Edge Performance VCT PLC - London-based venture capital trust - Says Festicket, one of its portfolio firms that accounts for 36% of Edge's total net asset value as at July 29, has been unable to find a solution to its trading difficulties, and has filed a notice of intention to appoint an administrator.
As a result, Edge Performance will write the value of Festicket to nil as at the end of August.
Edge's holding in Festicket was valued at GBP4.7 million at July 29.
Current stock price: 101.56 pence
12-month change: up 62%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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