Edge Performance VCT shareholders requisition GM – ShareSoc RNS

ShareSoc have issued a RNS, https://www.investegate.co.uk/sharesoc/rns/edge-performance-vct-shareholders-requisition-gm/202112030847115082U/, on behalf of Edge Performance VCT Shareholders who have requisitioned a general meeting, saying:

Edge Performance VCT shareholders requisition GM

On 2 December 2021, Edge Performance VCT (Edge) shareholders requisitioned a general meeting with the intention of closing the company and returning the funds to shareholders. They submitted, to the Edge board, documentation from approximately 10% of Edge shareholders requisitioning a general meeting and requiring the Edge board to circulate resolutions for that meeting in accordance with the Companies Act 2006 and the Articles of Association. The subject of the resolutions is as follows:

i.  to sell the assets and return the funds to shareholders and then close the company;

ii.  to elect Richard Roth and Robin Goodfellow as directors to facilitate this process;

iii.  to remove Terry Back, Sir Aubrey Brocklebank and Sir Peter Bazalgette from the Board who collectively have failed to resume the adjourned AGM for over 3 months and who have failed to face all shareholders by standing for election/re-election. They have also failed to give shareholders a chance to vote on the future direction of their company.

The accompanying 1,000 word statement can be read here:   https://www.sharesoc.org/wp-content/uploads/2021/12/Appendix-Supporting-statement-from-Requisitioning-Shareholders.pdf

The requisitioners have the support of ShareSoc and the ShareSoc Edge Performance VCT Campaign.

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