Website legal notice & disclaimer

Corporate Information

Access to this website is provided by On Field Investment Research LLP (“OFIR”). This website (the “Website”) is maintained and owned by OFIR, a limited liability partnership (LLP) registered in England with registered number OC419535. In this document OFIR shall mean On Field Investment Research LLP and its employees.

The business address of OFIR is: Britannia House,11 Glenthorne Road, London W6 0LH. The registered address of OFIR is: Devonshire House, 1 Devonshire Street, London W1W 5DR.

OFIR is authorised and regulated by the Financial Conduct Authority (“FCA”) in the UK (FRN 794740) and is a registered investment advisor with the Securities and Exchange Commission (SEC) in the US.

OFIR is VAT registered (number 285920669).

OFIR is governed by and construed in accordance with the laws of England and Wales. In relation to any contractual or non-contractual dispute, you irrevocably agree to submit to the jurisdiction of the English courts.

In addition to the important information set out below, the following documents are available on request from Yassine Touahri (yassine.touahri@onfieldresearch.com; Tel +44(0)20 3950 0897):

• OFIR Code of Ethics and Conflicts of Interest Policy
• OFIR Terms of Business
• OFIR’ products and services pricing menu

Communications

Communications with OFR may be made by e-mail (yassine.touahri@onfieldresearch.com), by telephone (+44 (0)20 3950 0897) or in writing to the address specified earlier. OFIR will not be responsible for the reliability and security of information transmitted electronically via the internet and such communication is at your own risk. OFIR shall have no liability or responsibility for any loss or damage incurred in the event of any service disruption of any telecom or computer system. OFIR may change the format and content of the Website or suspend the Website at any time without notice.

Access

The information and research on this Website is not intended for distribution to any person or entity in any country or for any use where it would be contrary to local laws or regulation. Access to the Website is not for residents or citizens of any territory or jurisdiction where it would require any registration, filing, application for any license or other steps to be taken by OFIR to comply with local laws or other regulatory requirements. It is your responsibility to be aware of applicable legal or other regulatory requirements in the territory in which you are resident or of which you are a citizen.

When using the Website, you must comply with all applicable local, national and international laws and regulations, including those related to data privacy, international communications and exportation of technical or personal data. It may be unlawful to download the information contained on the Website in certain countries and OFIR disclaims all responsibility if you download any information from the Website in breach of any law or regulation of the country in which you reside. If you are in any doubt about local laws and regulations, you should seek professional advice.

This Website is designed for the user’s own use and by accessing this Website you agree to these terms and conditions.

Misuse of Website

You must not use the Website (or permit or procure others to use it) as follows:

1. for any purpose not expressly permitted;
2. for any unlawful, improper or illegal purpose or activity;
3. to violate OFIR’s or any third party’s copyright, trademark, proprietary or other intellectual property rights;
4. to access (or attempt to access) any password-protected, subscription-only section of the Website by any means other than by a subscriber using the unique password that is provided to that subscriber by OFIR on payment of subscription fees;
5. to penetrate the Website’s or other entities’ security measures or other systems;
6. to introduce viruses onto the internet or into the Website or any other entity’s systems and it is your responsibility to ensure that whatever you download or select for your use from the Website is free from such items.

Termination and suspension of access to the Website

Except in the case of subscribers’ access to password-protected sections of this Website, OFIR reserves the right to deny you access to the Website, or immediately to suspend or terminate your access to the Website at any time if your use of the Website amounts to a misuse of Website.

If you are a subscriber, you acknowledge and agree that OFIR shall have the right to immediately suspend your access to the subscription-only pages of the Website if your use of the Website amounts to a misuse of Website, until any misuse of Website is resolved to OFIR’s satisfaction. The foregoing is without prejudice to any rights of OFIR to terminate your access to the subscription-only pages of the Website, subject to the provisions of the Terms of Business.

Content

To the extent that you have separately accepted OFIR’s Terms of Business (the “Terms of Business”), then the Terms of Business will also govern the use of research and related materials on this Website.

OFIR provides you with a non-exclusive, revocable limited agreement to browse the Website for your own use and to print off pages from the Website.  Whilst information extracted from the files on the Website may be used for your own research, any copying or distribution of such files in whole or in part without prior permission from OFIR is strictly prohibited.

You agree that you will not systematically copy or use in any manner substantial parts of the Website nor remove, change or obscure in any manner anything on this Website.

The equity research section of the Website is only for persons who are professional clients or eligible counterparties for the purposes of the FCA rules or persons to whom our research may be lawfully distributed, such as relevant corporate entities. Retail investors or other entities who have access to the non-restricted parts of our Website should note that the products and services of OFIR are not available to them and therefore should not rely on the material herein to make an investment decision. The result of any such act will not hold OFIR liable for any loss thus incurred as OFIR is not registered, authorised or licensed to deal with retail clients and will not enter into any contractual agreement or arrangement with retail clients for the services provided by OFIR. This Website should not be accessed by or relied on by others. Under no circumstances are the contents to be interpreted as any offer to sell, or any solicitation of an offer to buy, investments. This Website is for information purposes only and does not contain investment, tax, legal or other advice, which you are encouraged to seek elsewhere.

OFR’s research is subject to the disclaimer included in our research reports.

The research compiled and published by OFIR is the property of OFIR and may only be used as authorised. The “On Field Investment Research” (OFIR) name and other trademarks and OFIR logo appearing on our Website and in our research are trademarks of OFIR. All intellectual property rights related to our research and Website are reserved for OFIR and may not be reproduced without our prior consent. OFIR does not accept any responsibility for the accuracy of any information obtained from third parties.

Restricted sections

Application for access to the “restricted access” pages of the Website is subject to the terms set out in our Terms of Business. You will not be able to use such services unless you have accepted our Terms of Business and until you have received a unique password from OFIR. The information contained on the restricted access sections of this Website is confidential and may not be communicated by you to any other persons.

Once you receive a password, OFIR will assume and expect that any activity that has been logged by your password in respect of your account, has been instigated by you. Your password along with access to the restricted pages of the Website are explicitly restricted to you personally and may not be shared with others or disclosed to third parties. You must contact OFIR immediately if you believe that your password may have been disclosed to or obtained by a third party.

Liability for Loss

OFIR shall not be liable for any direct or indirect, incidental or consequential loss or damage including, but not limited to, loss of revenue, profits or goodwill, arising from the use, non-availability of the Website or any part of the research on the Website. Although the research material published on the Website is intended to be reliable and accurate, it has not been independently verified. No warranty is given by OFIR or its employees as to the accuracy or completeness of research on the Website and thus no employee shall have liability for any inaccuracy or omissions. This is without prejudice to any duty OFIR may have to its clients under the FCA Rules or the Financial Services and Markets Act 2000.