N3 CAPITAL PARTNERS

Investicijsko društvo

DISCLAIMER

 

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This report was prepared by investment firm N3 Capital Partners (N3). All recommendations given by N3 are independent and based on latest company, industry and general information publicly available. Greatest possible degree of care and integrity is used to avoid errors and/or misstatements and each research report is reviewed by a senior executive. No influence on the research recommendation is being exerted by either the covered company or other internal N3 departments. N3 Compliance Rules limit analyst ownership position in financial instruments issued by the covered company or derivatives thereof. Analysts are not allowed to involve themselves in any paid activates with the covered companies except as disclosed otherwise. No part of their compensation was, is, or will be directly or indirectly related to specific recommendation(s) or views expressed by them contained in this document. In addition, others within N3, including other departments or staff may have opinions that are inconsistent with the ones expressed in this research report.

 

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  2. All representations, warranties and assurances (statutory, implied or otherwise) are expressly excluded. To the extent that it is legally permissible to do so under applicable law, and subject ot the limitations set out in the section 6 below, N3 Capital Partners further assumes no responsibility for, and makes no warranties or assurances that, functions contained or content will be uninterrupted or error-free, that defects will be corrected, or that web page or any content or any method of access to it will be free of viruses or other harmful components.

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  4. Please note that some jurisdictions do not allow the exclusion of implied warranties. To the extent that they do not, and that jurisdiction governs this clause, some or all of the above exclusion will not apply to you.

  5. Further, also subject to applicable law and the limitations set out in section 7 below, we are not liable for losses which clients may incur or experience in connection with these terms or use of web pages (including the content), even if we know of the possibility of those losses. Subject to any assurances in these terms and conditions and the limitations set out in section 7 below, client is solely responsible for any losses, damages or costs resulting from its reliance on any data or information we may provide in connection with use of our web pages and any content. In no event shall N3 Capital Partners or any of its related parties be liable for any claim or demand against client by any third party.

  6. In no event shall N3 Capital Partners and its related parties’ total liability for any and all damages and causes of action exceed the amount paid by client if any, at the date of the discovery of this damage, for the use of this web page or any content.

  7. Nothing in these terms limits or excludes any liability to the extent contrary to applicable laws or regulations. In particular, nothing in these terms shall, or shall be construed to attempt to, limit any party’s liability for fraud, fraudulent misrepresentation or death or personal injury caused by that party’s negligence.

 

POTENTIAL CONFLICT OF INTEREST

 

Disclosures of potential conflicts of interest relating to N3 and its relevant employees with respect to the issuers, financial instruments and/or financial instruments forming the subjects of this document are valid as of the end of calendar month prior to the publication of this document. Updating this information may take up to 15 working days after the month end.

 

GENERAL TERMS

 

This research by N3 and individual(s) involved in the preparation of the report were at the relevant time employed at N3. The report was prepared for N3 clients and prospective clients. The information herein has been obtained from, and any opinions herein are based upon, sourced believed to be reliable, but N3 does not represent that it is the accurate or complete ant it should not be relied upon such. The report is not intended to be an offer, or the solicitation of any offer, to buy or sell the financial instruments referred to herein or to act as investment advisory. From time to time, N3 or the principals or employees of N3 may have a position in the financial instruments referred to herein or hold options, warrants or rights with respect thereto or other financial instruments of such issuers and may make a market or otherwise act as principal in transactions in any of these financial instruments. N3 or the principals or employees of N3 may from time to time provide investment banking or consulting services to a company being reported on herein. Further information on the financial instruments referred to herein may be obtained upon request.

 

Past performance is not necessarily indicative of the future results and transactions in financial instruments. Any forecasts or expectations shown for companies and/or financial instruments discussed in this document may not be achieved due to multiple risk factors including without limitation market volatility, sector volatility, corporate actions, the unavailability of complete and accurate information and/or the subsequent transpiration that underlying assumptions made by N3 or by other sources relied upon in the document were inapposite. All opinions, forecasts and estimates herein reflect the N3 analyst´s judgment on the date of this report and are subject to change without notice.

 

Not all transactions are suitable for every investor. Investors should consult their investment advisor, to make sure that the planned investment fits into their needs and preferences and that the involved risks are fully understood.

Neither N3  nor any of its respective directors, officers or employees accepts any responsibility or liability whatsoever for any expense, loss or damages arising out of or in any way connected with the use of all or any part of this document.  

This document is for the use of the addressees only and may not be reproduced, redistributed or passed on to any other person or published, in whole or in part, for any purpose, without the prior, written consent of N3. Persons into whose possession this document may come are required to inform themselves about and to observe such restrictions. By accepting this document, a recipient hereof agrees to be bound by the foregoing limitations.

 

REGULATORY AGENCY

 

Investment firm N3 Capital Partners d.o.o. is regulated for the conduct of investment activities in Croatia by the Croatian Financial Services Supervisory Agency (CFSSA).