Updated net asset values

RNS Number : 6281Z

Edge Performance VCT PLC

21 September 2020

 

Edge Performance VCT plc (the "Company")

Updated Net Asset Values

The Company is pleased to announce that subsequent to Unity Software Inc's ("Unity") Initial Public Offering to the New York Stock Exchange on Friday 18 September 2020, the value of the Company's holding in Unity has increased from £1.78m to £4.43m.  This is an increase of £2.65m (148.88%) on the valuation underlying the Company's updated (unaudited) NAV as at 31 March 2020 (as notified in RNS Number 3780k of 21 April 2020).  This increase is based on Unity's IPO price of $52 per share, and an exchange rate of $1: £0.77.

Unity is held as part of the Company's H share class investment portfolio, increasing the unaudited Net Asset Value ("NAV") of this class of share from £7.69m as at 31 March 2020 to £10.34m (an increase of 34.46%), and the Company's unaudited NAV from £27.69m as at 31 March 2020 to £30.34m (an increase of 9.57%), prior to any other revaluation of assets for the Company's half-yearly report to the end of August 2020.

The Board emphasises that the above NAVs as at 31 March 2020 and again at 18 September 2020 are unaudited.  The preparation of the Company's half-yearly report for the six month period ended 31 August 2020 is currently underway.

For further information, please contact:

Edge Investments Limited, Investment Manager: [e-mail]

The City Partnership (UK) Limited, Company Secretary: [e-mail]

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.

 

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