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Elixir's Disclaimer

Author's statement of independence

We, the authors of this website hereby confirm that notwithstanding the existence of any potential conflicts of interest referred to below, the views expressed on this website accurately reflect our personal views about the company(ies) and securities covered. We further confirm that we have not been, nor will we be, receiving direct or indirect compensation in exchange for expressing any of the views or the specific recommendation(s) contained in this website.

This statement affects your rights

This website is confidential and may not be reproduced, redistributed or republished by any recipient for any purpose or to any person.

Recipients

Access to this website is authorised by Elixir Securities Limited ('Elixir') for its professional and institutional clients. It must not be viewed by private customers.

Use

This research website is produced for the private information of recipients and Elixir is not soliciting any action based upon it. This website is not and should not be construed as an offer to sell or a solicitation of an offer to buy any securities. Opinions in this website, represent the author's present opinion only and may be subject to change. In the event that the author's opinion should change, or a new analyst with a different opinion become responsible for our coverage of the company, we shall endeavour to disseminate any change, unless prevented by regulations, applicable laws, internal procedures within Elixir or other circumstances. If you are not a client of ours, you are not entitled to view this website and should leave it.

Good faith and limitations

All information, including statements of fact, contained in this research website have been obtained and compiled in good faith from sources believed to be reliable. However no representation or warranty, express or implied, is made by Elixir with respect to the completeness and accuracy of its contents, and it is not to be relied upon as authoritative and should not be taken in substitution for the exercise of reasoned, independent judgement by you. Recipients are urged to base their investment decisions upon such investigations as they deem necessary. To the extent permitted by applicable law, no liability whatsoever is accepted by Elixir for any direct or indirect consequential loss arising form the use of this website or its contents.

Potential conflicts of interest

Directors and employees of Elixir may, from time to time buy or sell the securities or related derivative products of the companies referred to in this website, or have a long or short position or holding in such securities.