The Headlines for Heritage Artist Productions Limited
Heritage Artists Productions Limited is set to become the go-to place for both heritage artists and their fans both new and old.
£500k
This is the amount to be raised
UK taxpayers can claim 50% SEIS on the first £250k and 30% EIS tax relief on the balance
Tax incentives
10%
Total equity share available for the raise amount
£100
Minimum 'Punt'
Products & Inventions
Entertainment
All applications for Investment received before the 15th October will receive a 2.5% additional share allocation.
Rewards
The Business
Introducing a One-of-a-Kind Company
This company isn't your average business - it's a production company that specialises in radio, film, TV, music, and live events. They highlight the very best of heritage artists from the 60s, 70s, 80s, and 90s.
Led by none other than the legendary Radio One DJ Mike Read, this project is sure to be a hit.
Expanding the Business to Support Heritage Acts
After four successful years of The Heritage Chart radio and TV shows, it's clear that there is a strong demand and market for heritage acts. The Heritage Chart has garnered votes from over 90 countries and is broadcast by over 40 radio and TV stations across Europe, including XPAT, Radio 2. Given this success, it's time to expand the business and provide a platform for even more incredible new material from heritage artists.
But wait, there’s more!
Heritage Artist Productions Ltd has been formed to create a truly unique space for Heritage Artists and their fans, old and new to connect and be seen, heard, and supported in the creation and distribution of new creative content.
The Offer
Heritage Artist Productions Limited is seeking to raise £500,000 through the Issue of 50,000 Ordinary A shares
● Issue price £10 per A Ordinary Share
● First 25,000 A Ordinary Shares issued will be qualifying under the Seed Enterprise Investment Scheme (SEIS) providing 50% tax relief to qualifying investors*
● Subsequent 25,000 A Ordinary will qualify under the Enterprise Investment Scheme Rules (EIS) providing 30% tax relief to qualifying investors*.
● Minimum Individual Investment £1,000 for 100 A Shares** .
● Maximum Individual Investment £100,000 for 10000 A shares***
● The Minimum Aggregate Subscription under the Offer is £50,000 for 5000 A Shares.
● Initial Offer Closing Date will be 31st October 2023 at 5:00 pm,
*Investors should note that receipt and value of SEIS/EIS tax benefits depend on the circumstances of the individual investor and the Company maintaining its qualifying status.
**By agreement with the Directors Applications who are TAPinto subscribers can with the appropriate offer code apply for a minimum of 100 shares per investor which equates to £100 gross subscription and they will also receive an enhanced allocation to shares based on their subscription level.
*** Unless with the prior agreement of the directors
Post Raise Share Structure.
The equity structure of the Company on the closing of this offer if fully subscribed will be as follows:
● Total number of Ordinary shares in issue up to 555,555
Of which
● Ordinary A Shares up to 55,555
● Ordinary B Shares up to 500,000
Each share will have a nominal value of 1p.
Each Ordinary share (A and B shares) carry one vote and no shares have any preference in the winding up.
The Ordinary A shares as a class will hold 11% of the voting stock in the company between them.
Performance Related Share Structure.
The share structure of the Company has been designed to provide a performance ratchet to reward performance whilst protecting against underperformance without creating any preference or dilution.
This is reflected in the memorandum and articles of association (to be) adopted that state,
“Ordinary A Shares as a class irrespective of the number of Ordinary A shares in issue will be entitled to 90% of all distributions made by the Company, whether by way of income and/or capital, until such time as each Ordinary A share has received back a gross value of £1.20 per Ordinary A share. Above £ 1.20 return per Ordinary A share, The Ordinary A shares as a class will receive 10% of All distributions either by way of capital and/ or income”.
Early Bird Bonus
EARLY BIRD BONUS
All Subscriptions received before the 15th October 2023 will receive a 2.5% bonus allocation to Shares.
The Offer
The Investment Document (The Offer) is a Brochure detailing the Terms of an offer for the sale of Ordinary A Shares in Heritage Artists Productions Ltd.
The Rewards
All applications for Investment received before the 15th October will receive a 2.5% additional share allocation.
Take A Punt Group Ltd & Heritage Artists Productions Ltd reserves the right to make amendments or cancel offerings at anytime.
Before you Take your Punt
Firstly, ask yourself these three questions.
- Do I like it?
- Do I understand it?
- Can I afford it? (This is the amount of money you are happy, willing and prepared to potentially lose - your "Punt" money).
If you have answered
YES to all three, you now need to ask yourself, is there any logical reason why you don't 'take a punt'?
What to do next
Option 1 - Take a Punt (Invest)
To see the details of the offer you need have a TAPinto™ account.
If you already have an account, login.
Or open a FREE account HERE
Option 2 - Arrange a no-obligation chat with a member of the team to discuss the available options.
Take A Punt Group Ltd | Registered in England Co Reg No. 13717312 | Reg Office Address: Northumbria House, Samson Close, Killingworth, Newcastle Upon Tyne, NE12 6DX
Our Partners
Take A Punt Group Ltd | Registered in England Co Reg No. 13717312 | Reg Office Address: Northumbria House, Samson Close, Killingworth, Newcastle Upon Tyne, NE12 6DX
