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

Edge Performance VCT plc
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Global Dawn Limited
In 2008 and 2009, Edge Performance made a series of investments in Enrich Social Productions Limited, a company
which develops new multi-channel; entertainment formats, and the technical platforms powering those formats. In August
2010, the business of Enrich Social Productions was acquired by Global Dawn as part of a broader restructuring and
refinancing process. As part of that process, Edge Performance made a further investment in Global Dawn, bringing its
total investment in the business since 2008 to £2.945 million, and increasing Edge Performance’s equity holding to just
under 43.5%. Global Dawn has revenue-generating commercial arrangements already in place with Tesco, Pepsi and
Unilever, and with the prospect in the near future of deals with similarly strong counterparties.
The Company’s investment in Global Dawn Limited has been made in equal proportions from the C and D Share Funds.
B & W Events Limited
The Company invested £1,000,000 in B & W Events in September 2009.
The founder of B & W Events is Andrew Wilkinson. A member of the Rolling Stones management team until 1987,
Andrew then set up Kingstreet Tours, initially to produce concert tours by existing management clients such as the Rolling
Stones and Pink Floyd. Subsequently, Andrew became manager of Bill Wyman, whilst at the same time continuing to
develop the speciality of concert tour management and production. Since its formation, Kingstreet has produced tours for
acts such as Billy Joel, Elton John, Genesis, Phil Collins, Robbie Williams, the Spice Girls, Sting and Whitney Houston.
B & W Events successfully promoted the joint concerts in February 2010 at London’s O2 Arena by legendary performers
Eric Clapton and Jeff Beck, marking the first occasion in many years that these two giants of the music world have
performed together in the UK.
Coolabi plc
The Company invested £250,000 in AIM-listed Coolabi plc in November 2009, with a small follow-on investment in
February 2010. In October 2010, the Company made a further investment in Coolabi, bringing its shareholding in Coolabi
to 16.7%.
The business of Coolabi is that of acquisition and exploitation of a range of different intellectual property portfolios, including
Purple Ronnie, Scarlett and Crimson, Dead Gorgeous and The Large Family. 2009 saw expansion and growth, with the
acquisition of rights to the Ambler, Innes and Creasey literary estates, and the extension of distribution agreements for
Bagpuss, Clangers & Ivor the Engine.
The operational highlights shown in Coolabi’s report and accounts for the 6 months ended 30 June 2010 include a 20%
year on year growth in Purple Ronnie book sales for Valentine’s Day, with four titles in the Sunday Times bestseller list
and the launch of Bagpuss, Clangers and Ivor The Engine on iTunes. The board of Coolabi forecasts a strong second half
for the year ending 31 December 2010, principally due to contracted television revenues to be received during the period,
and remains confident that the company is on course to deliver EBITDA growth for the year in line with expectations.