Although its worth acknowledging that DARK remains well above its listing price in the spring of 2021, widespread uncertainty has impacted the future prospects of the asset. The stock was last up 41% at a price of 352p. See here for a complete list of exchanges and delays. That means, he says, that a reported churn rate of 6-8% could be much higher, because the bulk of its customers have only signed up in the last two years and remain locked in to their contracts. Media contacts:. Earl has also raised concerns about the proportion of Darktraces budget that goes on research and development, an essential area of spend in a fast-developing area like cybersecurity. Darktrace was named one of TIME magazine's "Most Influential Companies" for 2021. The Company is focused on providing AI for enterprises. ions in over 110 countries, protecting the cloud, email, Internet of things (IoT), traditional networks, endpoints and industrial systems. ELECTRONIC VERSIONS OF THE MATERIALS YOU ARE SEEKING TO ACCESS ARE BEING MADE AVAILABLE ON THIS WEBSITE BY DARKTRACE PLC (THE "ISSUER") IN GOOD FAITH AND ARE FOR INFORMATION PURPOSES ONLY. Even at that price, Lynch and Bacares share of the proceeds would be above 430m. DARK Investments 1 Share Price $3.18 (As of Tuesday Closing) General Information Description Darktrace PLC is a provider of AI for the enterprise, with the first at-scale deployment of AI in cybersecurity. Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3%. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. A Division of NBCUniversal. However, six months later, the stock has strayed nearly 40% from its peak price of 9.85 and uncertainty reigns over the future of the company as analysts warn against promises that are yet to be delivered. All rights reserved. Lynchs only hope of avoiding extradition is to be granted the right to appeal, with a decision expected this month. Darktrace does at least have a good-sized chunk of the transatlantic political and espionage community in its corner. One of the largest shareholders in Darktrace is to sell a third of its shares in the British cybersecurity firm, in a move brokered at the end of a lock-up that prevents insiders selling their stakes in the recently floated company. We think its between 20% and 30%, which is much higher than competitors, said Early. Any opinions or estimates expressed herein are those of Markit on the date of preparation and are subject to change without notice; however no such opinions or estimates constitute legal, investment or other advice. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by FT and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions. Data is a real-time snapshot *Data is delayed at least 15 minutes. But the longer-term backdrop is ongoing buyout interest that could soon take it private again, from US private equity group Thoma Bravo. Darktrace is a world leading provider of AI for the enterprise, with the first at scale deployment of AI in cyber security, and a pioneer of autonomous response technology. British cybersecurity company Darktrace Plc announced plans for an initial public offering in London, marking the first major company to plan a listing on the exchange after Deliveroo Holdings Plc flopped in its market debut. It is also the subject of admiring glances from a deep-pocketed US private equity house pondering a takeover that could lead to payouts worth 200m for its management team. See here for a complete list of exchanges and delays. Former Darktrace director Sushovan Hussain was already convicted for fraud in the same case. Darktrace Singapore: Nicholas Tan Edelman Phone: +65 9663 8358 Email: nicholas.tan@edelman.com. A British court on Thursday rejected his attempt to block an extradition order made by the U.S. Department of Justice, which has accused him of 17 counts of conspiracy and fraud related to Hewlett-Packards purchase of Autonomy in 2011, which he also founded. City of registered office (if applicable) Country of registered office (if applicable) 5. This week, the company is preparing to announce its first set of financial results as a public company. Within weeks, a high court judge will decide whether Darktraces founder, the British billionaire entrepreneur Mike Lynch, can prolong his fight against extradition to the US. See the full terms of reference > Nomination Committee Issuer Details ISIN GB00BNYK8G86 Issuer Name DARKTRACE PLC UKor Non-UKIssuer UK 2. DARKTRACE HOLDINGS LIMITED Company number 08562035 Follow this company File for this company Overview Filing history People Charges More Filter by category Show filing type Confirmation statement. in the past year, with total shares outstanding growing by 3%. Darktrace USA: David Whiting Edelman Phone: +1 212 277 3808 Email: david.whiting@edelman.com. London has had a busy year of tech IPOs so far, with the likes