EDGC Edge Perf.C

 

TIDMEDGC 
 
RNS Number : 2437G 
Edge Performance VCT PLC 
27 January 2010 
 

Edge Performance VCT plc ("Edge" or the "Company") 
 
 
 
 
INTERIM MANAGEMENT STATEMENT 
for the period from 1 September 2009 to 26 January 2010 
 
 
 
 
In accordance with Rule 4.3 of the UK Listing Authority's Disclosure and 
Transparency Rules, Edge presents an Interim Management Statement for the period 
from 1 September 2009 to 26 January 2010. 
 
 
 
 
 "F" Share Offer 
 
 
An offer for subscription of up to 10,000,000 "F" shares of 10p each in the 
capital of the Company at an issue price of 100p each payable in full on 
subscription was launched on 16 November 2009. 
 
 
As at 26 January 2010, a total of GBP6,265,100 had been subscribed under the 
offer. 
 
 
 
 
Dividends 
 
 
On 12 November 2009, an interim dividend of 0.2p per Ordinary share was paid. 
With the payment of this dividend, the Ordinary share fund was fully distributed 
and Ordinary Shareholders had received cumulative dividend payments of 85p per 
Ordinary share against a net cost of investment of 60p per Ordinary share 
(assuming income tax relief at 40% was received on the total sum subscribed). 
 
 
On 23 November 2009, a final dividend of 7p per "C" share was paid bringing the 
total dividend payments per "C" share to 14p. A maiden dividend of 7p per "D" 
share was also paid. 
 
 
 
 
Conversion of Ordinary Shares 
 
 
On 21 December 2009, following the full distribution of the Ordinary share fund, 
the Company's board of directors announced the conversion of the Ordinary shares 
of 10p each into Deferred shares of 10p each. The resultant 6,400,640 Deferred 
shares were, in accordance with the Company's Articles, purchased for an 
aggregate consideration of 1p for every 1,000,000 Deferred shares and then 
cancelled. The Ordinary shares have been cancelled from the Official List. 
 
 
 
 
New Investments 
 
 
In the period, the Company made four VCT qualifying investments, totalling 
GBP2.25m, and committed to a further two investments. Suitable opportunities 
have been identified for 9 more investments, which the Company is currently 
engaged in completing 
 
 
 
 
Share Buy-Backs 
 
 
The Company did not buy back any of its own shares during the period. 
 
 
 
 
Net Asset Values per Share 
as at 30 November 2009 
 
 
+----------+------------+------------+----------+------------------+ 
| Share    | Net        | Shares     | Net      | Net Asset Value  | 
| Class    | Assets,    | in Issue   | Asset    | plus Dividends   | 
|          | GBP        |            | Value    | paid per Share,  | 
|          |            |            | per      | p                | 
|          |            |            | Share, p |                  | 
+----------+------------+------------+----------+------------------+ 
| Ordinary |          0 |  6,400,640 |  0.00    |      85.00       | 
+----------+------------+------------+----------+------------------+ 
| C        | 10,504,439 | 13,328,599 |  78.81   |      92.81       | 
+----------+------------+------------+----------+------------------+ 
| D        | 16,447,998 | 19,228,838 |  85.54   |      92.54       | 
+----------+------------+------------+----------+------------------+ 
| E        |  9,014,856 |  9,813,732 |  91.86   |      91.86       | 
+----------+------------+------------+----------+------------------+ 
 
 
The initial net asset value per share for each class of share was 94.5p 
(excluding the impact of any dilution attributable to the issue of additional 
shares under early subscription incentive schemes) and income tax relief was 
available for allotted shares as follows: up to 40p per share for Ordinary 
shares and up to 30p per share for C, D and E shares. 
 
 
 
 
The Company's board of directors is not aware of any significant event or 
transaction which has occurred between 1 September 2009 and 22 January 2010 
which has had a material effect on the financial position of the Company and has 
not been detailed above. 
 
 
 
 
26 January 2010 
 
 
 
 
For further information, please contact: 
 
 
  *  Robin Smeaton, City Partnership, Company Secretary 0131 243 7210 
  *  Alasdair George, Edge Investment Management, Investment Manager 020 7317 1300 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 IMSPGUQCGUPUGRM 
 

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