Disclaimer

LBO France Gestion (“LBO France”)

LBO France is registered as a simplified joint-stock company under French law (société par actions simplifiée) with a Board of directors and a Supervisory Board, having capital of €227 ,187 and registered the Paris business register under no. 418 354 502. LBO France was approved by the French securities regulator, Autorité des Marchés Financiers (AMF), as an asset management firm on 27 February 1998 under no. GP-98-04. LBO France has obtained its AIFM certification on June 24th 2014.

Chairman of the Board of directors: Robert Daussun Managing Editor: Robert Daussun


Compliance with regulation and business ethics

The purpose of this website is to present the activities of LBO France and provide information about its products to the general public. The material posted on the site is not contractually binding. It does not represent an offer of products, a recommendation or a solicitation of offers to purchase securities, or a capital raising. All the material on the LBO France website is intended for information purposes only. The product information is valid at the time of posting. It is nonetheless incomplete, owing to the necessarily simplified nature of the content, and is not contractually binding. It does not represent an investment recommendation or advice based on specific circumstances or in response to the specific needs of visitors to the site. Online users are reminded that any investment in LBO France entails a degree of risk. Consequently, and prior to any investment decision, online users are advised to familiarise themselves with the regulatory documents obtainable from LBO France. Potential investors should contact their usual advisor with any questions about the tax treatment of these products. LBO France reminds online users that past performance is no guarantee of future performance, that investments may fluctuate up or down, and that the value of their shares depends on the value of the securities in the portfolio. Consequently, investors may not recover their initial investment and have no guarantee of income.


Voting rights policy

Pursuant to Articles 319-21 et seq. of the AMF General Regulation, LBO France has a voting policy that sets forth the conditions under which it intends to exercise the voting rights attached to the securities held by the funds it manages. Regarding voting rights attached to unlisted securities, the voting policy is included in the fund’s annual report for investors. Regarding voting rights attached to listed securities, the asset management firm reports in an appendix to the Board of directors’s management report on how it exercised its voting rights. The appendix is provided free of charge to shareholders who request it, and can be viewed at the asset management firm’s registered office. If the asset management firm has not exercised any voting rights attached to listed securities during the financial year, it does not produce this appendix. Shareholders are provided with the voting policy instead. Voting rights are exercised to protect the interests of the investors in the funds under management.


Intellectual property rights

All the information available on the LBO France website, particularly photographs, text, slogans, designs, images, and animated sequences with or without sound, as well as any intellectual creations incorporated into the site, are the property of LBO France or their respective owners. Any reproduction, representation, exploitation, adaptation or modification, by any process and on any medium whatsoever, without prior permission from LBO France is strictly prohibited and may lead to prosecution for infringement.


Liability

LBO France disclaims all liability for any direct or indirect loss or damage, particularly material damage, loss of data, or financial loss, as a result of connecting to or using the website or from reliance on material posted on the website. Despite the care exercised by LBO France, technical faults may occur. These may arise as a result of limited access to or incorrect transmission of information, or be due either to the website itself or to the intervention of third parties. LBO France disclaims liability for loss or damage that could arise as a consequence, and undertakes only to take remedial action once the fault has been reported. LBO France is responsible for updating the website. The company has taken every effort to ensure the accuracy of the information posted but disclaims any liability for loss or damage of any kind that might arise from the explicit or implied opinions or information posted on the website. LBO France disclaims any liability for damage arising from unauthorised intrusion by a third party that alters the information posted on the website.


External links

We are not liable for any hypertext links to companies. Links to our website are not permitted without the prior written agreement of LBO France.


Data protection

This website is operated by LBO France, whose registered office is in France, and these Conditions of Use are governed by French law. The laws and regulations of the country from which the user accesses the website may contain restrictions on the distribution of the web-posted material. In those cases, material from the website may not be distributed or used by any individual or legal entity, which are required to be aware of and comply with the regulations. Pursuant to French data protection legislation (Act 78-17 of 6 January 1978, amended by the Act of 6 August 2004), an online user has the right to access, correct or delete personal data at any time by writing to the investor relations department at the registered office of LBO France. LBO France undertakes to keep the personal information about online users confidential. It reserves the right to alter and update these Conditions of Use at any time.