of Deliveroo, Trustpilot and Moonpig having gone public. Date on which Issuer notified . The Company provides its services to various industries, including financial services, manufacturing and supply, education, retail and e-commerce, energy and utilities, government and defense, technology and telecoms, legal and human resource, health and pharma, media and entertainment, and nonprofit. You must be a registered user to save alerts. ), In February, reports in The Times suggested a number of potential investors were fretting about Darktraces links to Autonomy, whilst UBS, an investment bank hired to lead the IPO, quit over concerns about the companys ties to Lynch. (Photo by John Phillips/Getty Images for TechCrunch). Its advisory board includes former MI5 director Baron Evans of Weardale, 35-year CIA veteran Alex Wade and former British home secretary Amber Rudd. With deep expertise in mathematics and machine learning, as well as operational experience defending critical organisational assets, Darktrace seeks to empower enterprises to defend their systems against the most silent and sophisticated cyber threats. Omar Marques | SOPA Images | LightRocket via Getty Images, Microsoft, Kimbal Musk, NBA's Russell Westbrook invest in Brooklyn-based climate tech company BlocPower, Inside the 'Wormhole,' Relativity Space's monster factory 3D-printing reusable rockets, Fanatics to start livestreamed shopping of trading cards, collectibles. Feb 03 Darktrace plc to Report First Half, 2023 Results on Mar 08, 2023 Feb 01 See more updates Shareholder Returns See full shareholder returns It provides enterprise-wide cyber defense to over 7,400 organizations in over 110 countries, protecting the cloud, email, Internet of things (IoT), traditional networks, endpoints and industrial systems. Rival Vectra has even openly mocked Darktraces approach on its website, in a now deleted post. Darktrace and shareholders plan to sell at least 20% of the company's equity, and the stock will trade on the . It provides enterprise-wide cyber defense to over 7,400 organizat ions in over 110 countries, protecting the cloud, email, Internet of things (IoT), traditional networks, endpoints and . In terms of relative price strength the Darktrace share price has underperformed the FTSE All Share Index by-47.58% over the past year. Hussein Kanji, a partner at early Darktrace backer, Hoxton Ventures, told CNBC he believe the company was still in the "early days" of its journey. . Darktrace shareholders are down 61% for the year, even worse than the market loss of 14%. Darktrace acquires attack surface management company Cybersprint. Shareholders in UK cybersecurity firm Darktrace (DARK.L) are waking up to founder Mike Lynch's legal problems. Do Not Sell My Personal Data/Privacy Policy. The Company's platform uses machine learning and AI algorithms to neutralize cyber threats across diverse digital estates, including the cloud and networks, IoT and industrial control systems. Created by mathematicians, our platform uses machine learning and AI algorithms to neutralise cyber threats across diverse digital estates, including the cloud and networks, IoT and industrial control systems. Darktrace hit back in against the report, with aspokesperson respondingby email that the companys AI-based services protects organisations against cyber-attacks across the full breadth of digital environments. The email also added that the companys customer satisfaction across its 5,900 customers is industry-leading., Price Plunges Following Investor Lock-Ups. Insider Buying: DARK insiders have bought more shares than they have sold in the past 3 months. About Darktrace. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Any investment or investment activity to which this document relates is available only to Relevant Persons in the United Kingdom and Qualified Investors in Member States, and will only be engaged with such persons. Got a confidential news tip? Analysts have also criticised the cybersecurity firms business model but a US private equity fund is still pondering a takeover. THE ISSUER DOES NOT ACCEPT ANY RESPONSIBILITY FOR ANY CONTRAVENTION OF APPLICABLE SECURITIES LAWS AND REGULATIONS BY INDIVIDUALS FOR THE ACCURACY, COMPLETENESS OR FAIRNESS OR USE OF INFORMATION PROVIDED BY SUCH INDIVIDUALS. The employee put this down to a highly aggressive sales culture as the company geared up for its stock market float and looked to burnish its credentials as a market leader. Any securities sold in the United States will be sold only to QIBs in reliance on an exemption from, or transaction not subject to, the registration requirements of the US Securities Act. 2023 Benzinga.com. Darktrace (LON:DARK) shareholders have earned a 32% return over the last year. Create detailed alerts and get notified the moment an event happens, See how trades would