THISTLE SEED ADVANTAGE SEIS FUND INVESTING IN START-UP COMPANIES IN SCOTLAND

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1 THISTLE SEED ADVANTAGE SEIS FUND INVESTING IN START-UP COMPANIES IN SCOTLAND

2 BUSINESSES IN SCOTLAND The introduction of the Seed Enterprise Investment Scheme (SEIS) in 2012 was part of the Government s initiative to support small and start-up businesses. We believe the right companies to invest in make this a special opportunity for investors. The Thistle Seed Advantage SEIS Fund is all about creating new businesses in Scotland, and genuine new opportunities for investors. Working with Seed Mentors will enable the Fund to select some of the best deals on THE TAX BENEFITS 50% Income Tax relief on investor s subscriptions to the Investee Company, up to a maximum of 100,000 for the tax year ending on 5th April % capital gains tax ( CGT ) relief on capital gains tax in the tax year of investment. Any gains upon realisation are free of CGT. Inheritance Tax exemption if shares are held for 2 years or more. taxable income. year subject to available allowance.

3 invest in start-up and early stage businesses in Scotland with high growth potential. Investors that are available today, which means that the level of capital at risk is reduced. The stringent investment process means: Only companies with a robust business plan, and an experienced manager/management team will be accepted. With bank lending still limited, SEIS funds are an attractive form of alternative funding. With the Thistle Seed Advantage SEIS Fund, not only do companies receive equity funding for development and growth, but they will have the help and support of mentors from a wide range is to give each business every chance of success and mitigate investment risks as far as possible. Preference will be given to companies with partial commitment from an angel investor/investors. Seed Mentors Limited will also provide guidance and support to the companies that are invested in, through its mentoring business. We are delighted that Allenbridge Tax Shelter, the independent reviewer, had this to say about the Seed Advantage SEIS Fund 1 in their Tax Shelter Report: In summary, the Fund provides a valuable new route for start-ups to attract capital at a time when liquidity is somewhat restricted, using the years of contacts, are passionate supporters of

4 Seed Mentors At Seed Mentors we know that there are two key ingredients in turning small and start-up companies into successful investments: Choosing the right companies to invest in, with high quality management. That is why we only select companies that are run by managers who have at least 5 years successful experience in their chosen business sector. The right guidance and support when and where it is needed. Seed Mentors has been established as a dedicated mentoring company. We will provide or obtain advice as it is needed for legal issues, taxation, marketing, accounting, PR, IT and Seed Mentors will be providing up to 20 hours p.a. of advice where it is needed for each company. By providing this service, Seed Mentors can help Investee Companies to both avoid mistakes, and take advantage of business opportunities.

5 THE THISTLE SEED ADVANTAGE SEIS FUND Focused on start-up companies in Scotland Income tax relief of 50%, plus up to 14% CGT relief for investors Investing in companies with real growth potential and experienced managers Practical support from the expert team at Seed Mentors The information in this document has been prepared by Seed Mentors Limited ( Seed Mentors ) and is intended for general information purposes only. This document is intended only for the recipients to whom it is directly provided by Seed Mentors (being persons having professional experience in matters Persons who do not have professional experience in matters relating to investments should not rely on the contents of this document. No information in this document should be construed as providing Investments in early stage and small to medium sized enterprises and in Seed Enterprise Investment obtained may become forfeit. The tax treatment referred to in this document depends on the individual circumstances of each investor investee companies maintaining their qualifying status.

6 FUND DETAILS Fund Name: Fund structure: Fund Manager: Initial target minimum and maximum fund size: Focus: Initial close date: Targeted return: The Thistle Seed Advantage SEIS Fund Discretionary portfolio management service Sapphire Capital Partners LLP 250,000 up to 1.5 million Qualifying companies based in Scotland who are eligible for investment under Seed Enterprise Investment Legislation 31 March 2015 unless fully subscribed or extended by the Fund Manager 1.20p after 3 years for each 1 invested For a copy of the Information Memorandum and if you require any further information concerning the Fund please contact: l on: or s.randall@seedmentors.co.uk or visit: