“If you can’t describe what you are doing as a process,
you don’t know what you’re doing”
W. Edwards Deming

Share capital for SPVs

Organisations issue share capital (effectively certificates of ownership) often as a means of raising funds. 

This guide assumes a specific situation relating to a single purpose vehicle (“SPV”). An SPV is a company established for a particular project and then wound up once that project is complete. 

In this guide, we assume that: 

1. Share capital is issued at the start of and during the project; and 
2. Shareholders are paid dividends; and 
3. Share capital is cancelled at the end of the project in return for a final cash distribution. 

Dividends are assumed to be declared and paid on the same date.

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