have performed from years past or start from the present, Download PDF copies of reports from the newspaper markets data page, View the performance of global markets and browse news items by region, Find companies based on country, sector, and other equity characteristics, View funds that move the market, screen for funds and read relevant news, All markets data located on FT.com is subject to the. Accordingly, unless an exemption under the relevant securities law is applicable, any such securities may not be offered, sold, resold, delivered or distributed, directly or indirectly, in or into the United States, Canada, Dubai, Hong Kong, Japan, Singapore, Switzerland or any other jurisdiction if to do so would constitute a violation of the relevant laws of, or require registration thereof in, such jurisdiction. Darktrace PLC 18 May 2021 TR-1: Standard form for notification of major holdings 1. (By Aimee Donnellan), On Twitter http://twitter.com/breakingviews. RELATED NEWS. Darktrace Going Public In $5 Billion London IPO, Claiming $200 Million Revenue Thomas Brewster Forbes Staff Associate editor at Forbes, covering cybercrime, privacy, security and. The strong sentiment for CRWD stock is supported by solid fundamentals.. As the Covid-19 pandemic has forced companies to undergo significant digital transformation, cybersecurity solutions have become increasingly sought after - whilst stocks have generally enjoyed periods of drastic growth. Darktrace plc is a United Kingdom-based autonomous cyber security artificial intelligence (AI) company. Sign up for free newsletters and get more CNBC delivered to your inbox. The company is still trading at well over double the 250p at which it debuted on the London Stock Exchange six months ago. At a 1.7 billion market cap, Darktrace was pricing its IPO on the conservative end, compared to the valuation of up to $4 billion it had initially hoped to reach. Cambridge-based Darktrace will raise 143.4m gross proceeds from the deal, with existing shareholders selling shares worth only 21.7m. Deep Defence is to sell 11m shares in cybersecurity firm worth about 70m at the companys closing price on Tuesday. For its part, Darktrace says that Lynch has no direct involvement with the day-to-day running of the company. You should not place undue reliance on forward-looking statements, which speak only as of the date of the relevant document. You are requested to review the following information and make the following confirmation each time you seek to access this restricted information. 6. Who are the major shareholders and have insiders been buying or selling? A British court on Thursday rejected his attempt to block an extradition order made . Find out more about how we use your personal data in our privacy policy and cookie policy. Senior managers and directors at Darktrace hold about 5% of the company's shares with Poppy Gustafsson, co-founder and chief executive, holding 2.77m shares, about 0.4%. We are headquartered in Cambridge, UK. Add this security to watchlist, portfolio, or create an alert to track market movement. In addition to the negative impact of the Peel Hunt analyst note, the shares also fell as the 180-day lock on investors at the IPO ended. Alliance News 5 August, 2021 | 5:09PM. Founded in 2013 in Cambridge by a group of former intelligence experts and mathematicians, Darktrace uses artificial intelligence to detect and respond to cyberthreats in a business' IT systems. The information and documents on this portion of the website (a) are intended only for, and may be accessed by, or distributed or disseminated, directly or indirectly, in whole or in part, to (i) "qualified institutional buyers" (as defined in Rule 144A under the U.S. Securities Act of 1933, as amended (the "US Securities Act") ("QIBs") or (ii) persons resident or physically present outside the United States (including its territories and possessions, any state of the United States and the District of Columbia), Australia, Canada, Dubai, Hong Kong, Japan, Singapore, Switzerland and resident and physically present in a jurisdiction in which such access, distribution or dissemination would not constitute a violation of the local securities laws or regulations of such jurisdiction, and (b) are not and do not constitute an offer to sell or the solicitation of an offer to buy or acquire, any ordinary shares or other securities of the Issuer in the United States, Australia, Canada, Dubai, Hong Kong, Japan, Singapore, Switzerland or any other jurisdiction in which such offer or solicitation would constitute a violation of the local securities laws or regulations of such jurisdiction or would be otherwise unlawful. Learn about Darktrace in this short factsheet outlining our investment case and key achievements in FY 2022. It is a pioneer of self-learning AI and is at the forefront of