14th Dec 2006 17:46
Edge Performance VCT PLC14 December 2006 11 December 2006 EDGE PERFORMANCE VCT PLC ANNOUNCES ITS INVESTMENT IN "IN TANDEM PROMOTIONS" Edge Performance VCT plc, which has just announced a new Offer seeking to raisea further £30m, is pleased to announce its latest investment. An investment of £850,000 has been made in new independent live event promoterIn Tandem Promotions Limited ("In Tandem"). The company is headed by StevenHoward who was formerly Managing Director of Zomba Music Publishers and adirector of Jive Records. Following completion of the investment, Edge Performance now holds 49% of theissued share capital of In Tandem. In Tandem has entered into co-promotionarrangements with SJM Limited which is also a shareholder. SJM is a leadingindependent UK concert promoter which has promoted concerts by artists includingTake That, Oasis, Dido, Coldplay, Keane, Joss Stone, David Gray, Duran Duran,Franz Ferdinand and Green Day. Edge recently announced its first investment of £850,000 in a new independentlive event promoter, Martha and George Productions Limited, in which the Companynow holds 50% of the issued share capital. Martha and George Productions isheaded by Clive Black who is a former managing director of EMI Records. For further information please contact:- Edge Performance VCT plcDavid Glick, Director Tel: 020 7317 1300 Harvey Goldsmith, Edge Investment Management Tel: 020 7224 1992 Bankside Tel: 020 7367 8888Simon Astley M: 07798 558287 In Tandem Promotions LimitedSteven Howard has enjoyed a successful career spanning more than 25 years in themusic business including senior posts as Managing Director of Zomba MusicPublishers and as a director of Jive Records. Artists with whom he has enjoyedconsiderable success include The Thompson Twins, Edwyn Collins' Orange Juice,The Stray Cats, The Boomtown Rats, Billy Ocean, A Flock of Seagulls, Womack andWomack, Thomas Dolby, Joy Division and Nitin Sawhney. He manages Bryan Ferry,the newly re-formed Roxy Music and the ballerina Darcey Bussell as well as aroster of exciting new artists. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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