Share Name Share Symbol Market Type Share ISIN Share Description
Edge Performance Vct Plc LSE:EDGH London Ordinary Share GB00B44VMB16 H SHS 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 42.50 39.00 46.00 42.50 42.50 42.50 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0

Edge Performance VCT PLC Investee company corporate action

10/10/2019 10:30am

UK Regulatory (RNS & others)


Edge Performance Vct (LSE:EDGH)
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RNS Number : 4836P

Edge Performance VCT PLC

10 October 2019

Edge Performance VCT plc (the "Company")

Investee Company Corporate Action

The Company announces that one of its investee companies, Coolabi Group Limited ("Coolabi"), has finalised with its management team a revised management incentive scheme, which will become effective only upon the sale of Coolabi. While disappointed by the negative impact this has on the valuation of the Company's holding in Coolabi, the Company's board of directors notes that the implementation of a revised management scheme was a condition of further investment from an existing investor in Coolabi.

As a result of this agreement, the Company's net asset value has decreased from GBP37,569k (the revised NAV following the sale of its holding in deltaDNA Limited, as per RNS Number 2774N of 23 September 2019) to GBP34,056k, a reduction of 9.4%, where both NAVs are stated prior to any other revaluation of assets as at 31 August 2019 for the Company's half-yearly report.

Coolabi was held in both the H and I share classes of the Company. The effect of the revised Coolabi management incentive scheme is to decrease the H share class NAV from GBP9,299k to GBP9,126k, a reduction of 1.9%, and the I share class NAV from GBP28,269k to GBP24,930k, a reduction of 11.8%. In the case of the H share class, the NAV reduction is based upon the revised NAV following the sale of its holding in deltaDNA Limited, as per RNS Number 2774N of 23 September 2019, and in both cases these NAVs are prior to any other revaluation of assets as at 31 August 2019 for the Company's half-yearly report.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). Upon the publication of this announcement, this inside information is now considered to be in the public domain.

For further information, please contact:

Edge Investments Limited, Investment Manager: 020 7317 1300

Robin Smeaton, The City Partnership (UK) Limited, Company Secretary: 0131 243 7210

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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October 10, 2019 05:30 ET (09:30 GMT)

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