20th Nov 2006 09:30
Edge Performance VCT PLC20 November 2006 Edge Performance VCT plc sells Subsidiary On 16 November 2006, further to the option arrangement which was disclosed inthe prospectus dated 6 February 2006 of Edge Performance VCT plc ('theCompany'), Edge Music Limited exercised its option to acquire the Company'sentire shareholding in the Company's one subsidiary, Edge Investment ManagementLimited. This option could be exercised only after Edge Investment ManagementLimited was authorised under the FSMA which happened on 31 October 2006. Theconsideration paid for the Company's shareholding was as specified in the optionagreement, namely, £1. Edge Music Limited is a company owned 90.1% by DavidGlick, a director of Edge Performance VCT plc. For further information, please contact Kate Glick, Company Secretary, EdgePerformance VCT plc. Tel: 020 7317 1310 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
EDG.L