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

6 Edge Performance VCT plc
• Performance-related incentive fee of 19% of cumulative Dividends (prior to calculation of performance fees) in
excess of £1.00 per G Share, rising to 29% of cumulative Dividends (prior to calculation of performance fees) in
excess of £1.20 per G Share. The Chairman of the Company will be entitled to receive a performance fee of 1%
calculated on the same basis.
The Offer
• Up to 10,000,000 G Shares are being offered for subscription at 100p per Share except where the Offer is, or in
the opinion of the Directors is likely to be, over-subscribed in which case the Directors have discretion to increase
the number of G Shares that are the subject of the Offer to no more than 30 million G Shares.
• Minimum investment per application is £5,000.
• Authorised financial intermediaries will receive introductory commission on successful applications of 3%, or 2.25%
initial commission and annual trail commission of 0.375% for up to four years.
• Successful applicants whose applications for G Shares are received:
• by 31 December 2010 will receive 30 additional G Shares for every 1,000 G Shares subscribed for;
• after 31 December 2010 but by 31 January 2011 will receive 20 additional G Shares for every 1,000 G
Shares subscribed for;
• after 31 January 2011, but by 28 February 2011 will receive 10 additional G Shares for every 1,000 G Shares
subscribed for.
• Additionally, successful applicants who are Shareholders (as at the date of this Prospectus) and whose applications
for G Shares are received by 28 February 2011, will receive 20 additional G Shares for every 1,000 G Shares
subscribed for.
• The Directors reserve the right, in their absolute discretion, to terminate or vary the incentive arrangements detailed
in the preceding two paragraphs at any time prior to the close of the Offer.
• Excluding the impact of any dilution attributable to the issue of additional G Shares under the early subscription
incentive arrangements, the total initial expenses of the Offer have been fixed at 5.5% of funds raised and the initial
unaudited net asset value of the G Share Fund will be 94.5p per G Share.
Prospective Investors should complete and return the Application Form at the end of this document. The terms and
conditions of application for the Offer should be read carefully by prospective investors.
The G Shares
The proceeds of the Offer will be administered as a separate investment pool from the C, D, E and F Share Funds.
C, D, E and F Shareholders will suffer no dilution of the Net Asset Value attributable to their Shares. The offer price of
the G Shares will not be varied if the Net Asset Value of the C, D, E or F Shares were to fluctuate during the course of
the Offer.
III:9.1
Expected timetable
Offer opens 8.00am on 20 October 2010
2010/11 Offer closes 5.00pm on 5 April 2011
2011/12 Offer closes 3.00pm on 3 June 2011 (unless previously brought forward or
extended by the Directors)
First allotment no earlier than 1 March 2011 and no later than 5 April 2011
Dealings commence
within 20 business days of first allotment
III:5.2.3(g)
III:4.7