Vanneck EIS - Ethics & Principles

Our over-arching principle is that we should be above reproach and behave as we would like others to treat us; we want a reputation for incredibly classy behaviour

We are acutely conscious of the responsibilities of looking after other people's money. The foundation of Vanneck EIS is that where we are happy to risk our own capital, we should be prepared to risk our investors and friends investing alongside us

​Transparency

1. Declare all potential conflicts
2. Where we are unsure, consult our Club Members
3. We personally will invest in every deal
4. Make clear the 5 potential downsides of Vanneck EIS:

• ​The investments  are high-risk and members could lose their capital and be reliant on tax breaks to make any return
• The investments are extremely illiquid.
• As Vanneck EIS is open-ended, newer investors will likely participate in follow-on rounds in companies that longer-standing investors have already backed.
• We do not commit to deploy capital within a specific period
• A company might lose or not get its EIS qualification even after advanced assurance stage as HMRC might change its mind or the company might invalidate it

Conflicts of Interest

1. Any EIS or SEIS investments that we make independently  (e.g if too small for Vanneck EIS) will be declared
2. Where a deal is big enough for Vanneck EIS, we will not invest individually (i.e. without Vanneck EIS) unless there are exceptional circumstances which are disclosed
3. A deal will generally be deemed too small for Vanneck EIS where it falls below 15% of total outstanding commitments.
4. Investors do not have discretion into which Vanneck EIS investments they participate.
5. Any monitoring or director fees paid to Vanneck Ltd by an investee company will be disclosed

Disclosures to Investors