autonomous response technology. An incredible release, Darktrace PREVENT/OT - augumenting attacks to test the security, ensuring you have maximum protection even against zero-day threats. The charges, which he denies, carry a maximum custodial sentence of 25 years. Hear from Poppy Gustafsson (CEO), Cathy Graham (CFO), and Max Heinemeyer (CPO) as they deliver FY 2022 Results. The $11.7bn sale of the Cambridge-based software business to HP in 2011 is still the subject of substantial ongoing litigation. It is an award-winning pioneer in the fast-growing cybersecurity industry, boasting veterans of the spy community and the British political establishment on its payroll. Darktrace, one of the U.K.'s largest cybersecurity companies, was founded in 2013 by a group of former intelligence experts and mathematicians. Currency in GBp (0.01 GBP) Add to watchlist 262.90 -7.70 (-2.85%) As of 01:17PM GMT. Darktrace boss defends UK cybersecurity firm amid short-seller attacks, Advice for Darktrace: dont complain, just explain, Darktrace shares fall below IPO price as new client sign-ups slow, Darktrace shares slump after takeover talks collapse, Snake oil: doubts loom over tech firm Darktraces high-octane sales strategy, Darktrace boss in bid to counter Citys dim view of track record, Oneof Darktraces largest shareholders to sell a third of shares after lock-up, Darktrace shares plunge again as investor lock-up ends, Darktrace shares soar by 40% on London stock market debut, analysts criticism of its business model, the only name that seems to get mentioned is the founder. That's disappointing, but it's worth keeping in mind that the market-wide selling wouldn't have helped.. 18-Jan-2023 . YOUR CONFIRMATION MUST BE TRUE AND ACCURATE. It provides enterprise-wide cyber defense to over 7,400 organizations in over 110 countries, protecting the cloud, email, Internet of things (IoT), traditional networks, endpoints and industrial systems. 4. "The IPO is just part of the journey and maturation process for the company," Kanji said. Lynch's Invoke Capital was an early investor in Darktrace. All rights reserved. 2023 CNBC LLC. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. Maxim Manturov, head of investment research at Freedom Finance Europe, has pointed to CrowdStrike CRWD as an example of a stock thats enjoyed significant growth in the months that followed its debut in mid-2019. Original reporting and incisive analysis, direct from the Guardian every morning. Lets take a deeper look at one of the rise and fall of the promising cybersecurity unicorn, Darktrace: Shares in Darktrace had taken a significant hit after a broker claimed that the cybersecurity firms AI framework was only worth half of its closing value of 6.6 billion at the time. The IPO should bring greater clarity around the companys financials and its ownership, and more scrutiny from investors who will likely want to know theyre backing not just a successful company, but one that can avoid public controversy of the kind that plagued Autonomy. One former employee in the sales department, who spent more than a year at the company, says there is some truth in that. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. As a result of the findings, shares in the stock fell as deeply as 27% - representing Darktraces biggest downturn since the stocks LSE debut. Darktrace currently serves over 8,100 customers in over 110 countries, with more than 2,200 employees globally. The prevailing view seems to be that the current management of Darktrace had relatively little to do with Autonomy, said Matthew Earl, managing partner of ShadowFall, which specialises in taking short positions at companies it thinks are overvalued, betting on their share prices falling. Deep Defence, a subsidiary of private equity firm Vitruvian Partners, is to sell 11m shares in Darktrace worth about 70m at the companys closing price on Tuesday. We are proud to be part of that tradition of British innovation, as the UK becomes a leading global centre for the development of AI., But the announcement comes amidst an ongoing legal battle involving key investor Mike Lynch, owner of Invoke Capital, Darktraces largest shareholder. Associate editor at Forbes, covering cybercrime, privacy, security and surveillance. Darktrace did not return a request for comment. Darktrace plc (LSE:DARK) commences an Equity Buyback for 7,181,838 shares, representing 10% of its issued share capital, under the authorization granted on November 3, 2022. New Research Finds Organizations Need to Adopt a Holistic Approach to Improve Cyber Readiness. Opinions expressed are those of the author. Up until earlier this year, when coverage of Lynchs trial reached fever pitch, he remained a member of the companys science and technology advisory council. In addition, in the United Kingdom, this document is being