Edge Performance VCT PLC Tender Offer (9437V)

TIDMEDGC

RNS Number : 9437V

Edge Performance VCT PLC

18 January 2013

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, NEW ZEALAND OR south africa OR any jurisdiction in which the same could be unlawful. the information contained herein does not constitute an offer of securities for sale in any jurisdiction, including in the united states, CANADA, australia, japan, NEW ZEALAND OR south africa.

18 January 2013

Edge Performance VCT plc (the "Company")

Publication of a Tender Offer Document

The Company has today published a tender offer document (the "Tender Offer Document") in relation to the Company's proposals for an enhanced share buy-back, under which holders of C shares ("C Shares") in the Company may apply to sell their C Shares back to the Company, on the condition that the proceeds of that sale are applied in subscribing for new C Shares in the Company (the "Enhanced Share Buy-back"). The Tender Offer Document sets out the terms of the Enhanced Share Buy-back.

Under the terms of the Enhanced Share Buy-back, the price at which existing C Shares will be repurchased by the Company will be 100% of the most recently published net asset value per C Share prior to the relevant closing date of the Enhanced Share Buy-back (rounded down to the nearest 0.01p), and the issue price of the new C Shares will be 103% of that net asset value (rounded up to the nearest 0.01p). That 3% differential will be paid by the Company to Edge Investment Management Limited, the Company's investment manager (the "Investment Manager"), as a fee in consideration for the Investment Manager agreeing to meet the initial costs and expenses of the Enhanced Share Buy-back.

As at 30 November 2012, the (unaudited) net asset value per C Share was 74.31p. The Company paid a dividend of 40p per C Share on 14 December 2012; consequently, the (unaudited) net asset value per C Share as at today's date is 34.31p.

The Enhanced Share Buy-back is available to holders of C Shares whose names are entered on the Company's register of members as at the record date, other than those shareholders who are citizens of, or resident in, any jurisdiction outside the United Kingdom where sending the Tender Offer Document, or issuing new C Shares, would violate the laws of that jurisdiction.

The record date in respect of applications where new C Shares are to be issued during the 2012/13 tax year is 28 March 2013. The record date in respect of applications where new C Shares are to be issued during the 2013/14 tax year is 19 April 2013.

The Enhanced Share Buy-back opens for applications at 9am on 19 January 2013. The closing dates for applications are:

-- (in respect of applications where the new C Shares are to be issued in the 2012/13 tax year) 12 noon on 3 April 2013; and

-- (in respect of applications where the new C Shares are to be issued in the 2013/14 tax year) 12 noon on 26 April 2013.

The directors of the Company may bring forward or extend either of the closing dates.

The Enhanced Share Buy-back is subject to the approval of shareholders of the Company, which will be sought at a general meeting of the Company, and at a separate class meeting of holders of C Shares. Those meetings are expected to be held in late February 2013, and a separate circular, including notice of those meetings, will be sent to shareholders shortly.

The Tender Offer Document has been approved by the UK Listing Authority and will be available shortly on the National Storage Mechanism of the UK Listing Authority at http://www.hemscott.com/nsm.do. A copy of the Tender Offer Document can be obtained, free of charge, by request from the Company at 1 Marylebone High Street, London, W1U 4LZ, or may be downloaded from the Company's website at www.edge.uk.com/edgeperformancevct

For further information please contact:

The City Partnership (UK) Limited, Company Secretary: 0131 243 7210

Edge Investment Management Limited, Investment Manager: 020 7317 1300

Notes

This announcement is for information purposes only and does not purport to be full or complete and any decision regarding the Enhanced Share Buy-back should be made only on the basis of the Tender Offer Document.

This announcement does not constitute or form part of any offer to issue or sell, or any solicitation of any offer to subscribe or purchase, any investment in any jurisdiction, nor shall it (or the fact of its distribution) form the basis of, or be relied on in connection with, any contract therefore.

The issue and the distribution of this announcement and the Tender Offer Document in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to this announcement, the Tender Offer Document comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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