Edge Performance VCT PLC Sale of Unity Shares (8758S)
18 Noviembre 2021 - 09:35AM
UK Regulatory (RNS & others)
TIDMEDGH TIDMTTM TIDMEDGI
RNS Number : 8758S
Edge Performance VCT PLC
18 November 2021
Edge Performance VCT plc (the "Company")
Sale of Unity Shares
The Board is pleased to announce that the Company has realised
approximately 90% of its holding in Unity Software Inc (Unity) for
GBP10.9m in cash at an average price per share of GBP144.
Valuing the Company's remaining Unity shareholding at
yesterday's closing price, this represents a 20X return on initial
investment.
This has significantly reduced the Company's exposure to this
stock, although the Company has retained 10% of its holding as at
31 August in Unity Software Inc. The Investment Manager is
confident that it can identify suitable attractive opportunities to
invest these cash proceeds in accordance with the Company's
investment policy.
For further information, please contact:
Edge Investments Limited, Investment Manager: info@edge.vc
The City Partnership (UK) Limited, Company Secretary:
enquiries@city.uk.com
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November 18, 2021 10:35 ET (15:35 GMT)
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