Terms & Conditions

Please read this important information before accessing the website.

These Terms and Conditions were last revised in January 2019.

​Please read the following terms and conditions carefully. The information contained on these website pages (this “Site”) is communicated and issued by Iona Capital Ltd in accordance with the following terms and conditions. By accessing any part of this Site, you will be deemed to have accepted these Terms and Conditions in full. If you do not accept these Terms and Conditions please do not continue to access this Site. Save as mentioned below, references to “Iona”, “Iona Capital”, “The Manager”, “we” and “our” are to Iona Capital Ltd. 

​The information contained within this Site does not constitute an offer to invest or an invitation to apply for securities:

​In any jurisdiction where such offer or invitation is unlawful; or 

  • In which the person making such offer or invitation is not qualified to do so; or 
  • To whom it is unlawful to make such offer or invitation. 

​The information has been issued and approved by Iona Capital Ltd and does not in any way constitute investment, tax, legal or other advice. Investors should not rely on any information or opinions contained in this Site in making an investment or other decision but should obtain appropriate and specific professional advice. Nothing contained on this Site constitutes or should be construed to constitute investment, legal, tax or other advice. The information contained on this Site shall in no way be construed to constitute a recommendation with respect to the purchase or sale of any investment.

​The website is provided for the main purpose of providing generic information on Iona Capital Ltd and on the products and funds we currently manage. Persons accessing specific information about the funds and investment products referred to on this website are strongly advised to refer to the relevant terms and conditions of access, including any relevant risk warnings and disclaimers, and in the event that they do not accept them, should not proceed to access the material to which they are applicable.


Iona Capital Ltd is authorised and regulated by the Financial Conduct Authority. FCA firm reference number 121887. The website of the Financial Conduct Authority (“FCA”) can be accessed at http://www.fca.org.uk/.

​Iona Capital Ltd is a limited company incorporated in England and Wales (registered number 01583260). Its registered office is at 123 Pall Mall, London, SW1Y 5EA.

​Risk Factors

The following list of risk factors is provided as an indication of the variety of risks which exist with investment in the funds and investment services featured on this website (‘Iona Funds”, “Iona Investment Services”). Not all risks as stated will necessarily apply to each of the Iona Funds or Iona Investment Services. Investors’ attention is nevertheless drawn to these risks as investments in the Iona Funds or Iona Investment Services may not be suitable for all investors.

​You should note that investment in any of the of the Iona Funds or Iona Investment Services should ONLY be made on the basis of reading any applicable Documentation (including any Brochure, Fund Prospectus, Offer Documents and Disclosure Documentation) or Terms and Conditions of Investment as appropriate.

Risks Applicable to All Iona Funds and Investment Services

  • The value of shares and the income from them can go down as well as up. An investor may not get back the amount originally invested. 
  • Past performance is not a guide to the future. 
  • Changes in exchange rates may cause the value of investments to go up or down. 
  • Investments in derivative Instruments, including futures, options or contracts for differences, carries a high risk of loss, the markets in these investments being highly volatile 
  • Investing in smaller companies, including AIM companies, can carry greater risks than those usually associated with large capitalisation companies. 
  • If you exercise any cancellation rights you may have, you may not get back the full amount of your investment. 
  • Where income is insufficient to pay charges the residual is taken from capital which will reduce the rate of capital growth. 
  • Tax assumptions are subject to statutory change and the value of tax reliefs will depend upon individual circumstances.

Disclaimers and Exclusion of Liability

Iona Capital Ltd acts for the funds and clients it manages or advises and not for anyone else. It will not act for, advise or be responsible for providing protections afforded to its customers to anyone other than such funds and clients. Entrepreneurs and others working with Iona Capital Limited should be aware of this and should not expect that they will be treated as customers of Iona Capital Ltd.

