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

Edge Performance VCT plc
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Granon Entertainment Limited
In April 2010, Edge Performance VCT invested £1,000,000 in Granon Entertainment Limited for a 50% equity interest.
Granon was founded by Adam Driscoll. Adam was the co-founder of MAMA Group plc, and its until its sale to HMV in
early 2010. Under Adam, MAMA Group expanded its business to include artist management, music publishing, live venue
ownership, event ownership and event promotion and grew to a business with a market cap of £50m by the time of its
sale.
Granon is seeking to capitalise on the growing move by established musical performers away from traditional major record
label deals, by offering them and their representatives a viable alternative route to market for their music.
Non – Qualifying Investments
As with the C Share, D Share, E Share and F Share Funds, initially, the net proceeds of the Offer will be invested in a
range of fixed income securities and cash and cash equivalent assets, offering a high degree of capital preservation.
Whilst a suitable level of return will be sought from such investments, the Company will continue, for as long as it feels it
appropriate, to regard capital preservation as the paramount consideration. Subsequently, up to 30% of the investment
funds will be maintained in such investments whilst the balance is reinvested in Qualifying Investments.
Details of the Company’s non-qualifying investments as at the date of this Prospectus are set out on pages 36 to 39.
How to Invest
An Application Form is included at the end of this document. The minimum investment is £5,000. Although there is no
maximum size of investment, tax reliefs are available on a maximum VCT investment of £200,000 per individual in any
one tax year.
Category of Potential Investors
A typical investor for whom the Offer is designed is a UK income taxpayer over 18 years of age with an investment range
of between £5,000 and £200,000 in any one tax year who, having regard to the risk factors set out on pages 8 and 9,
considers the investment policy of the Company to be attractive. This may include retail, institutional and sophisticated
investors and high net worth individuals who already have a portfolio of non-VCT investments.
Forward-Looking Statements
Prospective Investors should not place undue reliance on forward-looking statements. This Prospectus includes statements
that are (or may be deemed to be) “forward-looking statements”, which can be identified by the use of forward-looking
terminology including the terms “believes”, “continues”, “expects”, “intends”, “may”, “will”, “would”, “should” “targets” or, in
each case, their negative or other variations or comparable terminology. These forward-looking statements include all
matters that are not historical facts. Forward-looking statements involve risk and uncertainty because they relate to future
events and circumstances. Forward-looking statements contained in this Prospectus, based on past trends or activities,
should not be taken as a representation that such trends or activities will continue in the future. These statements will be
updated as and when required by the Prospectus Rules, the Listing Rules and the Disclosure and Transparency Rules.