Legal Disclaimer

Pact Capital AG (“Pact Capital”) and Holt Global Group (“Holt Global”) offer the newsletter for its clients and business partners for information purposes only. The addressees of the newsletter shall not, without Pact Capital’s and Holt Global’s prior approval, reproduce, further distribute, or publish it without Pact Capital’s Holt Global’s prior approval.

Any numerical data contained in this publication is confidential. Clients and business partners receiving this publication shall keep such numerical data confidential and shall not redistribute such data (or any part thereof) or works derived from such data to third parties.

All information and data used in the preparation of this publication has been compiled from publicly available or subscription-based sources that Pact Capital and Holt Global  believe to be reliable. However, Pact Capital and Holt Global and its third-party sources do not represent, warrant, or guarantee that this information or data is accurate or complete and have not sought for this information to be independently verified.

Views or opinions contained in this publication are subject to change. However, Pact Capital and Holt Global has no obligation to correct or update such views, opinions or the information contained herein.

Any views, opinions or recommendations contained in this publication reflect solely and exclusively those of the author(s), and such views or opinions were prepared independently of any other interests, including those of Pact Capital and Holt Global or any third-party. .

Forward-looking information, statements or opinions in this publication contain information based on assumptions, forecasts of future results, estimates of amounts not yet determinable and therefore involve known and unknown risks, uncertainties and other factors which may cause such forward looking information, statements or opinions (or their actual results, performance or achievements of their subject matter) not to be accurate.

Pact Capital and Holt Global do not guarantee or warrant the accuracy of the information or estimates contained in the newsletter and makes no express or implied warranties as to the merchantability or fitness for a particular purpose or use with respect to any of the information, statement, opinion, estimate or data included in this publication. Without limiting anything contained herein and to the fullest extent permitted by law, in no event shall Pact Capital and Holt Global , nor any of their respective officers, directors, or employees have any liability for: (a) any direct, indirect, special, punitive or consequential damages, losses, costs or expenses; or (b) any lost profits, lost revenue, loss of anticipated savings or loss of opportunity or any other financial loss, even if notified of the possibility of such loss or damages, arising out of or in connection with the access to, use of or reliance on any information contained in this publication. Any third-party sources referred to in this publication shall not be liable for any loss or damage whatsoever arising from any reliance on their data to the extent it has been referred to or is republished herein. All such third parties disclaim any and all liability related to or arising out of use of their data to the full extent permissible by law. Pact Capital and Holt Global are not responsible for, and makes no warranties whatsoever as to, the content of any third-party web site accessed via a hyperlink in this publication and such information is not incorporated by reference.

This publication is directed at, and therefore should only be relied upon by, clients and business partners who have professional experience in matters relating to investments. This publication does not constitute personal investment advice and does not consider the individual circumstances or objectives of the clients and business partners who receive it. Any prices contained in this publication are indicative and Pact Capital  and Holt Global are not offering to buy or sell or soliciting offers to buy or sell any product or instrument. No mention of a particular product or instrument in this publication constitutes a recommendation to buy, sell or hold that or any security or that any transaction or investment strategy is suitable for any specific person.

Pact Capital and Holt Global  recommend that the addressees independently evaluate any market sectors or products discussed herein and consult an independent advisor as they believe necessary to make any decisions, investments or use the estimates, opinions or statements contained in the newsletter.

If you have any questions, comments, complaints, or requests, please contact us online or in writing:

Legal Department
Pact Capital AG
67 Rue du Rhône – 1207
Geneva, Switzerland