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DISCLAIMER – IMPORTANT
ELECTRONIC VERSIONS OF THE MATERIALS (THESE "MATERIALS") YOU ARE SEEKING TO ACCESS ARE BEING MADE AVAILABLE ON THIS WEBSITE BY ADMIRAL GROUP PLC ("ADMIRAL") IN GOOD FAITH AND ARE FOR INFORMATION PURPOSES ONLY.
THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSIBLE BY PERSONS IN ANY JURISDICTION WHERE THE EXTENSION OF AVAILABILITY OF THE MATERIALS TO WHICH YOU ARE SEEKING ACCESS WOULD BREACH ANY APPLICABLE LAW OR REGULATION OR WOULD REQUIRE ANY REGISTRATION OR LICENSING WITHIN SUCH JURISDICTION.
IMPORTANT: You must read the following notice carefully – it applies to all persons who access this website. Please note that the disclaimer set out below may be altered or updated. You should read it in full each time you visit the site. If you access these Materials on this website, you agree to be bound by the terms and conditions below. If you do not agree to the terms and conditions, do not access this website or view any of these Materials.
Restrictions on access
Viewing the information in these Materials may be restricted and is not for release, publication or distribution, in whole or in part, directly or indirectly, in certain jurisdictions. In other jurisdictions only certain categories of person may be allowed to view these Materials.
The Materials are for information purposes only and do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in any jurisdiction in which such offers or sales are unlawful.
The notes to which these Materials relate (the "Notes") have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or with any securities regulatory authority of any state of the United States or any other jurisdiction and may not be offered, delivered or sold within the United States (as defined in Regulation S ("Regulation S") under the Securities Act), except in accordance with Regulation S or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state or local securities laws.
Unless an exemption under relevant securities laws is applicable, any such securities may not be offered, sold, resold, taken up, exercised, renounced, transferred, delivered or distributed, directly or indirectly, in or into any jurisdiction if to do so would constitute a violation of the relevant laws of, or require registration of such securities in, any other relevant jurisdiction. No public offering of Notes will be made in the United States or in any other jurisdiction where such an offering is restricted or prohibited.
These Materials are only addressed to and directed at persons in member states of the European Economic Area (the "EEA") who are "qualified investors" within the meaning of Article 2(e) of the Prospectus Regulation (Regulation (EU) 2017/1129), as amended ("Qualified Investors"). In addition, in the United Kingdom, the Materials are being distributed only to, and is directed only at, persons who are "qualified investors" within the meaning of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended (the "EUWA") who are (a) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); (b) high net worth entities falling within Article 49(2)(a) to (d) of the Order and other persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as "Relevant Persons"). Any investment or investment activity to which these Materials relate is available only to relevant persons in the United Kingdom and Qualified Investors in any member state of the EEA, and will only be engaged with such persons.
PROHIBITION OF SALES TO EEA RETAIL INVESTORS – The Notes referred to on the following webpages are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the EEA. For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, "MiFID II"); or (ii) a customer within the meaning of Directive (EU) 2016/97, as amended or superseded, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II. Consequently, no key information document required by Regulation (EU) No 1286/2014, as amended (the "EU PRIIPs Regulation") for offering or selling such securities or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling such securities or otherwise making them available to any retail investor in the EEA may be unlawful under the EU PRIIPs Regulation. Therefore, the information on the following webpages is not available to, and must not be accessed or acted on by, any retail investor in the EEA.
PROHIBITION OF SALES TO UK RETAIL INVESTORS - The securities referred to on the following webpages are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the United Kingdom. For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) No 2017/565, as it forms part of domestic law of the United Kingdom by virtue of the EUWA; (ii) a customer within the meaning of the provisions of the Financial Services and Markets Act 2000, as amended (the "FSMA") and any rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law of the United Kingdom by virtue of the EUWA or (iii) not a qualified investor as defined in Article 2 of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the EUWA. Consequently, no key information document required by Regulation (EU) No 1286/2014 as it forms part of domestic law of the United Kingdom by virtue of the EUWA (the "UK PRIIPs Regulation") for offering or selling such securities or otherwise making them available to retail investors in the United Kingdom has been prepared and therefore offering or selling such securities or otherwise making them available to any retail investor in the United Kingdom may be unlawful under the UK PRIIPs Regulation. Therefore, the information on the following webpages is not available to, and must not be accessed or acted on by, any retail investor in the United Kingdom.
Basis of access
Some of the information on the following webpages is being made available in order to comply with legal and regulatory requirements and does not, under any circumstances or in any jurisdiction constitute an offer to sell or the solicitation of an offer to buy any securities of Admiral. Further, it does not constitute a recommendation by Admiral or any other party to sell or buy securities of Admiral (including the Notes).
