Trading Information Disclosures
Argus Vickers American Equity Research Limited
Place of registration:
Address of registered office:
64 London Wall, 1st Floor, London EC2M 5TP
The Argus trademark, service mark and logo are the intellectual property of The
Argus Research Group, Inc. The information contained on this site is produced and
copyrighted by Argus Vickers American Equity Research Limited ("AVA"), Argus Research
Company ("ARC") and Vickers Stock Research Corporation ("Vickers", and, collectively
with AVA, ARC, The Argus Research Group, Inc., and their affiliates, "Argus-Vickers").
Any unauthorized use, duplication, redistribution or disclosure of this information
is prohibited by law and can result in prosecution.
This site, and the information contained on this site, are not an offer to sell, or
a solicitation of an offer to buy, any security. The information, reports and material
presented on this site are for general information only and do not specifically address
individual investment objectives, financial situations or the particular needs of any
specific person who may view this site or receive any information or report contained
on this site.
Investing in any security or investment strategy discussed may not be suitable for you
and it is recommended that you consult an independent investment adviser. Nothing on
this site, or any report or information contained on this site, constitutes individual
investment, legal or tax advice. The opinions and information contained on this site
and the reports contained on this site have been obtained or derived from sources believed
to be reliable, but Argus-Vickers makes no representation as to their timeliness, accuracy
Argus-Vickers may issue, or may have issued, other reports or information that are
inconsistent with, or that may reach different conclusions than, those represented
on this site and the reports and information contained on this site, and all opinions
are reflective of judgments made on the original date of publication. Argus-Vickers is
under no obligation to ensure that other reports or information are brought to the
attention of any viewer of this site or any recipient of any information or report
contained on this site. Argus-Vickers shall accept no liability for any loss arising
from the use of this site or any information or report contained on this site and
shall not treat all viewers of this site, or recipients of any information or report
contained on this site, as customers simply by virtue of their viewing this site or
having received this material.
Investments involve risk and an investor may incur either profits or losses. Past
performance should not be taken as an indication or guarantee of future performance.
Argus-Vickers officers, directors, employees, agents and/or affiliates may have
positions in securities discussed on this site or in any information or report contained
on this site.
This site is in no way a solicitation or offer to sell securities or investment advisory
services. The information provided on this site is not intended for distribution to, or
use by, any person or entity in any jurisdiction or country where such distribution or
use would be contrary to law or regulation or which would subject Argus-Vickers to any
registration requirement within such jurisdiction or country.
Terms and Conditions
This site and its content are provided to you as a service of Argus Vickers. By accessing
and using this site, you agree to certain terms and conditions as outlined herein.
AVA provides financial information for investment bank equity traders, corporate financiers,
institutional stockbrokers, investor relations consultants and others by identifying fund
manager and beneficial owner shareholdings in UK and Irish public limited companies and
Limited companies. Your use of this information is entirely at your own risk and it is your
sole responsibility to evaluate the usefulness of all information. AVA is not registered
with the Financial Conduct Authority and is not a registered investment adviser or broker
Access to, and use of, password-protected and secure areas of this site is restricted to
authorized users only. You will be responsible for any use of your password and for maintaining
the confidentiality of that password.
Timeliness of Content
The information displayed on this site, including, but not limited to, reports, information
and other opinions, is current as of the date appearing on such information and is subject
to change without notice. Argus Vickers does not guarantee or warrant the accuracy, timeliness
or completeness of any information on this site.
Copyrights, Trademarks, Intellectual Properties
Argus Vickers is the owner of this site and Argus Vickers and/or certain third parties are the
owner of all intellectual property rights in all materials and/or data used herein. All trade
names, trademarks, service marks and other product and service names and logos on this site,
including, but not limited to, any of the foregoing owned by Argus Vickers or FTSE International
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by applicable trademark and copyright laws.
You acknowledge and agree that the Marks are famous, well-known and internationally recognized
trade names, trademarks and service marks owned by their owners or their licensors as the
case may be. You have no rights to such Marks. You recognize the great value of the reputation
and goodwill associated with the Marks and agrees that all goodwill associated with the
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to their owners or their licensors as the case may be. You further acknowledge and agree
that (A) all information on this site is the exclusive property of its owners, not within
the public domain and is protected by copyright and other intellectual property rights and
(B) the information on this site is created by its owners or obtained from third parties and
that you are not obtaining any ownership rights of any kind to any such information, which
rights shall remain at all times with their owners. You will not contest the ownership or
validity of any rights of in the Marks or any information on this site. Any unauthorized use
of any Mark or any other content is strictly prohibited.
Industry Classification Benchmark ("ICB") is a product of FTSE International Limited ("FTSE")
and all intellectual property rights in and to ICB vest in FTSE. Argus-Vickers has been licensed
by FTSE to use ICB. "FTSE" is a trade mark of London Stock Exchange and The Financial Times
Limited and is used by FTSE under license. FTSE and its licensors do not accept any liability
to any person for any loss or damage arising out of any error or omission in ICB.
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adapt, reproduce, further transmit translate, reverse engineer, decompile, disassemble, sublicense
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limited to the Internet, Intranet or other type of network. All forms of copying, sub-licensing,
reselling, republication or other form of distribution, including, but not limited to, any
internet posting, electronic mailing, faxing, archiving in a public database or redistributing
through any computer network, or in any printed form, to third parties, is strictly prohibited
unless previously agreed to by Argus-Vickers in writing.
