EDGH Edge Performance Vct Plc

TIDMEDGH TIDMTTM

RNS Number : 1167W

Edge Performance VCT PLC

20 December 2021

Edge Performance VCT plc

Issue of Circulars

Edge Performance VCT plc (the "Company") announces that, further to the announcements issued by the Company on 8 December 2021 under the headings Reconvened Annual General Meeting and Requisition Notices, it has today issued two circulars to shareholders, one for each of the two general meetings to which reference is made in the 8 December announcements.

Reconvened annual general meeting and first general meeting

One circular includes the n otice of the reconvened annual general meeting and the notice of a general meeting, both to be held on 17 January 2022. The notice of the general meeting includes a resolution to cancel the Company's capital redemption reserve and share premium account, in order to increase the Company's distributable reserves.

Requisitioned general meeting

The second circular includes the notice of the requisitioned general meeting, the unanimous recommendation of the Company's current board of directors (the "Board") to vote against all the resolutions of the meeting and a letter from the chairman of the Board which presents the rationale for voting against the meeting's resolutions, together with a statement from the shareholders who requisitioned the meeting.

The Company's investment manager, Edge Investments Limited (the "Manager"), has signalled that it is not willing to continue to manage the Company without a board which is supportive of the Manager's plans. The Board has therefore reluctantly accepted that the Manager will resign if the Board's recommendation to vote against the resolutions to be put to the requisitioned general meeting is not supported by shareholders. To protect shareholders from the impact of having to continue to pay the Manager for a period of nearly 14 months, the Manager has agreed with the Board that, if the Manager resigns before 31 January 2022, that resignation will be effective as at 28 February 2022, the Company's current year end; the Company may similarly terminate the Manager's appointment as investment manager effective as at 28 February 2022 if the Board's recommendation to vote against the requisitioned resolutions is not supported by shareholders.

Please click on, or paste the following link into your web browser, to view the circulars.

-- http://www.rns-pdf.londonstockexchange.com/rns/1167W_1-2021-12-19.pdf

-- http://www.rns-pdf.londonstockexchange.com/rns/1167W_2-2021-12-19.pdf

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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December 20, 2021 01:59 ET (06:59 GMT)

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