Disclaimer

The Terms of Use (“Terms of Use”) set forth below apply to this website (the “Site”), a service of Sand Grove Capital Management LLP and its affiliates (referred to collectively as “Sand Grove”, “we,” “us,” “our” and other similar pronouns).

Please read the following Terms of Use before using the Site or any data, materials, information, or services contained on the Site. Should you not agree with any of the Terms of Use contained herein, then do not use the Site. The Site is offered to you conditioned on your acceptance without modification of the Terms of Use and any other terms, conditions, and notices contained herein.

BY ACCESSING THE SITE YOU ACCEPT IN THEIR ENTIRETY THESE TERMS AND YOU ACKNOWLEDGE AND AGREE THAT YOU HAVE READ AND AGREE TO THESE TERMS AND PROVISIONS AND THAT YOU HAVE RECEIVED A COPY OF THESE TERMS BY VIEWING A INTERNET PAGE CONTAINING A HYPERLINK TO THE INTERNET PAGE WHERE THESE TERMS ARE DISPLAYED OR OTHERWISE. The terms “you” or “your” in these Terms refer to both you personally and any other person or entity on whose behalf you are accessing the Site as the context requires.

Sand Grove may change the Terms of Use at any time, without prior notice. Such changes will be effective when posted. Any changes made to the Terms of Use will apply only prospectively. By continuing to use the site after Sand Grove posts any such changes, you accept the Terms of Use as modified. It is your responsibility to review Sand Grove’s Terms of Use on a periodic basis.

Sand Grove will not treat a user of the Site as an investment advisory client by virtue of their accessing the Site.

Regulatory Disclosure

Sand Grove Capital Management LLP is regulated by the Financial Conduct Authority and registered with the U.S. Securities and Exchange Commission (“SEC”) as an investment adviser. Note that SEC registration does not imply a certain level of skill or training.

Disclaimer

This website has been prepared for informational purposes only and the information contained on this website is not: (1) an offer to buy or sell, or a solicitation of an offer to buy or sell, any securities or other financial instruments and no legal relations shall be created by its issue, (2) “investment research” as defined by the FCA Handbook, or (3) an “investment recommendation” as defined by Regulation (EU) No 596/2014. In particular, this document is not intended as marketing of any fund in any member state of the European Economic Area for the purposes of the Directive 2011/61/EU on Alternative Investment Fund Managers. This website is not intended for people in the United States or for the account of U.S. persons (as defined in Regulation S under the United States Securities Act of 1933, as amended (the “Securities Act”)) except to persons who are “qualified purchasers” (as defined in the United States Investment Company Act of 1940, as amended (the “Company Act”)) and “accredited investors” (as defined in Rule 501(a) under the Securities Act). Any investment products and services described herein have not been and will not be registered in the United States with the SEC.

This information on this website does not recommend or suggest any investment strategy, nor does it express any investment recommendation or any opinion as to the current or future price of any investment and must not be treated as doing so by any person. Sand Grove is not acting for or on behalf of any visitor to this website. This website is not intended to provide and should not be relied upon for investment recommendations or accounting, legal or tax advice. Any visitor to this website should consult their tax, legal, accounting or other advisors about the issues discussed herein. Sand Grove is not advising the visitor to take any particular action based on the information, opinions, or views contained on this Site, and a visitor’s acceptance is deemed by Sand Grove as acknowledgement of these conditions. Sand Grove does not give any advice or make any representations through the Site as to whether any security or investment is suitable to you or will be profitable.

THE PAST PERFORMANCE OF ANY INVESTMENT, INVESTMENT STRATEGY OR INVESTMENT STYLE IS NOT INDICATIVE OF FUTURE PERFORMANCE.

Restrictions on Use of this Site And its Content; Ownership of Site Content

Unless otherwise expressly noted, all information and materials, including without limitation images, illustrations, designs, icons, photographs, and written and other materials, that are part of the Site are copyrights, trademarks, service marks, trade names, trade dress and/or other intellectual property owned, controlled or licensed by Sand Grove. No material or content from the Site may be copied, reproduced, republished, uploaded, posted, transmitted or distributed in any way. You may not distribute, display, modify, transmit, reuse, repost, create derivative works from or otherwise use the content of the Site, including, without limitation, any text, information, graphics, images, audio and video, for public or commercial purposes without Sand Grove’s written permission. Modification or use of the content of the Site for any other purpose will violate the copyright and/or intellectual property rights of Sand Grove.

