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12 Feb 2021 16:56
Edge Performance VCT plc (the "Company")
Updated Net Asset Values
As at 30 November 2020, the value of the Company's holding in Unity was £12.62m. This valuation was based on Unity's trading price as at 30 November 2020 of $151.98 per share and an exchange rate of $1:£0.7496.
The Company's unaudited net asset value ("NAV") per H share as at 30 November 2020 was 163.79p.
As at 10 February 2021, the value of the Company's holding in Unity had decreased from £12.62m to £10.20m (a decrease of 19.18%). This decrease is based on Unity's trading price as at 10 February 2021 of $127.51 per share and an exchange rate of $1:£0.72228.
If the unaudited NAV per H share as at 30 November 2020 is revised to take account of (i) the revaluation as at 10 February 2021 of the Company's Unity holding, (ii) valuation increases as at 10 February 2021 of approximately £89,000 and £376,000 in the Company's listed holdings in Mirriad and Audioboom and (iii) an estimated decrease as at 10 February 2021 of £506,000 in the Company's net current assets then the NAV per H share as at 10 February 2021 becomes 142.58p (163.79p as at 30 November 2020), a decrease of 12.95%.
Over the same period, the unaudited NAV per I share is estimated to have decreased by approximately 0.05p to 13.75p (13.80p as at 30 November 2020).
The Board emphasises that the NAVs per H share and I share as recalculated above are unaudited and reflect only the movements in the Company's listed shareholdings attributed to the H Shares and an estimated movement in the Company's net current assets.
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.
For further information, please contact:
Edge Investments Limited, Investment Manager: info@edge.uk.com
The City Partnership (UK) Limited, Company Secretary: enquiries@city.uk.com
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