Revaluation of Investment (3240D)
March 21 2011 - 10:04AM
UK Regulatory
TIDMEDGC
RNS Number : 3240D
Edge Performance VCT PLC
21 March 2011
Edge Performance VCT plc (the "Company")
Revaluation of Investment
In accordance with its valuation policy, the Company announces
that the investment manager has decided to revalue, as at 28
February 2011, the Company's holding in Global Dawn Limited. That
revised valuation is to be calculated by reference to the value
attributed to Global Dawn as part of an investment round completed
by Global Dawn in August 2010 in which third party investors also
participated.
If this revised valuation is approved by the Company's auditors,
the carrying value of the Company's holding in Global Dawn will
increase from GBP2.94 million (the last published valuation, as at
31 August 2010) to GBP6.76 million. The Company's investment in
Global Dawn is held in equal amounts by the Company's C Share and D
Share pools.
Valuations as at 28 February 2011 have not yet been completed
for all of the Company's C and D Share class holdings; all such
valuations will be subject to audit and the Net Asset Values of the
C and D Shares (as well as the E and F Shares) will be confirmed
only after completion of the audit and approval of the Company's
annual report which is currently scheduled for June 2011.
For further information please contact:
Edge Investment Management 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 company news service from the London Stock Exchange
END
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