Principal Terms

The minimum investment is €50,000, although Vita may accept investments of less than €50,000 in specific circumstances and at its absolute discretion.

Vita is targeting aggregate borrowings of €1,500,000.

Vita currently intends to contribute €500,000 to the Investment Programme, such amount to be returned to Vita only if there is a cash surplus at the end of the Term.

30 November 2016.

Vita may make investments at any time until the second anniversary of the closing date.

The term of the Loan Programme will be five years from the closing date.

10% of the Loan paid as interest on the same date as the final Loan repayment.

All interest will be aggregated and paid in a lump-sum on 30 November 2021, unless such payment is delayed in accordance with the terms of the Loan Agreement.

Loan repayments will be made in three equal installments on 30 November 2019, 30 November 2020 and 30 November 2021, unless such payments are delayed in accordance with the terms of the Loan Agreement.
Note:
financial return derived from the Investment Programme will be driven directly by the performance of the Reference Assets. Investors shall have no property interest in (legal or beneficial) the Reference Assets.

Direct costs relate to the delivery, accreditation and maintenance of Projects and will vary in respect of each Project.

Indirect costs relate to the cost of management salaries, office costs, communications, professional services, travel, administration and other miscellaneous costs. Indirect costs will be subject to an annual average amount of €142,000 over the period of the Investment Programme