distributed only to, and is directed only at, "qualified investors" within the meaning of Article 2(e) of the Prospectus Regulation (Regulation (EU) 2017/1129), as amended by The Prospectus (Amendment etc.) Last month, Amazon-backed food delivery firm Deliveroo flopped in its debut, plunging as much as 30% in one of the worst London IPOs in history. But one of Darktraces most persistent critics, the hedge fund ShadowFall, contends that this very group of people should be giving investors cause for pause. Astonishingly, the analysts opted to deliver a sell rating for the stock alongside a price target of 4.73 - a value that implies a 50% downside from the stocks most recent close at the time. Lynch denies all charges. The company has said a further 9.9 million shares will be sold if demand proves higher than expected. "Cybersecurity isn't going away anytime soon and these kinds of systems that Darktrace offers are going to be increasingly needed, particularly on the autonomous response side.". The move will raise further fears among investors of a significant sell-off among other top shareholders in Darktrace, which has seen about 2bn wiped off its market value in a little over a week. During Lynchs civil fraud trial, lawyers for HP described Eagan as part of a trusted cabal around Lynch, as he came up with the very accounting strategies that prompted the US companys legal claim. The purpose of the Audit and Risk Committee is to provide formal and transparent arrangements for considering how to apply financial reporting, risk management and internal control principles and to maintain an appropriate relationship with the Company's auditors. If churn rates are that high, ShadowFalls analysis suggests it could be due to a hyper-aggressive sales culture. Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. Share price information may be rounded up/down and therefore not entirely accurate. The Company is focused on providing AI for enterprises. Reason for Notification An acquisition or disposal of voting rights 3. 7. The Company provides its services to various industries, including financial services, manufacturing and supply, education, retail and e-commerce, energy and utilities, government and defense, technology and telecoms, legal and human resource, health and pharma, media and entertainment, and nonprofit. ACCESS TO THE INFORMATION AND DOCUMENTS ON THIS PORTION OF THE WEBSITE IS RESTRICTED FOR REGULATORY REASONS. Insider Buying: DARK insiders have bought more shares than they have sold in the past 3 months. Judging by the exuberant stock market reaction since bid interest emerged, a deal could be done at close to 3.6bn, a figure Lynch claims would be higher were it not for the vindictive pursuit of him by the US authorities. Significantly, the end of the lock-up period enabled a wide range of investors to sell their shares in the company - including Mike Lynch, Darktrace's first and largest shareholder prior to the . Last month, KKR, Summit. (The extradition proceedings continue. Details of the shareholder . Last year, as Darktrace geared up for a stock market float, Rudd came out to bat for the companys effort to distance itself from Lynch, lamenting that a largely female leadership team was being starved of the spotlight because the only name that seems to get mentioned is the founder. According to one person familiar with the companys early days, Lynch was far more than a source of funding. The uncertainty casts a shadow not just over Lynch but over Darktrace, despite its insistence that it is unaffected by Lynchs legal travails. We regret that, due to applicable legal restrictions, we are unable to provide you with access to this section of our website. Darktrace CEO POppy Gustafsson. FT is not responsible for any use of content by you outside its scope as stated in the. Darktrace PLC (GB:DARK) has 50 institutional owners and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). Darktrace is a world leading provider of AI for the enterprise, with the first at scale deployment of AI in cyber security, and a pioneer of autonomous response technology. The total revenue also increased by 70% compared to the same period a year ago, reaching $337.7 billion. Darktrace sells AI-powered tools that scan customer's servers and networks to detect and flag suspicious activity. Although Darktrace is facing significant challenges on its road to emulate CrowdStrikes exponential growth, theres still plenty of potential for the company to recapture its Q2 2021 form - however, the cybersecurity firm will face a battle to prove the worth of its suite of AI products. Any information that you receive via FT.com is at best delayed intraday data and not "real time". Its blue-chip corporate customers have included AIG, BT Group, Jimmy Choo, the Science Museum Group and William Hill. The Company provides