Realisation of investment
Updated : 10:26
Edge Performance VCT plc (the "Company")
Realisation of Investment
The Company is pleased to announce that it has realised its investments in deltaDNA Limited (formerly Gamesanalytics Limited) generating total proceeds of approximately £4.9m (which is a c.5x money on money return). This is an increase of £3.2m on the valuation reported in the Company's financial statements for the year ended 28 February 2019.
deltaDNA was held as part of the H share class investment portfolio, increasing the Net Asset Value ("NAV") of this class of share from £6.1m to £9.3m, and the Company NAV from £34.3m to £37.5m, prior to any other revaluation of assets for the half yearly report to the end of August 2019.
The transaction completed on the 18th September 2019, and the consideration from the transaction was part cash and part equity in the purchaser.
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 ("MAR"). 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: 020 7317 1300
Robin Smeaton, The City Partnership (UK) Limited, Company Secretary: 0131 243 7210
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.