Edge Performance VCT PLC Portfolio Update (9566W)
23 Agosto 2022 - 6:57AM
UK Regulatory
TIDMEDGH
RNS Number : 9566W
Edge Performance VCT PLC
23 August 2022
Edge Performance VCT plc (the "Company")
LEI: 213800PAOE1WTGQGSH39
Portfolio Update
Further to the announcement made on 10th August 2022, the Board
has been monitoring the situation at Festicket, the Company's
holding in which, as at 29th July 2022, was valued at GBP4.69m,
representing approximately 35.6% of the total net asset value of
the Company.
While the Board believes that a significant write down in the
valuation and subsequently the NAV may need to be made, talks are
continuing and the amount of any impairment in value cannot yet be
accurately determined. Once the outcome of these discussions is
clearer the Board will update the Company's Shareholders.
The recent share buyback calculation was determined by the
latest available NAV, calculated on 29th July, based on the
information known at the time.
The Investment Manager recognises the potential impact of this
situation on Shareholders and to demonstrate its alignment with
Shareholders, the Investment Manager has volunteered and intends to
make a contribution to the Company.
For further information please contact:
Edge Investments Limited, Investment Manager: info@edge.vc
23 August 2022
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END
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August 23, 2022 07:57 ET (11:57 GMT)
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