This communication includes information that constitutes an Investment Recommendation (“IR”), as defined by Article 20 of the EU Regulation on Market Abuse (no. 596/2014).
This IR has been produced by Marex Financial, a company incorporated under the laws of England and Wales (company no. 5613061 and VAT registration no. GB 872 8106 13), and authorised and regulated by the Financial Conduct Authority (FCA registration no. 442767). Marex Financial’s registered address is at 155 Bishopsgate, London, EC2M 3TQ.
This IR may contain forward looking information, estimates, opinions, projections, forecasts, price targets, subjective judgment and analysis and statements regarding current market expectations. Forward looking information may be subject to change without notice.
The facts and recommendations contained within this IR have been produced on the basis of: (i) publicly available sources believed to be reliable; and (ii) internally developed data. Reasonable care has been taken to ensure the information contained within this report is objective and that facts stated are fair, clear and not misleading. Nonetheless, the accuracy, completeness, currency or fitness for purpose of any information contained in this IR cannot be guaranteed.
This IR has been prepared in accordance with our organisational requirements designed to promote independence and objectivity, and to avoid conflicts of interest in preparing IRs.
Marex has certain house accounts which are traded by Marex traders. Marex’s traders will also receive this IR and may place orders in accordance with it. In order to minimise any potential conflicts of interests, Marex’s traders will not have received this IR prior to you or its other clients, and are only permitted to act upon this IR once a reasonable amount of time has been allowed for you and other clients in receipt of this IR to consider the IR and place any order they consider appropriate.
This IR has been prepared for Marex’s institutional clients. It is not intended for distribution to retail clients, nor is it intended for use by any other person than the addressee. If you are not the addressee, please delete it and immediately notify the Marex Group Compliance department.
This IR may not be distributed in any jurisdiction where its distribution may be restricted by law. Additional material relating to any security, transaction or investment referred to in this IR may be made available upon request. No part of this IR may be redistributed, copied or reproduced without the prior written consent of Marex. You must not distribute any part of this IR to any other person without attaching a copy of this disclaimer.
Marex is not liable for any losses relating to the accuracy, completeness or use of information in this communication, including any consequential loss.