Shares in Speedferries

SpeedFerries

I received an email from SpeedFerries today which at first I thought was spam, but on careful reading I realised it wasn't as SpeedFerries Investor's page makes some similar points.

Here's the email:

Dear Customer,

Many of our loyal customers have asked for shares in our Dover-Boulogne ferry company, but Speedferries is legally prevented from issuing shares save to certain categories of investor. We are accordingly up-dating our records to establish whether any of our customers fall within any of the following permitted categories of investor:

(a) a high net worth individual;

(b) a sophisticated investor;

(c) a self certified sophisticated investor.

If you fall within any of the above categories and would be interested in investing in ordinary shares of Speedferries, please reply to this e-mail by sending an email to shares@speedferries.com indicating which category you fall in. We will then be able to check with you your paperwork supporting your category. Please note that the minimum investment will be £50,000.

A high net worth individual must have an annual income to the value of £100,000 or more or hold net assets to the value of £250,000 or more [excluding for these purposes the primary residence, any loans secured on the primary residence, and all pensions benefits] and sign a confirmatory certificate in the required format.

A certified sophisticated investor is a person who has a current certificate in writing in the required format signed by a person authorised by the Financial Services Authority to the effect that he or she is sufficiently knowledgeable to understand the risks associated with investments in an unlisted company.

A self-certified sophisticated investor is a person who is a member of a network or syndicate of business angels and has been for at least the last six months before the date of the certificate; or made more than one investment in an unlisted company in the two years before that date; or is working, or has worked in the two years before that date, in a professional capacity in the private equity sector, or in the provision of finance for small or medium enterprises; or is currently, or has been in the two years before that date, a director of a company with an annual turnover of at least £1 million.


Kind regards

Curt Stavis
Chief Executive

I've been quite impressed and pleased with the service that Speedferries offer and would possibly have considered investing in them. Regrettably though I don't qualify for the 'high net worth' and 'minimum £50,000 investment'

8-(