8 Dec 2021 18:11
Edge Performance VCT plc (the "Company" or "EPVCT plc")
Requisition Notices
The board of EPVCT plc has recently received valid requisition notices from a number of shareholders styling themselves the ShareSoc EPVCT Campaign (formerly the Edge Shareholder Activist Group). The requisition calls for the removal of all of the current Directors of the Company, the appointment of two ShareSoc EPVCT Campaign group representatives as Directors and the realisation of the Company's assets and its discontinuation as a Venture Capital Trust.
The Company will shortly call a General Meeting where these resolutions will be put to a vote of the shareholders.
The Directors of the Company believe that this is an unwarranted act by a small group of predominantly I class shareholders that will result in additional cost to the Company.
The requisitions received from the ShareSoc EPVCT Campaign group comprise 9.9% of the Company's total issued share capital, 91.16% of which are I shareholders. The vast majority of these votes are therefore coming from I shareholders who have recently received a dividend of close to 100% of their net asset value and whose I shares will shortly cease to exist.
This group is seeking to influence the future of the Company, in which they will no longer be I shareholders by the time the requisitioned general meeting takes place.
At the forthcoming General Meeting we will ask shareholders to vote down these resolutions.
For further information, please contact:
· Edge Investments Limited, Investment Manager: info@edge.vc
· The City Partnership (UK) Limited, Company Secretary: enquiries@city.uk.com