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Mariana Waste Management EIS: We’re Open!

We are delighted to announce the launch of a new fundraise for the Mariana Waste Management EIS (MWM EIS), following last tax year’s fully subscribed tranche.

An introduction

 

  • The MWM EIS invests in asset-backed companies in the waste management sector.
  • Investee Companies will provide a service to waste management companies to dispose of end-of-life plastic waste that can’t be recycled. Currently, waste management companies transfer the majority of this waste to landfill sites. However, this is increasingly expensive costing upwards of £120 per tonne of waste.
  • Our Investee Companies will offer a service to dispose of this waste for a significant discount to the cost of transferring it to landfill sites. Our Investee Companies will acquire and operate pyrolysis plants. Pyrolysis is a multi-stage thermal and distillation process which converts the plastics into ungraded oils. The system provides a cost effective, efficient and safe solution to the problem faced by many waste management companies.
  • Investee Companies will process a minimum of 50,000 tonnes of plastic waste a year at a fixed price per tonne, under a long-term contracts with reputable counterparties. These contracts will satisfy the entirety of the £20 million fundraise. Since costs and revenues will be set under long-term contracts from the outset, we anticipate returns from this investment will be predictable.

FAQs:

What is the target return?

£1.10 per £1 invested at the end of the 3 year period, net of all fees.


When will shares be allotted?

All funds will be invested in the current tax year. Our target share allotment dates are in mid November 2017, late December 2017 and in early April 2018.


How long will the EIS3 certificates take?

We aim to deliver EIS3 certificates to investors within 12 months of their share allotment date.

 


How much will be raised?

We are aiming to raise £20 million in the current tax year.


When does the fundraise close?

The fundraise will close on the 31st March 2018, or earlier if capacity is reached.


What happens after the 3 year investment period?

We aim to offer an exit opportunity for investors who wish to exit at the end of the 3 year period. In reality, the timeframe for exit could be 4 years or more. Exit is not compulsory: investors can remain invested if they wish to.


 

 

 

 

 

 

 

 

 

 

 

 

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Earlybird discount:

For applications, with cleared funds, received before the 15th December 2017, Mariana’s initial fee will be reduced by 0.5%.

 

RISK WARNING

The following pages refer to Mariana investment products. It is important that you read and understand the risk statements below before you proceed.

Mariana’s investment products may provide both individual and institutional investors with flexible and innovative investment solutions offering varying levels of risk, asset exposure, capital protection and tax exposure.

It is important, however, that you understand the risks attached to your investments. The key risk factors are summarised below, but please remember that these are general risks and the risks that are relevant to individual products are set out in the brochure for that product.

Mariana does not provide investment advice in relation to investment products and we strongly recommend that you discuss any proposed investment with your financial adviser before you invest.

Investment in a Mariana product should form part only of your investment portfolio. You should also maintain savings you can access at short notice in case of emergency to meet any short term cash needs that may arise during the term of your investment.

Investment Risk – This is the risk arising from the market(s) or asset(s) into which your investment is made or to which the performance of your investment is linked. Their value might decrease, which could cause you to lose money or, if they increase, the amount of the increase may be greater than the return you get from your investment in a Mariana product.

Counterparty Risk – This is the risk that the financial institution by whom your investment is backed gets into financial difficulties and does not, or cannot, pay the amounts due in relation to your investment. This could cause you to lose some or all of your money and any investment returns that would have otherwise been payable.

Term Risk – This is the risk that an investor’s circumstances could change, forcing the early encashment of an investment. Such early encashment will be subject to a fee and the amount repaid is likely to be less than the initial capital invested. An investor should be aware that they may not be able to access the value of their investment immediately.

Inflation Risk – This is the risk that inflation may reduce the real value of your investment over time.

Tax Risk – The values of any tax reliefs generated by your investment will depend on your individual circumstances. You should note that the levels and bases of taxation and reliefs available may change in the future and changes may be applied retrospectively.

ISA Transfer Risk – if you wish to transfer an existing ISA, it must be done in cash. This means that your existing ISA manager will sell your investment and you are likely to be charged an exit fee. There is then the possibility of a loss of income or growth if markets should rise while your transfer is being processed.

Cancellation Risk – This is the risk that if you decide to cancel the investment after it has been purchased you are likely to lose some of your money.

It is important that you read all the related Mariana product literature carefully and in full so that you understand how the product works and can decide whether or not you are prepared to accept the risks and the possible consequences of investing in a particular product, before proceeding with your investment.

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