Edge Performance VCT

Edge Performance VCT is currently closed to new investment.

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This election and relevant contact details will stand until such time as we receive alternative instructions from you. It is your responsibility to notify us of any change to your name, address, e-mail or other contact details.

2019
Half Yearly Report for the 6 months ended 31 August 2019 View
Annual Report and Financial Statement for the year ended 28 February 2019 View


2018
Half Yearly Report for the 6 months ended 31 August 2018 View
Annual Report and Financial Statement for the year ended 28 February 2018 View


2017
Half Yearly Report for the 6 months ended 31 August 2017 View
Annual Report and Financial Statement for the year ended 28 February 2017 View


2016
Half Yearly Report for the 6 months ended 31 August 2016 View
Annual Report and Financial Statement for the year ended 29 February 2016 View


2015
Half Yearly Report for the 6 months ended 31 August 2015 View
Annual Report and Financial Statement for the year ended 28 February 2015 View


2014
Half Yearly Report for the 6 months ended 31 August 2014 View
Annual Report and Financial Statement for the year ended 28 February 2014 View


2013
Half Yearly Report for the 6 months ended 31 August 2013 View
Annual Report and Financial Statement for the year ended 28 February 2013 View


2012
Half Yearly Report for the 6 months ended 31 August 2012 View
Annual Report and Financial Statement for the year ended 29 February 2012 View


2011
Half Yearly Report for the 6 months ended 31 August 2011 View
Annual Report and Financial Statement for the year ended 28 February 2011 View


2010
Half Yearly Report for the 6 months ended 31 August 2010 View
Annual Report and Financial Statement for the year ended 28 February 2010 View


2009
Half Yearly Report for the 6 months ended 31 August 2009 View
Annual Report and Financial Statement for the year ended 29 February 2009 View


2008
Half Yearly Report for the 6 months ended 31 August 2008 View
Annual Report and Financial Statement for the year ended 29 February 2008 View


2007
Half Yearly Report for the 6 months ended 31 August 2007 View
Annual Report and Financial Statement for the year ended 28 February 2007 View


2006
Half Yearly Report for the 6 months ended 31 August 2006 View

Relations with Shareholders

Shareholder Relations Contact: Hannah Williamson

Email: hannah.williamson@edge.uk.com

Telephone: 020 7317 1308

The Board welcomes the views of shareholders and puts a premium on effective communication with its shareholders.

All written communication with shareholders is reviewed by the Board to ensure that shareholder enquiries are promptly and adequately resolved.

Shareholders are encouraged to attend the Company’s general meetings, where the directors and representatives of the Investment Manager and of the Company’s other advisers will be available to answer any questions shareholders may have.

The Board also communicates with shareholders through half-yearly and annual reports which include a chairman’s statement and the Investment Manager’s review, both of which are reviewed and approved by the Board to ensure that they present a fair assessment of Edge Performance VCT’s position and future prospects.

Edge Performance VCT Investment Policy

Click here to view the Investment Policy

Edge Performance VCT

Edge Performance VCT plc (“Edge Performance VCT” or the “Company”), was incorporated and registered in England and Wales on 8 September 2005 with registered number 05558025 as a public company with limited liability under the Companies Act 1985. Its registered office and its principal place of business is at 1 Marylebone High Street, London W1U 4LZ (telephone number 020 7317 1300).

The Company’s principal object is to carry on the business of a venture capital trust company.

The Company does not have any subsidiaries.

The principal legislation under which Edge Performance VCT operates is the Companies Act and the regulations made thereunder. Save for its compliance with the Companies Act (and the regulations from time to time made thereunder), the Listing Rules, the Disclosure and Transparency Rules, the Prospectus Rules and VCT Rules, the Company is not an authorised regulated entity.

Edge Performance VCT’s company secretary, The City Partnership (UK) Limited, acts as custodian of the Company’s unquoted investments. The City Partnership (UK) Limited is registered under the Money Laundering Regulations 2007 and is listed on the FCA register with number 593293.

Board

At present the board of directors of Edge Performance VCT (the “Board” or “Directors”), constitutes  Terry Back as non-executive director and Chairman.

Directors are provided with key information on the Company’s activities including regulatory and statutory requirements and internal controls by the Company’s solicitors, the Company’s VCT status adviser, the company secretary and the Investment Manager. The Board has direct access to corporate governance advice and compliance services through the company secretary, who is responsible for ensuring that board procedures are followed and compliance requirements are met.

The Board is responsible to shareholders for the proper management of the Company and aims to meet at least quarterly. It has formally adopted a schedule of matters which must be brought to it for decision, thus ensuring that it maintains full and effective control over appropriate strategic, financial, operational and compliance issues. The Chairman, together with the company secretary, establishes the agenda for each board meeting and all necessary papers are distributed in advance of the meetings. The Board considers all matters not included within the remits of the board committees.

All of the Directors are equally responsible for the proper conduct of the Company’s affairs. In addition, the Directors are responsible for ensuring that the policies and operations are in the best interests of the shareholders and that the best interests of creditors and suppliers to the Company are properly considered.

Committees

The Board has formed an audit committee, a nomination committee and a remuneration committee. The members of these committees are:

Committee Members
Audit Terry Back (Chairman)
Nomination
Remuneration

The duties of the audit committee include reviewing the half-yearly and annual accounts, the system of internal controls, the terms of appointment of the auditor and the auditor’s remuneration, and ensuring that auditor objectivity and independence is safeguarded in the provision of non audit services by the auditor. It also provides a forum through which the auditor may report to the Board and meets at least twice a year.

