Edge Performance VCT PLC Realisation of investment (2774N)
September 23 2019 - 5:25AM
UK Regulatory
TIDMEDGH TIDMTTM
RNS Number : 2774N
Edge Performance VCT PLC
23 September 2019
Edge Performance VCT plc (the "Company")
Realisation of Investment
The Company is pleased to announce that it has realised its
investments in deltaDNA Limited (formerly Gamesanalytics Limited)
generating total proceeds of approximately GBP4.9m (which is a c.5x
money on money return). This is an increase of GBP3.2m on the
valuation reported in the Company's financial statements for the
year ended 28 February 2019.
deltaDNA was held as part of the H share class investment
portfolio, increasing the Net Asset Value ("NAV") of this class of
share from GBP6.1m to GBP9.3m, and the Company NAV from GBP34.3m to
GBP37.5m, prior to any other revaluation of assets for the half
yearly report to the end of August 2019.
The transaction completed on the 18(th) September 2019, and the
consideration from the transaction was part cash and part equity in
the purchaser.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014 ("MAR"). Upon the
publication of this announcement, this inside information is now
considered to be in the public domain.
For further information, please contact:
Edge Investments 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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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