What is a nominee?
Very simply: it acts as a go-between for you and the investors that invest in your company, to ease the admin burden. The nominee is the legal owner of the shares, but the investors remain the beneficial owner and retain full economic rights to the shares.
Why use the SyndicateRoom nominee?
We help execute standard legal agreements with all of your investors
We will hold investments in escrow accounts until the end of the round
Let us manage the post-round paperwork burden for your EIS1 and EIS3s
We will help manage voting and quarterly updates for your company
The SyndicateRoom nominee will keep share certificates on the investors’ behalf, you only need to issue one certificate. We will arrange SEIS and EIS certificates, so neither you nor the company you’ve invested in have to worry about burdensome paperwork.
Importantly, the SyndicateRoom nominee will not decide how to vote or take decisions for your investors. Instead it will collect votes or decisions from investors and pass these onto the company.
SyndicateRoom will provide company updates to investors and the SyndicateRoom nominee will administer the investments in the case of dividend payments or an exit.
In the unlikely event that SyndicateRoom or the nominee service provider cease trading, shares held by the nominee will be transferred to the investors as the beneficial owners, who will then become the direct shareholders; alternatively investors can instruct that the shares are transferred to a replacement nominee of their choice.