Unless otherwise determined by Admiral and permitted by applicable law and regulation, copies of these Materials are not being, and must not be, released or otherwise forwarded, distributed or sent in or into any jurisdiction in which offers or sales are unlawful and persons receiving such documents, (including custodians, nominees and trustees) must not distribute or send them in or into the foregoing countries. Any failure to comply with any such restrictions may constitute a violation of the securities laws of such jurisdiction.
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These Materials must not be, released or otherwise forwarded, distributed or sent in or into the any jurisdiction in which such offers or sales are unlawful. Persons receiving such documents (including custodians, nominees and trustees) must not distribute or send them in, into or from any jurisdiction in which such offers or sales are unlawful.
General
These Materials do not constitute or form part of, and should not be construed as, any offer, invitation or recommendation to purchase, sell or subscribe for any securities in any jurisdiction and neither the issue of the information nor anything contained therein shall form the basis of or be relied upon in connection with, or act as an inducement to enter into, any investment activity.
No information made available on the following webpages is or purports to be investment, tax or other advice or is intended to provide the basis of any credit or other evaluation. Nor should any such information be considered a recommendation by Admiral or any of its affiliates or their respective directors, officers, employees or agents (or any related person or entity) to purchase or sell any securities.
Neither Admiral nor any of its affiliates or their respective directors, officers, employees or agents (or any related person or entity) acts as an adviser to, nor owes any fiduciary duty to, any person accessing the following webpages.
The information contained in these Materials is not comprehensive. Not all such information may be accurate and up to date in all respects and Admiral accepts no responsibility to update the information contained in this website. No reliance may be placed for any purpose whatsoever on the information contained in these Materials. All information is provided without any warranties of any kind and Admiral, its affiliates and their respective directors, officers, employees or agents (or any related person or entity) make no representations and disclaim all express and implied warranties and conditions of any kind, including, without limitation, representations, warranties or conditions regarding accuracy, timeliness, completeness, non-infringement, merchantability or fitness for any particular purpose and Admiral, its affiliates and their respective directors, officers, employees or agents (or any related person or entity) assume no responsibility to you or any third party for the consequences of any errors or omissions. Neither Admiral nor any of its affiliates or their respective directors, officers, employees or agents (or any related person or entity) accept any liability for any direct or indirect or consequential loss or damages of any kind resulting from any use of this website or any information contained in it. Admiral, its affiliates and their respective directors, officers, employees or agents (or any related person or entity) accept no responsibility for any contravention of applicable securities laws and regulations by persons as a result of false information provided by such persons.
Certain information in these Materials is of a historical nature and may be out of date. All historical information should be understood to speak from the date of its publication. Actual results and developments may be materially different from any opinion or expectation expressed in these Materials. In addition, past performance is no guide to future performance, whether of Admiral or its securities.
Certain statements contained in the Materials available on this part of the website constitute forward-looking statements. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ Materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Forward-looking statements contained in these Materials that reference past trends or activities should not be taken as a representation that such trends or activities will necessarily continue in the future. You should not place undue reliance on forward-looking statements, which speak only as of the date of the relevant document.
Making available any information prepared by or sourced from third parties (parties other than Admiral or its affiliates) on the following webpages does not imply any endorsement, representation or responsibility by Admiral, any of its affiliates or their respective directors, officers, employees or agents (or any related person or entity) for such information.
The links to other locations on the internet on the following webpages are provided for convenience. This does not mean that Admiral nor any of its affiliates is connected with, or endorse the relevant website, resource or information provided in them. Neither Amdiral nor any of its affiliates have verified the content of any such websites. Neither Admiral nor any of its affiliates or their respective directors, officers, employees or agents (or any related person or entity) is responsible for the accuracy or content of those websites or resources. Those websites or resources may have their own terms, conditions and policies, and it is your duty to ensure that you comply with them. Neither Admiral nor any of its affiliates or their respective directors, officers, employees or agents (or any related person or entity) accepts any liability, no matter how that may be caused, for any failure on your part to view, comply or familiarise with any such terms, conditions and policies.
These Materials have been made available to you in an electronic form. You are reminded that Materials transmitted via this website may be altered or changed during the process of electronic transmission and consequently Admiral does not accept any liability or responsibility whatsoever in respect of any difference between the Materials distributed to you in electronic format and any hard copy version. By accessing these Materials, you consent to receiving it in electronic form.
You are responsible for protecting against viruses and other destructive items. Your receipt of these Materials via electronic transmission is at your own risk and it is your responsibility to take precautions to ensure that it is free from viruses and other items of a destructive nature.
Governing law
These terms and any non-contractual obligations arising out of or in connection with them are governed by and shall be construed in accordance with English law.
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