Law firm Howard Kennedy has advised Edge Performance VCT on its offer for subscription of up to 10,000,000 G shares at an issue price of GBP1.00 each with an over-allotment facility of up to, in aggregate, a further 20,000,000 G shares.
Edge is the first specialist VCT to target the entertainment sector and allows investors access to the sector whilst minimising the risks often associated with it.
Now in its fifth year, Edge has raised over GBP77m and is managed by Edge Investment Management, an entertainment fund manager.
Corporate partners Dov Katz and Keith Lassman led the latest transaction and acted as both sponsor and legal adviser.
Katz says: “We are delighted to have acted for Edge Performance VCT in their latest transaction. We previously advised them on the subscriptions of both their E and F share offers. It is great to work with the first VCT in the entertainment industry and we look forward to working with them again in the future.”
