18 Nov 2021 15:35
Edge Performance VCT plc (the "Company")
Sale of Unity Shares
The Board is pleased to announce that the Company has realised approximately 90% of its holding in Unity Software Inc (Unity) for £10.9m in cash at an average price per share of £144.
Valuing the Company's remaining Unity shareholding at yesterday's closing price, this represents a 20X return on initial investment.
This has significantly reduced the Company's exposure to this stock, although the Company has retained 10% of its holding as at 31 August in Unity Software Inc. The Investment Manager is confident that it can identify suitable attractive opportunities to invest these cash proceeds in accordance with the Company's investment policy.
For further information, please contact:
Edge Investments Limited, Investment Manager: info@edge.vc
The City Partnership (UK) Limited, Company Secretary: enquiries@city.uk.com