17 Jun 2021 07:00
Edge Performance VCT plc (the "Company")
Sale of Coolabi and Changes to I Shares
The Company's board of directors ("Board") as advised by its Manager, Edge Investments Limited, announces the disposal of its shareholding in Coolabi Group (Coolabi), with final closing expected on or before 31st July 2021. The Board would like to thank the Coolabi management team for its efforts in running the business over the last 12 years and in particular, guiding it through the challenging period of the past 15 months.
The sale of its shareholding in Coolabi will be an all-cash transaction on completion and this exit represents the disposal of the last major asset in the I class of EPVCT. No material change in the net asset value per I Share ("NAV") is expected from the last published NAV on 5th March which was 12.24p and further details on the transaction will be published in the annual report.
Following the disposal of the Coolabi shares and the collection of proceeds, it is the intention of the Board and the Manager to realise the remaining assets in, and then immediately proceed with an orderly closure of, the I Share class.
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