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selection criteria and to sell investments at satisfactory WHUPVRULLHURGHWKHYDOXHRILQYHVWPHQWVWKDWLWKDVRUZLOO

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Altamir aims to invest principally in unlisted companies, ZLWKDPHGLXPWRORQJWHUPLQYHVWPHQWKRUL]RQ

Although the investments Altamir makes can occasionally generate recurring revenue, in the vast majority of cases, capital invested and potential capital gains are only realised when the investment is partially or fully sold, which generally RQO\WDNHVSODFHVHYHUDO\HDUVDIWHULWVDFTXLVLWLRQ

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selling its investments in a reasonable timeframe and at

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- risks relating to assessing strengths and weaknesses of the companies, their growth potential, the relevance of their business plan and the capacity of their managers to carry it out;

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entail higher risks than investments in well-established FRPSDQLHV

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‡ Risks related to the departure of executives in the portfolio companies

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virtue of this approach, the Company commits to paying a range of costs, in particular consulting and audit fees, despite there being no certainty that it will go ahead with WKHLQYHVWPHQW

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make new investments, the following risks should be taken LQWRDFFRXQW

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Altamir is affected by the investment decisions taken by

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clauses, Altamir may deem it appropriate to keep newly listed shares in its portfolio for a certain period of time to possibly obtain a better valuation in due course, although there can be no guarantee of such an objective being DFKLHYHG 0RUHRYHU $OWDPLU GRHV QRW UXOH RXW LQYHVWLQJ

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market price at a given moment, such as at the end of the

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average share price over a given period drops below a certain threshold, the special purpose acquisition compa-QLHV63$&VEHFRPHUHVSRQVLEOHIRUPHHWLQJFROODWHUDORU

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the market as and when their valuations and liquidity condi-WLRQVEHFRPHIDYRXUDEOH

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guarantee of future performance and this investment could UHVXOWLQDORVVRIFDSLWDO

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In document PROTECCIÓN DE DATOS Y RESPONSABILIDAD DEL PERIODISTA (página 181-185)