TIDMEDGC TIDMEDGD TIDMEDGF TIDMEDGE TIDMEDGG
RNS Number : 1106K
Edge Performance VCT PLC
16 September 2016
16 September 2016
Edge Performance VCT plc (the "Company")
RESULT OF CONVERSION OF SHARES
On 19 August 2016, the Company announced that its board of
directors had resolved to invoke the provisions of the Company's
articles of association (the "Articles") regarding conversion of
shares, such that all C Shares, D Shares, E Shares, F Shares and G
Shares in the capital of the Company would be converted to I Shares
on 16 September 2016, such conversion to be calculated by reference
to the net asset value per share of each relevant share class as at
19 August 2016 and the shareholdings reflected on the register of
members of the Company as at close of business on 26 August 2016
(the "Conversion").
For the purposes of the Conversion, the net asset values per C
Share, D Share, E Share, F Share, G Share and I Share were as
follows:
Share NAV per share Dividends NAV per
class at 19 August declared, share for
2016 but not conversion
paid, prior ratio purposes
to 19 August
2016
(GBP) (GBP) (GBP)
-------- -------------- -------------- ----------------
C 0.0434 0.0000 0.0434
-------- -------------- -------------- ----------------
D 0.2463 0.0000 0.2463
-------- -------------- -------------- ----------------
E 0.3155 0.0000 0.3155
-------- -------------- -------------- ----------------
F 0.3467 0.0000 0.3467
-------- -------------- -------------- ----------------
G 0.5052 0.0700 0.4352
-------- -------------- -------------- ----------------
I 0.5736 0.0700 0.5036
-------- -------------- -------------- ----------------
The Conversion took place on 16 September 2016, as a consequence
of which all C Shares, D Shares, E Shares, F Shares and G Shares
were converted to I Shares and deferred shares as follows:
Share Number of Number of Number of deferred
class shares prior I Shares shares following
to conversion following conversion
conversion
-------- --------------- ------------ -------------------
C 9,330,098 804,063 8,526,035
-------- --------------- ------------ -------------------
D 19,172,500 9,376,860 9,795,640
-------- --------------- ------------ -------------------
E 9,801,952 6,140,817 3,661,135
-------- --------------- ------------ -------------------
F 29,379,532 20,226,139 9,153,393
-------- --------------- ------------ -------------------
G 24,056,803 20,789,357 3,267,446
-------- --------------- ------------ -------------------
Totals 91,740,885 57,337,236 34,403,649
-------- --------------- ------------ -------------------
In accordance with the Articles, the 34,403,649 deferred shares
referred to above were repurchased by the Company immediately
following the Conversion and subsequently cancelled.
Application has been made for the admission of the 57,337,236 I
Shares referred to above to the premium segment of the Official
List of the UK Listing Authority and to trading on the London Stock
Exchange plc's main market for listed securities, which is expected
to take place on or around 19 September 2016.
Following the Conversion and the repurchase and the cancellation
of the deferred shares, the issued share capital of the Company
is:
Share Number of
class shares
-------- -----------
H 10,522,984
-------- -----------
I 73,103,650
-------- -----------
Total 83,626,634
-------- -----------
The interim dividends of 7p per G Share and 7p per I Share which
were declared by the Company on 18 August 2016, and which will be
paid on 7 April 2017, will be payable to holders of G Shares and I
Shares respectively as shown in the Company's register of members
at the close of business on 26 August 2016; entitlement to those
dividends will consequently not be affected by the Conversion.
Following the Conversion and the repurchase and the cancellation
of the deferred shares, as detailed above, the number of shares
held by the directors (PDMR) and their respective connected persons
(PCA) are:
H shares
Name (PDMR) held I shares held
-------------- --------- --------------
David Glick 167,424 130,491
-------------- --------- --------------
Robin Miller - 50,091
-------------- --------- --------------
Lord Flight - 33,268
-------------- --------- --------------
(PCA)
-------------- --------- --------------
Lady Flight - 28,774
-------------- --------- --------------
16 September 2016
For further information, please contact:
-- City Partnership, Company Secretary: 0131 243 7210
-- Edge Investments, Investment Manager: 020 7317 1300
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCLFMITMBTBBIF
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