Puma Alpha VCT

Early bird exclusive

To celebrate the recent launch of our fourteenth VCT, Puma Alpha VCT, we’re offering an early bird special offer.

Invest before 30 November and you’ll benefit from an Initial Fee of 1%, reduced from 3% (rebated in the form of additional shares).

Puma Alpha VCT

Puma Alpha VCT is a Venture Capital Trust (VCT) that invests in growing businesses with experienced management teams. Investors in Puma Alpha VCT will be supporting the UK economy by providing growth funding to small and medium-sized companies, whilst benefitting from a range of tax reliefs and an investment that aims to produce attractive returns.

Key details

Minimum investment

£5,000

Tax benefits

30% upfront income tax relief on an investment of up to £200,000 per tax year; 100% tax-free dividends from the VCT; 100% tax-free capital gains if selling the shares

20+ year track record

Puma Investments has a 22-year track record of investing in small and mid-sized companies

Experienced VCT manager

Since 2005, 14 Puma VCTs have been launched, raising £240m

Alpha investment strategy

Puma Alpha VCT is our fourteenth VCT and builds on our 22-year track record of investing in small and medium-sized companies. Our Alpha investment strategy – across both Puma Alpha VCT and Puma Alpha EIS – is to invest in growing UK businesses with strong management teams that operate in sectors providing structural support for growth.

We choose established companies with proven commercial models, clear expansion plans and experienced leadership. And we seek to reduce risk by diversifying our investments across different regions and sectors. For example, some of our Alpha investments range from educational technology providers to food and beverage operators, high-performance sports apparel producers, carbon wheel manufacturers and garden centre businesses.  We choose businesses that investors can support proudly, whilst sharing their success.

In addition to the potential tax reliefs below, Puma Alpha VCT seeks to generate positive returns for investors, initially through capital growth and then through annual dividends averaging 5p per share within four years.

Why invest in a VCT?

VCTs provide vital growth funding to small and medium-sized businesses, which are the backbone of our economy. In addition to supporting British enterprises and economic growth, investors who hold VCT shares for at least five years can receive a number of tax benefits, including:

  • 30% upfront income tax relief on an investment of up to £200,000 per tax year
  • 100% tax-free dividends from the VCT
  • 100% tax-free capital gains if selling the shares

Example Alpha investment

Le Col

Investment

£2.35 million

Sector

Sports apparel

Trading locations

Exporting to over 50 countries

Why we invested

  • Le Col has a compelling combination of in-demand products, professional insight and management experience.
  • The company’s revenues more than doubled in 2018 and online sales grew sixfold year-on-year.
  • Le Col’s robust growth plan is complemented by a supportive sector. Cycling products already contribute £700 million to the UK economy and this figure will likely rise as the Government strives to double cycling volumes by 20251.
  • Based in the UK and exporting to over 50 countries, Le Col owns its own factory in Treviso, Italy, increasing its manufacturing and supply chain control.

1The Value of the Cycling Sector to the British Economy, Bicycle Association, June 2018

Note: The above is an example of an investment made by Puma Alpha EIS. Investments made by Puma Alpha VCT may be different.

Summary of fees

Initial: INITIAL FEE 3% of amount subscribed
Ongoing:   ANNUAL MANAGEMENT FEE 2% (inc.VAT) of net asset value p.a.
ADMINISTRATIVE FEE 0.35% (inc. VAT) of net asset value p.a.
PERFORMANCE FEE 20% of amounts realised in excess of 120p per Ordinary Share

 

Risk factors

An investment in Puma Alpha VCT carries risk and you should take your own independent advice. You should only invest in Puma Alpha VCT on the basis of the prospectus which details the risks of the investment. Below are the key risks:

Tax reliefs: Tax reliefs are not guaranteed, depend on individuals’ personal circumstances and a five-year minimum holding period, and may be subject to change.

Liquidity: It is unlikely there will be a liquid market in the ordinary shares of Puma Alpha VCT and it may prove difficult for investors to realise their investment immediately or in full.

Capital at risk: An investment in Puma Alpha VCT involves a high degree of risk. Investors’ capital may be at risk.

General: Past performance of Puma Investments in relation to its other VCTs is no indication of future results. The payment of dividends is not guaranteed. Investors have no direct right of action against Puma Investments. The Financial Ombudsman Service/the Financial Services Compensation Scheme are not available.

Offer documents

Puma Alpha VCT plc - Overview

Puma Alpha VCT plc - Prospectus

Puma Alpha VCT plc - Application Form

Puma Alpha VCT plc - Key Information Document