Puma Heritage’s core
focus is on secured
lending. Its primary
objectives are to
preserve capital and
mitigate risk whilst
generating stable
returns for shareholders.
The Offer
Strategy: Conservative trading strategy focused on secured lending.
Flexibility: Choice of income or growth shares and ability to switch
between them.
Directors: Three experienced Directors bringing a multidisciplinary approach.
Key Features
Experienced Adviser: Puma Heritage has appointed Puma
Investments as its trading adviser.
Aligned Interests: The interests of Puma Investments (the trading
adviser) and Shareholders are entirely aligned: Puma Investments will
not receive any performance fees and its annual advisory fees are only
paid in full if a minimum annual return is achieved.
Liquidity: Twice yearly opportunity to access capital (subject to
terms set out in the Prospectus).
Subscription Amount: Minimum subscription of £25,000 with
no maximum.
Inheritance Tax: It is intended that a subscription for shares in
Puma Heritage plc will benefit from relief from Inheritance Tax
provided the shares have been held for at least 2 years prior to
and at the point of death.
Highlights
Sector Breakdown of Loans
(% amount deployed)
Residential Real Estate
22%
Renewable Assets
8%
Property Development
4%
(Source: Puma Heritage as at 28 February 2015)
Supported Living
8%
Leisure
31%
Healthcare
27%
£25k
MINIMUM SUBSCRIPTION
No
performance
fees
Twice yearly
shareholder
reports
Puma Heritage
operates in a range of
sectors and focuses
on making secured
asset-backed loans to
small and medium
sized businesses.
Puma Investments is a member of the Shore Capital Group, an independent
investment group, listed on AIM with c.£800m of assets under management.
Example transactions:
Overview of the loan:
Overview of the loan:
Puma Heritage’s subsidiary Heritage Square Ltd,
lent £750,000 as part of a total £7,000,000 facility to
Connolly & Callaghan, an established provider of
emergency accommodation in the Bristol area with a
25 year operating history. As a social landlord, Connolly &
Callaghan works with local councils to assist them
in fulfilling their statutory obligations by providing
emergency accommodation in 18 premises around Bristol.
Puma Heritage’s subsidiary Heritage Square Ltd has participated
in loans totalling £15,000,000 to Citrus PX. Citrus PX is an
established company providing a property part exchange
service to developers who in turn wish to offer a part exchange
service to their clients. Citrus PX operates in all parts of the
UK therefore ensuring that Heritage Square has the benefit
of a basket of geographically diversified loans.
Key feature
Key feature
• The loan was advanced at a conservative loan to value
and is secured with the benefit of a first charge over 25
properties which are in established residential locations.
Summary of Fees
PROMOTER FEE
• The loans are made at a conservative loan to value. As at
30 June 2015 there have been 166 individual loans funded with
an average individual loan amount of £142,000 and secured with
first charges on acquired properties.
Risk Factors
1.5%
of amount subscribed
ANNUAL ADVISORY FEE 1%
Deferred and only paid
plus VAT in full if the company
achieves a minimum
return of 3% p.a.
ADMINISTRATION FEE
0.4%
of net asset value p.a.
plus VAT
DEALING FEE
1%
PERFORMANCE FEE
None
on entry and exit
Other expenses: The Company is responsible for its
normal operating costs. The trading adviser receives fees
for business support services and may be paid
arrangement, structuring and/or monitoring fees for
originated transactions.
You can only apply to subscribe for shares in Puma Heritage through a
Financial Adviser who has assessed that a subscription is suitable for you.
Below are the key risks of a subscription however you should read in full
the Puma Heritage Prospectus:
General: Past performance is no indication of future results and share
prices and their values can go down as well as up. The forecasts in this
document are not a reliable guide to future performance.
Capital at Risk: A subscription for shares in Puma Heritage can be viewed
as high risk. Shareholders’ capital may be at risk and shareholders may get
back less than their original subscription.
Tax Reliefs: Tax reliefs depend on individuals’ personal circumstances,
minimum holding periods and may be subject to change. There can be no
guarantee that Puma Heritage will fulfil the criteria to obtain business
property relief.
Liquidity: It is unlikely there will be a liquid market in the shares of Puma
Heritage and it may prove difficult for shareholders to realise immediately
or in full proceeds from the sale of Puma Heritage shares. Access to capital
is subject to the discretion of the directors, applicable law/regulation and
the availability of sufficient cash reserves.
For further information and copies of the Prospectus please contact:
Joint Promoter
14 Clifford Street London, W1S 4JU
Advisor Enquiries: 020 7408 4070
Investor Enquiries: 020 7408 4100
Joint Promoter
4 Staple Inn, London, WC1V 7QH
T: 0203 006 7530
F: 0870 383 7777
E: [email protected]
www.pumainvestments.co.uk
E: [email protected]
www.ramcapital.co.uk
This document is a financial promotion issued by Puma Investments in accordance with section 21 of the Financial Services and Markets Act 2000 and an
advertisement as described in the Prospectus Rules of the Financial Conduct Authority (“FCA”). Puma Investments is the trading name of Puma Investment
Management Limited which is authorised and regulated by the FCA, FRN 590919.
Prospective shareholders should not subscribe for shares in Puma Heritage except on the basis of the Prospectus.