Edge Performance VCT PLC Updated Net Asset Values (0096P)
February 12 2021 - 10:56AM
UK Regulatory
TIDMEDGH TIDMEDGI
RNS Number : 0096P
Edge Performance VCT PLC
12 February 2021
Edge Performance VCT plc (the "Company")
Updated Net Asset Values
As at 30 November 2020, the value of the Company's holding in
Unity was GBP12.62m. This valuation was based on Unity's trading
price as at 30 November 2020 of $151.98 per share and an exchange
rate of $1:GBP0.7496.
The Company's unaudited net asset value ("NAV") per H share as
at 30 November 2020 was 163.79p.
As at 10 February 2021, the value of the Company's holding in
Unity had decreased from GBP12.62m to GBP10.20m (a decrease of
19.18%). This decrease is based on Unity's trading price as at 10
February 2021 of $127.51 per share and an exchange rate of
$1:GBP0.72228.
If the unaudited NAV per H share as at 30 November 2020 is
revised to take account of (i) the revaluation as at 10 February
2021 of the Company's Unity holding, (ii) valuation increases as at
10 February 2021 of approximately GBP89,000 and GBP376,000 in the
Company's listed holdings in Mirriad and Audioboom and (iii) an
estimated decrease as at 10 February 2021 of GBP506,000 in the
Company's net current assets then the NAV per H share as at 10
February 2021 becomes 142.58p (163.79p as at 30 November 2020), a
decrease of 12.95%.
Over the same period, the unaudited NAV per I share is estimated
to have decreased by approximately 0.05p to 13.75p (13.80p as at 30
November 2020).
The Board emphasises that the NAVs per H share and I share as
recalculated above are unaudited and reflect only the movements in
the Company's listed shareholdings attributed to the H Shares and
an estimated movement in the Company's net current assets.
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. 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:
info@edge.uk.com
The City Partnership (UK) Limited, Company Secretary:
enquiries@city.uk.com
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END
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