Systematic retrieval of content from the Site to create or compile, directly or indirectly, a collection, compilation, database or directory (whether through robots, spiders, automatic devices or manual processes) without express written permission from Sand Grove is strictly prohibited.

In addition, you may not, at any time: (i) “harvest” (or collect) information from the Site using an automated software tool or manually on a mass basis (unless we have given you separate written permission to do so); (ii) use automated means to access the Site, or gain unauthorised access to the Site or to any account or computer system connected to the Site (this prohibition does not apply to search engines accessing the site solely for web indexing purposes); (iii) “stream catch” (download, store or transmit copies of streamed content); (iv) obtain, or attempt to obtain, access to areas of the Site or the Sand Grove systems that are not intended for access by you; (v) “flood” the Site with requests or otherwise overburden, disrupt or harm the Site or its systems; (vi) circumvent or reverse engineer the Site or its systems; or (vii) restrict or inhibit another user or users from using and enjoying the Site. All such conduct is strictly prohibited.

You also must comply with all applicable laws and contractual obligations when you use this Site.

Availability and Access

We have taken reasonable care in the preparation of the Site. However, we cannot guarantee that you will have uninterrupted access to the Site at all times and we reserve the right to suspend the Site at any time, without notice or liability. We reserve the right in our absolute discretion to monitor, suspend, revoke or otherwise limit access to this Site for any person at any time.

What are the Consequences of Failing to Provide Personal Information

Where personal data is required to satisfy a statutory obligation (including compliance with applicable anti-money laundering or sanctions requirements) or a contractual requirement, failure to provide such information may result us being unable to communicate with you or in the termination of any service or other contractual arrangement between us. Where there is suspicion of unlawful activity, failure to provide personal data may result in the submission of a report to the relevant law enforcement agency or supervisory authority.

Disclaimer of Warranties; Limitations of Liability

SAND GROVE MAKES NO REPRESENTATION, WARRANTY, EXPRESS OR IMPLIED, OF ANY KIND CONCERNING THE DATA, PRODUCTS, MATERIALS INFORMATION AND SERVICES CONTAINED ON THIS SITE. THE MATERIALS ON THIS SITE ARE PROVIDED “AS IS” AND ON AN “AS AVAILABLE” BASIS WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED, TO THE FULLEST EXTENT PERMISSIBLE PURSUANT TO APPLICABLE LAW. SAND GROVE SHALL NOT BE LIABLE FOR ANY DAMAGES, VIRUSES, OR SERVICES, REPAIRS OR CORRECTIONS THAT MUST BE PERFORMED ON YOUR COMPUTER OR OTHER PROPERTY ON ACCOUNT OF YOUR ACCESSING OR USING THIS SITE. PLEASE NOTE THAT SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF IMPLIED WARRANTIES, SO SOME OR ALL OF THE ABOVE EXCLUSIONS MAY NOT APPLY TO YOU.

YOU AGREE THAT USE OF THIS SITE IS AT YOUR OWN RISK. ALTHOUGH WE TRY TO ENSURE THAT THE INFORMATION POSTED ON THIS SITE IS ACCURATE AND UP-TO-DATE, WE RESERVE THE RIGHT TO CHANGE OR MAKE CORRECTIONS TO ANY THE INFORMATION AT ANY TIME. WE CANNOT AND DO NOT GUARANTEE THE CORRECTNESS, TIMELINESS, PRECISION THOROUGHNESS OR COMPLETENESS OF ANY OF THE INFORMATION AVAILABLE ON THIS SITE, NOT WILL WE BE LIABLE FOR ANY IN ACCURACY OR OMISSION CONCERNING ANY OF THE INFORMATION PROVIDED ON THIS SITE.

IF YOU ARE DISSATISFIED WITH THIS SITE OR ANY SERVICE ON THIS SITE OR WITH ANY OF THE SITE’S TERMS OF USE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THE SITE.