The nomination committee reviews potential appointments to the Board and the appropriateness of the terms of appointment of the Directors.

Internal Control

The Board has established an ongoing process for the identification, evaluation and management of the significant risks faced by the Company. The Board acknowledges that it is responsible for the Company’s internal control systems and for reviewing their effectiveness. Internal controls are designed to manage the particular needs of the Company and the risks to which it is exposed. The internal control systems aim to ensure the maintenance of proper accounting records, the reliability of the financial information on which business decisions are made and which is used for publication, and that the assets of the Company are safeguarded. They can by their nature provide only reasonable and not absolute assurance against material misstatement or loss. The financial controls operated by the Board include regular reviews of both the financial results and investment performance.

The Board has delegated to third parties the provision of: investment management services; legal and VCT status advisory services; day-to-day accounting, company secretarial and administration services; and share registration services.

Each of these contracts was entered into after full and proper consideration by the Board of the quality and cost of services offered. The Board receives and considers regular reports from the investment manager.

Ad hoc reports and information are supplied to the Board as required. The Board keeps under review the terms of the agreement with the investment manager.

Review of Internal Control

The process adopted by the Board for identifying, evaluating and managing the risks faced by Edge Performance VCT includes an annual review of the control systems. The review covers a consideration of the significant risks in each of five areas: statutory and regulatory compliance, financial reporting, investment strategy, investment performance and reputation.

Each risk is considered with regard to; the likelihood of occurrence, the probable impact on Edge Performance VCT and the controls exercised at source, through reporting and at Board level.

Net Asset Value Calculations

The Board is responsible for the determination and calculation of the net asset value of Edge Performance VCT, which is undertaken quarterly and included in the announcement of annual results of Edge Performance VCT, half-year results of Edge Performance VCT and interim management statements. All unquoted investments will be valued bi-annually in accordance with IPEVC Valuation Guidelines under which investments are not normally re-valued above cost within twelve months of acquisition and thereafter are carried at fair value. Any AIM or other quoted investment will be valued at the bid price of its shares as derived from the Daily Official List of the London Stock Exchange.

The net asset value of Edge Performance VCT is audited annually by the Edge Performance VCT’s auditor, Grant Thornton UK LLP which is registered as an auditor by the Institute of Chartered Accountants of England and Wales. Grant Thornton was appointed as Edge Performance VCT’s auditor on 24 August 2011.

Edge Investments - Investment Manager

Edge Investments is the trading name of Edge Investments Limited, which was incorporated and registered in England on 13 July 2005 with registered number 05507396. Its principal place of business and registered office is at 1 Marylebone High Street, London W1U 4LZ (telephone number 020 7317 1300). It is authorised and regulated by the Financial Conduct Authority (FCA number: 455446).

November 2019
12 November: Directorate and auditor changes View


October 2019
10 October: Investee company corporate action View


September 2019
23 September: Realisation of investment View
13 September :Corporate Update View
13 September: Appointment of Directors View


August 2019
29 August: Results of Annual General Meeting View


July 2018
06 July : Results of I Share Class Meeting View


June 2018
12 June : Results of General Meeting View
12 June : Results of Annual General Meeting View


May 2018
15 May : Publication of Circular View
15 May : Annual Financial Report View
01 May : Total Voting Rights View


April 2018
10 April : Director/PDMR Shareholding View
06 April : Director/PDMR Shareholding View
06 April : Issue of Equity View


January 2018
15 January : Offer for Subscription View


November 2017
02 November : Related party transaction View
02 November : Half yearly report View


August 2017
18 August : Results of AGM View
17 August : Directorate change View
17 August : Directorate change View


June 2017
09 June : Annual financial report View


January 2017
20 January : Quarterly update View


October 2016
28 October : Half yearly report View


September 2016
16 September : Result of Conversion of Shares View


August 2016
31 August : Restructure of Share Classes/Waiver of Carried Interest View
30 August : Temporary Suspension of Trading View
25 August : Result of AGM View
22 August : G & I share interim dividend declarations View
19 August : Capital Simplification View
04 August : Variation of Investment Management Agreement View


July 2016
6 July : Dividend Declaration View
1 July : Annual Financial Report View


March 2016
31 March : Directorate Change View


January 2016
18 January : Quarterly Update View


November 2015
30 November : Major Interest in Shares View
12 November : Interim dividend View


October 2015
30 October : Half yearly report View


August 2015
6 August : Results of AGM View


June 2015
30 June : Annual Financial Report View


April 2015
23 April : Issue of Equity View
17 April : Issue of Equity View
07 April : Director Shareholding View
07 April : Director PDMR Shareholding View
07 April : Issue of Equity View


January 2015
16 January : Quarterly Update View


December 2014
11 December : Dividend declaration View
04 December : Results of General Meeting View
03 December : Results of General Meeting View


November 2014
18 November : Dividend Declaration View
04 November : Dividend Declaration View
04 November : Publication of Prospectus View


October 2014
31 October : Half-yearly Report View


August 2014
07 August : Results of AGM View


July 2014
18 July : Interim Management Statement View
01 July : Total Voting Rights View


June 2014
26 June : Annual Financial Report View
26 June : Retirement of Director View
06 June : Issue of Equity View
06 June : Confirmation of Issue Price View


May 2014
23 May : Dividend Declaration View
23 May : Closing Date of H Offer View
23 May : Reinstatement of Allotment View


April 2014
17 April : Postponement of Allotment View
17 April : Postponement of Dividend View
07 April : Issue of Equity View
07 April : Director/PDMR Shareholding View


January 2014
17 January : Interim Management Statement View

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