Scale-back may be applied if pre-orders are oversubscribed. When investor commitments exceed the funding target for a new listing, your commitment may be reduced on a pro-rata basis. For example, if the funding target is £1,000,000 but we received pre-orders amounting to £2,000,000 (excluding fees) then you would receive 50% of your initial order.
Please note that investments made by our Premium Client Programme or Advance Pre-orders will not be subject to scale-back unless there is oversubscription via these allocations alone. Premium Client Programme takes first priority followed then Advance Pre-order.