Investor FAQ

IPO stands for Initial Public Offering. This is the first time when a private company offers its shares directly to the general public to invest in. This is often coupled with a listing on a regulated stock market through which the investors may buy and sell shares. The company in question then becomes a public limited company or a PLC. After the listing, the share price of the company may go up or down which is driven by supply and demand for the shares. If there is expectation that the company may be performing well, more investors may buy the shares and the share price usually goes up. The buying and selling of shares is executed by a regulated stockbroking firm and you have to set up an account with them before you can trade.
To be eligible for a listing on a stock market, the relevant exchange requires that the participating company meet its strict criteria to ensure transparency in order for the general public to have the confidence to invest in the company. This involves regulated firms such as a corporate lawyer, reporting accountant and corporate finance advisor to carry out strict due diligence on the said company and its Directors. The company also needs to form a Board of Directors with a balance of Executive and Non-Executive Directors to ensure that no individual Directors have the overall power in the company’s decision-making. This is known as corporate governance. Going IPO was the next level for Wealth Dragons as the company decided to raise funds for its corporate development plans.
An IPO is a process rather than set date which normally takes a number of years. Wealth Dragons began the process in 2015 and successfully went on the Direct Market Plus market on Vienna Stock Exchange on 15th July 2019.
There were many factors that were considered when choosing the right market for Wealth Dragons, such as the suitability, cost and timing. While our company was UK based, we were a relatively small company and our shareholder base was international. Since Britain voted to leave the European Union on 23rd June 2016, the Board decided that a junior market based in Europe would be a more suitable place for a young PLC to have a stock market debut without being exposed to any economic and political risks.
Our first set of accounts with year ending 31st December 2019 was due on 30th September 2020. It’s publication has been delayed due to our resources being directed to restructure our businesses while our staff were put on the UK government’s furlough scheme during the Covid lockdown. We will publish our accounts as soon as possible and The Vienna Stock Exchange has been notified of this delay.

There are two ways in which you may buy shares in the company. You may either purchase directly from the company or you will need to open an account with a stockbroking firm that trades shares listed on Vienna Stock Exchange.

Investing directly with the company is subject to the availability of shares and a minimum investment of €30,000. If you are a UK taxpayer, you will be eligible for an income tax relief for up to thirty percent of the amount you have invested through the Enterprise Investment Scheme (EIS).

 If you wish to invest directly with the company, please email [email protected].  

You may find a list of stockbroking firms that participate in the trading of shares on Vienna Stock Exchange.

https://www.wienerborse.at/en/members/member-list/ 

Disclaimer: The past performance of any investment is not necessarily a guide to future performance. The value of investments or income from them may go down as well as up. Changes in exchange rates may also cause your investment to go up or down in value. Tax laws may be subject to change. You may not necessarily get back the amount you invested. Please ensure that you fully understand the risks involved. If in doubt, please seek independent financial advice.

As with buying shares, you will need to open an account with a stockbroking firm.

The ability to buy or sell shares in a listed company is subject to the number of participants in trading these shares. This is known as the liquidity. As a relatively recent entrant to the market, our shares’ liquidity is extremely limited due to three factors.

Firstly, many of our existing shareholders bought our shares through the Enterprise Investment Scheme (EIS) prior to our listing. Under EIS, our investors are prohibited from selling their shares for three years due to the generous tax relief offered by HMRC. Secondly, our company still has a number of shares issued under EIS and hence our recent investors have preferred to purchase shares directly from the company rather than through the stock market. Thirdly, the recent Covid pandemic has discouraged many people from buying shares in companies that are new to the market.

As a company, we have always encouraged our investors to invest for the long-term. The liquidity of a company on a stock exchange increases over time and we have plans to ensure this will happen. Meanwhile, the shares in Wealth Dragons are traded on a “match-bargain” basis, i.e. matching willing buyers and sellers. Until our liquidity improves, finding willing buyers for shares remains the responsibility of the sellers.

We will keep you up-to-date on our progress with this and rest assured that it is in our company’s best interest to increase our liquidity.

Under the stock exchange rules, the company and its Directors are prohibited from treating individual investors favourably by carrying out a share buy-back from any individuals.

For live market data, go to https://www.wienerborse.at/en/market-data/shares-others/quote-direct/?ISIN=GB00BGMGZR93&ID_NOTATION=261954089

EIS or Enterprise Investment Scheme is a UK government scheme where Her Majesty Revenue and Custom (HMRC) allows a qualified company to offer its shares to investors who can enjoy a significant tax relief by investing in the company. For example, if an investor invests £10,000 in a company through EIS, the income tax relief will be 30 percent or £3,000.

Wealth Dragons obtained authorisation from HMRC to issue shares under EIS on 11th May 2017.

No, EIS is only for UK income taxpayers only.

For all shareholders’ enquiries, please email [email protected] or call 01908 032432.

The company has a small number of EIS shares outstanding and the minimum investment is €30,000. If you wish to enquire about investing in our EIS shares, email [email protected] or call 01908 032432.
Covid has affected all companies in different ways. While it has been catastrophic for some, it has been beneficial to others who adapt to the changes. We have worked relentlessly to take our entire business online and have invested substantially in our online projects. We will continue to publish any news and development on our company in the News section of this website so stay tuned.

Yes, they will be published in our impending Annual Report and Annual General Meeting (AGM) and the dates will be announced as soon as possible.

Neither the directors nor members of staff are allowed to discuss the company’s affairs with any individuals without disclosing to the whole market under the Stock Exchange rules. While John and Vincent remain prominent figures on social media and may occasionally answer questions about the company’s training programmes, regrettably they will not be responding to your questions in relation to the company. Please direct your enquiries to the details listed on the Contact Us