EDGE_G_4 12-59-34_Layout 1 - The Tax Shelter Report

18 Edge Performance VCT plc
Such event licensing arrangements are attractive to the Events Companies as they accelerate their access to events,
artists and other “talent”, venues and expertise and provide an underpinned minimum return with potential upside. These
event licensing arrangements are also attractive to established promoters as they allow access to cash and a risk-sharing
promotion partner. The profits from the events will be divided between the Events Companies and the established promoter
on an agreed basis.
A number of established promoters have expressed interest in entering into such event licensing arrangements with the
Events Companies. Edge Performance already has arrangements providing for event licensing arrangements with SJM,
a leading UK concert promoter, and with AEG Live (UK), a UK subsidiary of leading international music promotion business,
AEG Live, for the promotion of events with the Events Companies.
The Directors and the Manager
The collective experience of the Board and the Manager’s investment team, which covers VCT fund management, venture
capital, investment banking, live event promotion, corporate finance, private equity, artist management, legal and business
affairs, accountancy, tax and deal structuring skills will be employed in the selection and management of the Company’s
investments.
Directors
The Directors listed below, all of whom are non-executive, are responsible for overseeing the investment policy and will
have overall responsibility for the Company’s activities. The Directors are, with the exception of David Glick, independent
of the Manager.
The Manager
The investment manager of the Company is Edge Investment Management which was established in July 2005. The
members of the Edge Investment Management investment committee are all directors of Edge Investment Management;
their details are shown below.
The Directors
Sir Robin Miller (Chairman of Edge Performance)
Robin Miller was formerly Chief Executive (1985-98 and 2001-03) and Chairman (1998-2001) of Emap plc, one of the
UK’s leading media groups with businesses including consumer and trade publishing, commercial radio and music TV
channels and events.
In 2003, Robin became senior media adviser to HgCapital, and was involved in the successful disposal of Boosey &
Hawkes and Clarion Events Limited. He was previously a non executive director of Channel 4 Television (1999-2006),
and was Chairman of their New Business Board, was Non-Executive Chairman of the HMV Group (2004-2005), Senior
Non-Executive Director at Mecom Group plc (2005-2009), Chairman of Entertainment Rights plc (2008-2009) and
Setanta Sports in 2009.
Robin is currently also a non-executive director of The Racing Post and Time Out Group, Chairman of IBIS Media VCT
plc, Getmemedia.com Limited, Golf Club Network and Crash Media Group, a director of Bikesportnews.com and a Trustee
of the Golf Foundation and Riders for Health.
Julian Paul FCA
Julian Paul is a chartered accountant and ex-merchant banker who has held a number of senior positions with companies
in the media and entertainment sector. He was Deputy Chairman and a founder shareholder of Eagle Rock Entertainment:
Eagle Rock, which is now majority-owned by its management following a secondary buy-out in 2007 and which operates
in the music and entertainment business. It acquires and creates audio and visual programming rights, both music and
factual, and exploits these rights through the release of own-label CDs and DVDs and through the licensing of these
rights for TV and other media. Eagle Rock has a production arm which produces live concert programming for distribution
for TV, DVD and other media including concerts by Yes, Atomic Kitten and Fat Boy Slim.
He was, between 1994 and 1999, a shareholder and director and subsequently a consultant to Sanctuary Group which
acted as manager to Iron Maiden amongst other artists. Other current directorships include Cellcast, an AIM quoted digital
interactive broadcaster; Pilat Media Global, an AIM quoted broadcasting application software business; and Stagecoach
Theatre Arts, an AIM quoted franchisor of performing arts schools.