The Company’s objective is to generate an attractive rate of return for Shareholders, predominantly through capital appreciation, by taking advantage of opportunities to invest in businesses focusing on the wine sector including the agricultural and production aspects of winemaking but also related and synergistic distribution activities and sectors, including traditional distribution related activities such as luxury food, fine dining, wine tasting events etc. and newly emerging distribution sectors or activities involving e-commerce and online marketing activities related to the same.
The Company may invest in any one or more of such sectors and/or may invest in any one sector and/or, without limitation, may seek to develop an investment in that sector by taking advantage of and pursuing strategies through and synergies afforded by the other sectors. The Company will seek to invest in businesses at any stage of the production or distribution process and any closely associated industries such as related hospitality and event experiences and e-commerce or technology driven routes to market.
The Company aims to provide equity and equity-related investment capital, such as convertible loans, to companies which are seeking capital for growth and development, consolidation or acquisition, or as a pre-IPO round of financing. The Company’s equity interest in a proposed investment may range from a minority position to 100 per cent ownership. The proposed investments are likely, in the majority of cases, to be unquoted, but may include publicly traded securities. These investments may be made in combination with additional debt or equity-related financing and, in appropriate circumstances, in collaboration with other financial and/or strategic investors. It is likely that a substantial portion of the Company’s financial resources will be invested in building a broad portfolio of assets through smaller investments.
Proposed investments may be made in either quoted or unquoted companies and may be structured as the Board determines is most suitable for the particular investment. There will be no limit on the number of businesses or projects into which the Company may invest, and the Company’s financial resources may be invested in a number of propositions or in just one investment. Where the Company builds a portfolio of related assets it is possible that there may be cross-holdings between such investments.
The Company intends to be an involved and active investor. Accordingly, where necessary, the Company may seek participation in the day to day management through board representation, with a view to seeking to improve the performance and growth of the business.
The Company will consider any geographical area, to the extent that the investment fits within the Investing Policy.
The Company will not be subject to any borrowing or leveraging limits.
The Directors consider that as investments are made, and new opportunities arise, further funding of the Company will be required.