy that can change HG operations and culture and it is not immune from such risk.
Distance from markets: Building an organization that operates in different country locations involves travel for key personnel which can be a risk and can subject them or HG activities to varying country risks and laws. Building our management team in each of the countries we operate, cross-sharing of resources and developing a culture of supporting those in the field will ameliorate the stresses on individuals. This is confined to a limited number of key personnel.
Intellectual Property: There is a risk that intellectual property rights or assets have not been correctly identified or is subject to any completing claims. HG seeks to identify and protect its rights wherever possible.
Rate of technology change: Technology changes could drive a change in the level of demand for consumer products. The rate of technology changes, such as a lower rate of new product development, could adversely impact HG’s future financial performance. While many of these technological changes are providing the growth opportunities, there is a risk that competitors will introduce technologies that provide them with a competitive advantage relative to HG
Matching supply and demand: The business needs to meet demand so that there is no discernible gap in the market space, which may induce other larger entrants into the space. However, the market is a rapidly growing market in many parts of the world and HG will have ongoing competition in this market sector.
Investment risk: Investments can fluctuate in value. We aim to use research and analysis to keep abreast of these matters as best we can and may adjust assets where necessary, to lessen any impact.
Shareholder dilution: In the future, HG may elect to issue Shares or other securities. Shareholders may be diluted as a result of such issues of Shares or other securities
Legal and litigation Risks: Changes in laws (including accounting standards), interpretations and regulations, or the interpretation of these laws and regulations, may have taxation, marketing campaigns, interaction with Consumers, accounting or legal consequences which adversely impacts on the business. In addition, legal costs could be expended to enforce the rights of recovery of assets and costs associated with any recovery action taken over certain business activities or assets. Litigation is commonplace, whether warranted or not, and can take the form of corporate strategy. Having in-house counsel as well as external specialist advisers will mitigate this and other legal risks.
Management Risk: It is possible that HG and its manager(s) may fail to adequately identify and manage risks not identified by the company. This may affect the Fund’s ability to pay distributions to you and/or reduce the value of your investment.
Diversification Risk: There is a risk that HG or its related companies and their investments may not be sufficiently diversified for revenue streams or growth. In this event the failure of one or a small number of investments may have a material financial impact.
Borrowing Risk: HG may borrow money (or gear) at competitive market rates, and invest both your money and the borrowed amount to buy assets for growth. While gearing has the potential to increase the gains from investing it may also magnify investor losses.
Insurance Risk: There is a risk inadequate insurances are acquired or held that do not cover unintended consequences by us, or any of our related bodies.
Related Party Risk: There is potential of a related party transaction or risk. Any conflicts of interest, which may arise, are managed in accordance with the law and our internal conflicts management policy and related party guidelines or the law.
Third party Agent /Supplier risk: There is a risk that an agent or supplier causes loss or damage and will aim to monitor or supervise our agent or supplier where we can achieve this. To the extent possible, key functions will be retained in-house in a controlled environment.
Force majeure events: Events may occur which impact the global operations and the price of the Shares. The events include, but are not limited to, acts of terrorism, an outbreak of international hostilities, fires, floods, earthquakes, labour strikes, civil wars, natural disasters, outbreaks of disease or other natural or man-made events or occurrences that can have an adverse effect on the demand for HG’s product offering and services and its ability to conduct business.