What does it mean ?
Roundtable’s SPVs, like all companies, are required to submit their annual accounts for approval by their shareholders.
In this context, Roundtable prepares annually the SPV’s annual accounts and, as a shareholder in an SPV, you are invited to consult and approve those accounts.
What will I find in those accounts?
The SPV has no other activities than to passively hold the investment it made in the target company. In those accounts, you will find the amount that the SPV has invested in the target.
Until an exit is made, the SPV accounts won’t show any revenue, as the SPV doesn’t have any operational activity.
How can I access the documents and vote ?
Each year, you will receive:
An invitation by email to consult and vote on the SPV’s annual accounts;
By clicking on the link in this email, you will be re-directed to the voting session;
If you cannot access the voting session, make sure that you are connected to the platform with your email address linked to this specific investment. This is the email address to which the email referred above was sent.
To find and review the SPV’s annual accounts, please go to the “Document” tab on the deal page.
Please note that you are not required to vote.
Once the voting window has expired, you will no longer be able to vote, but you will still be able to consult the SPV’s annual accounts in the “Document” tab on the deal page.
What about the target’s annual accounts ?
To review the financials figures of the target company, you will need to review the annual accounts it has prepared. Roundtable is not involved in the preparation of those annual accounts.
When the target company sends its annual accounts to the SPV (for their approval), you will also be notified and be invited to approve those accounts, before the SPV approves them (or not, depending on the outcome of the vote).