Your use and access to this site shall be governed by the laws of the United Kingdom. You
hereby agree that any legal action arising out of, or relating, to this site shall be
originated in the United Kingdom Court of Law. You hereby consent to such jurisdiction
and irrevocably waive any objections thereto, including on the grounds of forum non
conveniens. This site and its contents are not intended for use or distribution by any person
in any jurisdiction where such use or distribution would be contrary to local law, rule or
regulation. Regardless of where you access any such information, you agree to comply with
all applicable United Kingdom laws, rules, and regulations, including, but not limited to,
those laws, rules and regulations regarding the export of data. You are also responsible
for complying with all other rules, laws and regulations that may be applicable to your
use of any Argus Vickers information.
ALL INFORMATION ON THIS SITE (INCLUDING, BUT NOT LIMITED TO, ANY INFORMATION PROVIDED TO
ARGUS VICKERS BY ANY THIRD PARTY) IS PROVIDED TO YOU "AS IS" AND WITHOUT WARRANTY OF ANY
KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF
TIMLEINESS, SEQUENCE, ACCURACY, COMPLETENESS, CURRENTNESS, MERCHANTABILITY, QUALITY OR
FITNESS FOR A PARTICULAR PURPOSE AND ERROR-FREE AND UNINTERRUPTED SERVICES AND ANY WARRANTIES,
EXPRESS OR LIMITED, WITH REPSECT TO THE RESULTS TO BE OBTAINED BY YOU FROM ANY INFORMATION
ON THIS SITE IN CONNECTION WITH THE USE OF ANY SUCH INFORMATION. PAST PERFORMANCE IS NO
GUARANTEE OF FUTURE RESULTS.
THE ACCURACY, COMPLETENESS, SEQUENCE OR TIMELINESS OF THE INFORMATION ON THIS SITE CAN NOT
BE GUARANTEED. NONE OF ARGUS VICKERS OR ITS AFFILIATES, MEMBERS, SHAREHOLDERS, DIRECTORS,
OFFICERS, EMPLOYEES, CONTROL PERSONS, VENDORS, AGENTS AND LICENSORS SHALL HAVE ANY
RESPONSIBILITY FOR ANY LOSS OR DIRECT, INDIRECT, CONSEQUENTIAL, SPECIAL OR OTHER DAMAGES
THAT YOU MAY INCUR AS A RESULT OF ANY DECISION MADE OR ACTION TAKEN IN RELIANCE BY YOU ON
ANY INFORMATION OR SERVICES CONTAINED ON THIS SITE, FOR THE RELIABILITY, ACCURACY,
COMPLETENESS, SEQUENCE OR TIMELINESS THEREOF, FOR ANY DELAYS OR ERRORS IN THE TRANSMISSION
OR DELIVERY OF ANY PART OF THE INFORMATION OR SERVICES CONTAINED On THIS SITE, OR FOR ANY
UNAUTHROIZED USE BY YOU OF ANY PART OF THE INFORMATION OR SERVICES CONTAINED ON THIS SITE.
None of Argus Vickers or any third party shall be responsible for, or assumes any liability
(including, but not limited to, any damage or loss), to you based upon any use, or the
results of any use, of any Argus Vickers service or data base, including, without limitation:
(a) any financial results based on the use of any Argus Vickers service, rating or information;
(b) any delay, or loss of use of, any such service, rating or information, or any system
performance; and (c) any effect on, or damage to, any software and hardware in connection
with any use of this site or any service or information contained on this site.
In addition to, and without limiting the foregoing, none of Argus Vickers or any third party
shall be liable for any harm caused by the transmission, through this site or any service or
information contained on this site, of any computer virus or other computer code or
programming device that might be used to access, modify, delete, damage, corrupt, deactivate,
disable, disrupt or otherwise interfere, in any manner, with the operation of this site, any
information or services contained on this site, or any of your software, hardware, data,
network or property.
Argus Vickers may deny you access to all or part of this site, or any service or information
contained on this site, without notice if you engage in any conduct or activity that Argus
Vickers, in its sole discretion, believes violates any term of these Terms and Conditions
or any applicable law, rule or regulation.
Argus Vickers' failure to insist upon, or enforce strict performance of, any provision of
these Terms and Conditions shall not be construed as a waiver of any such provision or of
any right of Argus Vickers. Neither any course of conduct between parties, nor any industry
practice, shall act to modify any provision of these Terms and Conditions.
In the event that any portion of these Terms and Conditions is held to be unenforceable, such
portion shall be construed in accordance with applicable laws, rules and regulations to
reflect, as closely as possible, the original intentions of these Terms and Conditions and
the remainder of the provisions of these Terms and Conditions shall remain in full force
We may make changes to this site, any information or services on this site, or these Terms
and Conditions at any time without any notice. You should periodically visit this page to
review current Terms and Conditions to which you are bound.
Not an Offer
This site, and the services, information, materials and data contained on this site, do
not constitute an offer to sell, or the solicitation of an offer to buy, any security, and
must not be relied upon in connection with any investment decision.
You hereby indemnify and hold harmless Argus Vickers and its affiliates, members, shareholders,
directors, officers, employees, control persons, vendors, licensors and agents against any and
all claims, losses, liabilities, damages, costs and expenses (including reasonable solicitors
fees and costs) arising out of, or related to, your breach of your agreements, representations
and warranties contained herein or your use of any services or information: I) in violation of
these Terms and Conditions; II) in violation of any rights of Argus Vickers, including, but not
limited to, copyright, patent, trade secret, trademark or other intellectual property rights
and publicity and privacy rights; III) in violation of any applicable rule, law or regulation;
or IV) your failure to maintain the security of your user codes and passwords. This
indemnification shall be binding upon you and your executors, heirs, successors and