SAND GROVE ASSUMES NO LIABILITY, WHETHER CONTINGENT OR OTHERWISE, TO YOU OR TO THIRD PARTIES, OR HAS ANY RESPONSIBILITY OF ANY KIND, FOR ANY LOSS OR DAMAGE THAT YOU MAY INCUR IN CONNECTION WITH THE FAILURE, INTERRUPTION, OR DISRUPTION OF ANY CONNECTION, COMMUNICATION, OR ACCESS TO THIS SITE, OR FOR ANY ERRONEOUS COMMUNICATION BETWEEN YOU AND SAND GROVE. SAND GROVE SHALL HAVE NO LIABILITY, CONTINGENT OR OTHERWISE, TO YOU OR TO THIRD PARTIES,

FOR THE CORRECTNESS, QUALITY, ACCURACY, TIMELINESS, RELIABILITY, PERFORMANCE, CONTINUED AVAILABILITY, COMPLETENESS OR DELAYS, OMISSIONS, OR INTERRUPTIONS IN THE DELIVERY OF THE DATA, PRODUCTS, INFORMATION, MATERIAL AND/OR SERVICES AVAILABLE ON THE SITE. IN NO EVENT WILL SAND GROVE BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, PUNITIVE, OR EXEMPLARY DAMAGES OR LOSS WHICH MAY ARISE FROM, OR DIRECTLY OR INDIRECTLY RELATE TO, (EVEN IF SAND GROVE HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES OR LOSS) (I) YOUR USE OF THE DATA, PRODUCTS, INFORMATION, MATERIAL AND/OR SERVICES MADE AVAILABLE ON THE SITE, (II) ANY OTHER MATTER RELATING TO THIS SITE, (III) YOUR DOWNLOADING OF ANY INFORMATION, SOFTWARE OR OTHER MATERIALS THROUGH THE SITE, OR (IV) ANY CLAIM OR CAUSE OF ACTION ARISING OUT OF, OR RELATING TO, BREACH OF CONTRACT, BREACH OF WARRANTY, TORT, NEGLIGENCE, STRICT LIABILITY, PRODUCT LIABILITY OR ANY OTHER LEGAL THEORY.

SAND GROVE WILL HAVE NO RESPONSIBILITY TO INFORM YOU OF ANY DIFFICULTIES EXPERIENCED BY SAND GROVE OR THIRD PARTIES WITH RESPECT TO THE USE OF THE DATA, PRODUCTS, INFORMATION, MATERIAL AND/OR SERVICES OR TO TAKE ANY ACTION IN CONNECTION THEREWITH.

Monitoring by Sand Grove

Sand Grove reserves the right to monitor and record activity on this Site for any and all or no reason, and to take all actions it deems necessary or appropriate in its sole discretion. Sand Grove, however, has no obligation to do so. As a result of your use of this website, Sand Grove may retain and use any information gathered from your use for its internal business purposes or in accordance with applicable regulatory requirements.

Suspension or Termination of Access

Sand Grove reserves the right to deny access to, and to suspend or terminate your access to, the Site, or to any features or portions of the Site, and to remove and discard any content or materials you have submitted to the Site, at any time and for any reason, including for any violation by you of these Terms of Use. In the event that we suspend or terminate your access to and/or use of the Site, you will continue to be bound by the Terms of Use that were in effect as of the date of your suspension or termination.

Jurisdiction and Governing Law

Any dispute concerning any matter herein, including the validity, termination, or enforceability of the terms, conditions or agreements herein, shall be governed by and interpreted according to the substantive laws of England and Wales without regard for its choice of law or conflict of laws principles. You irrevocably submit to the exclusive jurisdiction of the courts of England for any such dispute.

Sand Grove controls and operates this Site from its offices within the United Kingdom, and unless otherwise specified, the materials displayed on this website are presented solely for the purpose of promoting services available in the United Kingdom, its territories, possessions, and protectorates. This Site and all information contained herein are not directed at or intended for distribution to, or use by, any person or entity in any jurisdiction or country where the distribution or use of such information is contrary to the laws or regulation of such jurisdiction, or such distribution or use would subject Sand Grove to any registration requirement within such jurisdiction or country within such jurisdiction or country. Those who access this Site do so on their own initiative and are responsible for compliance with all applicable local laws.

Severability

If any provision of these Terms of Use shall be deemed unlawful, void, or for any reason unenforceable, then that provision shall be deemed severable from these Terms of Use and shall not affect the validity and enforceability of any remaining provisions. Sand Grove reserves the right to alter or delete materials from the Site at any time at its discretion.

Other

These Terms of Use, together with any additional terms and conditions that are referenced herein or that otherwise may apply to specific areas of the Site, constitute the entire agreement between us and you with respect to the Site. This agreement is personal to you and you may not assign it to anyone. These Terms of Use are not intended to benefit any third party, and do not create any third party beneficiaries. Accordingly, these Terms of Use may only be invoked or enforced by you or us.