OneRagtime shall protect the interests of its investors, in accordance with the regulations of the French Financial Markets Autority (AMF) and rules of conduct common to France Invest and the Association Française de la Gestion Financière which are applicable to management companies in private equity.
In order to avoid conflicts of interest, OneRagtime shall make its investment decisions by complying with the following main rules :
No service provider, shareholder or investor of the OneRagtime funds shall interfere in the investment decisions of OneRagtime. Only OneRagtime shall make the investments, reinvestments, disinvestments on behalf of its funds;
The members of the advisory committee will not interfere in the management of the OneRagtime funds;
OneRagtime does not have any business relationships with companies related to the two main shareholders of the management company OneRagtime;
In the case of co-investment between funds managed by OneRagtime, OneRagtime shall comply with the co-investment rules set out in the by-laws of the OneRagtime funds;
Additional equity investment by a fund managed by OneRagtime in a target company where another fund managed by OneRagtime has already invested shall only be made if one or more third party investors have invested at a sufficiently significant level or if the valuation is determined by an expert;
In principle, OneRagtime will not transfer shareholdings between funds managed by it or between a related person and a fund managed by OneRagtime;
Prohibition for the OneRagtime employees or officers, acting on their own behalf, to provide paid services to companies in which a fund managed by OneRagtime has invested;
Prohibition for the OneRagtime employees and managers to co-invest in target companies alongside a fund managed by OneRagtime.
Oneragtime's conflict of interest prevention and management policy is (i) updated from time to time by our RCCI, (ii) available at the head office (60, rue de Londres, 75008 Paris) and (iii) can be communicated to an investor upon request sent to OneRagtime. It is ensured by (i) a table listing potential conflicts of interest situations by themes, reviewed annually and updated by the RCCI and (ii) a register of potential and/or the conflicts of interest which are occurred.
If a conflict of interest is detected by the RCCI, it will be treated in accordance with the rules detailed in the table of potential conflicts of interest or, if this is not sufficient, by using effective procedures and measures adapted to the conflict of interest concerned.
For more information, we invite you to contact OneRagtime.
The variable compensation paid to the employees of OneRagtime will consist of annual and discretionary bonus based on quantitative and qualitative criteria.
The amount of the annual bonus will be fixed for each employee within the limit of 30% of his/her fixed remuneration and 200,000 euros by assessing the following principles: (i) the evaluation of his/her individual performance (taking into account both financial and non-financial criteria) and (ii) of his/her operational team performance with the evaluation of the collective results achieved by OneRagtime.
OneRagtime's clients or prospects may address their claim to OneRagtime by (i) post at the following address: 60 rue de Londres 75008 PARIS or (ii) by e-mail at: stephanie@oneragtime.com.
If OneRagtime receives a claim from a client or prospect, it will be treated, free of charge, according to the procedure described below:
OneRagtime will acknowledge receipt of the claim within a maximum of 10 days and record the claim and its outcome in the table of claim follow-up;
OneRagtime will send, within a maximum of 2 months from the receipt of the claim concerned, a clear, structured and validated answer by the RCCI with all supporting documents;
You can appeal our decision by contacting the mediator of the French Financial Markets Autority at the following address: Autorité des Marchés Financiers (AMF) Médiateur de l'AMF, 17 Place de la Bourse, 75082 Paris Cedex 02;
The RCCI will evaluate the potential financial impact of the claim in order to inform the AMF if the regulatory threshold of 5% for OneRagtime's equity is exceeded and will take into account the analysis of this claim in its annual compliance and in the annual report communicated to the AMF ;
OneRagtime will implement the necessary corrective measures in order to treat the claim.
OneRagtime undertakes to monitor the strategy, financial and non-financial performance, risks, capital structure, social and environmental impact and corporate governance of each of its portfolio companies in accordance with the investment policy set out in the by-laws of its funds.
OneRagtime undertakes, in the interest of its portfolio companies, to maintain a regular communication with the management of these companies, in particular through the attendance on the meetings of the board of these companies, in which OneRagtime undertakes to hold one seat to represent the interests of its investors. OneRagtime will also maintain a fluid, constant and constructive dialog with the founders of these companies and the other shareholders.
OneRagtime undertakes to make its best efforts to resolve any differences of interest. OneRagtime undertakes, during each financial year, to exercise its shareholders’ voting rights in case of shareholders’ consultations, in particular in the context of the approval of annual accounts, governance decisions or any refinancing rounds.
For more information, we invite you to consult the annual report on shareholders’ vote policy published on our website by 30 April of each year.
