REG - Edge Performance VCT Edge Performance.. Edge Performance I - Sale of Unity Shares
18/11/2021 16:40
For best results when printing this announcement, please click on link below: http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20211118:nRSR8758Sa&default-theme=true RNS Number : 8758S Edge Performance VCT PLC 18 November 2021 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 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 (mailto:rns@lseg.com) or visit www.rns.com (http://www.rns.com/) . RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy) . END MSCBPBATMTJBBBB