its services to various industries, including financial services, manufacturing and supply, education, retail and e-commerce, energy and utilities, government and defense, technology and telecoms, legal and human resource, health and pharma, media and entertainment, and nonprofit. Societe Generale Group, Banking Investments, Legal & General Investment Management Limited, Joh. The news of Darktraces hit from Peel Hunt came at a difficult time as the stocks 180-day lock on investors selling the stock expired in early November. Our analysis of the ownership of the company, below, shows that institutional investors have bought into the company. Reason for Notification An acquisition or disposal of voting rights 3. authenticate users, apply security measures, and prevent spam and abuse, and, display personalised ads and content based on interest profiles, measure the effectiveness of personalised ads and content, and, develop and improve our products and services. It's the second major test of London's appetite for high-growth tech companies after Deliveroo's IPO flop. The best option for Darktrace may be to sever ties with Lynch altogether. Issuer Details ISIN GB00BNYK8G86 Issuer Name Darktrace plc UKor Non-UKIssuer UK 2. Its advisory board includes former MI5 director Baron Evans of Weardale,. It has not gone well for the 57-year-old tech genius so far. TR-1: Notification of major holdings RNS Number : 6416I Darktrace PLC 19 April 2022 TR-1: Standard form for notification of major holdings 1. CRWD shares are currently about 10% below the high of $289.2 reached at the end of August. Darktrace PLC - cybersecurity firm - Shareholders KKR Dark Aggregator LP, Summit DT CLN Holdings 4, Hoxton Ventures Fund I Opportunities III LP and Balderton . Capital Calls - More concise insights on global finance: Visa continues M&A run with new FX punt read more, Canny NatWest sale can limit UK taxpayer losses read more, Bukalapak takes Indonesia market to new heights read more, Australias 2032 Olympics will go for zinc read more, Modernas S&P 500 inclusion has drawbacks read more. Berenberg, Gossler & Co. KG, Asset Management Arm, Barclays PLC Private Banking & Investment Banking Investment. Darktrace progress overshadowed by collapsed deal, Darktrace Announces Availability of NEWSROOM, Darktrace Announces Availability of PREVENT/OT, The last IC recommendation on Darktrace PLC shares was Hold at 336.00 on 08 Sep 2022, Darktrace plc is a United Kingdom-based autonomous cyber security artificial intelligence (AI) company. The Company is focused on providing AI for enterprises. Failure would set the extradition wheels in motion. Shares in the Cambridge-based firm closed down a further 7% to 632.5p as investors concerned about a widespread sell-off of the companys stock from Wednesday pushed its share price to a two-month low. Pasar al contenido principal LinkedIn. Major holders Insider roster Insider. You must therefore seek independent legal, investment or other appropriate advice from a suitably qualified and/or authorised and regulated advisor prior to making any legal, investment or other decision. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. The British cybersecurity company Darktrace has been privately valued at more than $3bn (2.2bn) as it prepares to join a parade of London tech listings. as well as latest changes in position size. Partly, the investment world is increasingly interested in CRWD shares because this growth is not expected to slow down, Manturov added. Any failure to comply with any such restrictions may constitute a violation of the securities laws or regulations of such jurisdiction. More Darktrace News. We can zoom in on the different ownership groups, to learn more about . Peel Hunt analysts including Oyvind Bjerke claimed thatsome expertsthat they had consulted determined Darktraces cybersecurity solutions to be a gimmick, whilst acknowledging that other professionals believed that the service offered protection from serious online attacks. Darktrace shares started trading in conditional dealings under the ticker "DARK" Friday morning. The Company's platform uses machine learning and AI algorithms to neutralize cyber threats across diverse digital estates, including the cloud and networks, IoT and industrial control systems. (EU Exit) Regulations 2019, and which is part of UK law by virtue of the European Union (Withdrawal) Act 2018 who are also persons who have professional experience in matters relating to investments falling within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 as amended (the "Order") or who are high net worth bodies corporate, unincorporated associations and partnerships or the trustee of high value trusts falling within Article 49(2)(a) to (d) of the Order, and other persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as "Relevant Persons").