​Please do not send us any confidential or proprietary material as we do not agree to obligations of non-disclosure or non-use of material which is sent to us. We receive numerous business plans and other proposals, and reserve the right to review only those which appear to us to fit our investment criteria from time to time and to reject proposals without giving a reason or returning material sent to us. We are not restricted in any way from pursuing opportunities with others. Iona Capital Ltd and funds and clients under its management or advice invest in many companies, some of which may compete with one another.

Whilst we aim to update the Site regularly, its content is provided in good faith “as is” for information purposes only with no representation or warranty, express or implied by Iona Capital Ltd or by any of its members or employees as to its accuracy or completeness or that it is up to date, and it should not be relied on as such.

To the fullest extent allowed by law, Iona Capital Ltd and its members and employees shall not be liable, whether in tort (including negligence) or otherwise howsoever, for any losses, damages, costs or expenses of whatever nature (including (without limitation) any consequential, indirect or unforeseeable loss or loss of bargain, opportunity or profit) incurred or suffered by you or any third party arising out of or in connection with the access to or use of, or linking to other Sites from, this Site or reliance on any information contained on this Site. Nothing in Legal Notice shall limit our liability for death or personal injury resulting from any negligence of Iona Capital Ltd.

Nothing in this Legal Notice excludes or restricts any duty or liability that Iona Capital Ltd may have under the regulatory system (as defined in the glossary to FCA’s Handbook of Rules and Guidance) and which may not be excluded or restricted thereunder.

​Intellectual Property Rights

All intellectual property rights in the Site are owned or licensed by Iona Capital Ltd and are protected by law. We reserve all such rights save that you may print off and download extracts from any part of the Site for your personal reference or to bring to the attention of others within your organisation. You may not use any illustrations, photographs, video or audio sequences or any graphics separately from any accompanying text and the status of Iona Capital Ltd and our contributors as the authors of material on the Site must always be acknowledged. You may not modify or use any content from the Site for commercial purposes without obtaining a license to do so from us or our licensors.

Content and Access

We may withdraw or change Site content at any time without notice and, if the need arises, we may suspend access to the Site, close it indefinitely or restrict access to users who have registered with us.

​You agree to treat, where they exist, any user identification code, password or other piece of information used as part of our security procedures as confidential and not disclose it to any third party. We may disable your access if in our opinion you have failed to comply with any of these Terms and Conditions.

​Your information, Privacy and Cookies

Any personal data provided by you through this Site is accurate to the best of your knowledge and you consent to us processing such information for the purpose you have requested. We will process such information only for this purpose.

The Site does not automatically capture or store your personal data, other than to record your IP address and session information (such as the duration of your visit and the browser used) for administration and compilation of Site use statistics.


Links to other websites and resources provided by third parties are provided for your information only; we have no control over the contents of those sites or resources, and accept no responsibility for them or for any loss or damage that may arise from your use of them.

​You may link to the Site home page, provided you do so in a way that is fair and legal and does not damage or take advantage of our reputation, or suggest any form of association, approval or endorsement on our part where none exists. You may not create a link to any part of the Site other than the home page, establish a link from any website that is not owned by you or frame the Site in any other website. We reserve the right to withdraw linking permission without notice.

​If you wish to make use of material on the Site other than that set out above, please address your request to Nick Ross, Iona Capital Ltd, 123 Pall Mall, London, SW1Y 5EA.


We will not be liable for any loss or damage caused by a distributed denial-of-service attack, virus, worm, Trojan horse or other harmful material that may infect your computer equipment, computer programs, data or other proprietary material due to your use of the Site or to your downloading of any material from it.

​Governing Law

This Site including these Terms and Conditions and all matters arising from or connected with them shall be governed by and construed in accordance with English law and shall be subject to the exclusive jurisdiction of the English courts.


Some of these Terms and Conditions may be superseded by specific provisions published elsewhere on the Site. We reserve the right to vary these terms from time to time by amending this page and you should check it from time to time to note any changes made.

Contact Details for Further Information and Queries 

If you have any queries regarding this website, or would like further information about Iona Capital Ltd, you may send an email to [email protected] or telephone 0207 0643 300.