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Each research analyst primarily responsible for the content of this research report certifies that : (1) the views expressed in this research report accurately reflect his or her personal views about any or all of the subject securities or issuers referred to in this report and (2) no part of his or her compensation was, is, or will be, directly or indirectly related to the specific recommendations or views expressed in this report.
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Readers should be aware that analysts writing in this publication may own shares in the stocks covered. If you require further details, please contact researchoperations@davy.ie.
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Davy may have a shareholding in certain companies included in this report which exceeds 5% of their total issued share capital. Details are available at www.davy.ie/RegulatoryDisclosures. These shareholdings include proprietary positions and discretionary holdings. This disclosure represents the position of Davy as of close of business on the Friday preceding issue of this report.
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Neither Davy Securities Unlimited Company or its affiliates hold a proprietary position and/or controls on a discretionary basis more than 1% of the total issued share capital of the companies included in this report.
An affiliate of Davy Securities Unlimited Company may have acted, in the past 12 months, as lead manager/co-lead manager of a publicly disclosed offer of the securities in certain companies included in this report.
Investors should be aware that Davy Securities Unlimited Company or an affiliate may have provided investment banking or non-investment-banking services to, and received compensation from, certain companies included in this report in the past 12 months or may provide such services in the next three months. The term investment banking services includes acting as broker as well as the provision of corporate finance services such as underwriting and managing or advising on a public offer. Details are available at www.davy.ie/RegulatoryDisclosures.
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