10 Aug 2022 18:04
The information communicated in this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018). Upon publication of this announcement, this information is considered to be in the public domain.
10 August 2022
Edge Performance VCT public limited company (the "Company")
LEI: 213800PAOE1WTGQGSH39
Portfolio Update
It has very recently come to the Board's attention that Festicket Limited ("Festicket"), one of the Company's portfolio companies, is currently experiencing headwinds and is in discussions with its advisers and stakeholders as to how these can best be navigated.
The outcome of these discussions is not yet clear, and the Board will continue to monitorits investment in Festicket and update the Company's Shareholders on this matter as appropriate. The outcome of these discussions may, however, significantly impact upon the value of the Company's holding in Festicket.
As at 29 July 2022, the Company's holding in Festicket was valued at £4.69m, representing approximately 35.6% of the total net asset value of the Company.
For further information, please contact:
Edge Investments Limited, Investment Manager: info@edge.vc