EDGE has announced that the fourth issueof its Enterprise Investment Scheme

(EIS), the Edge Performance EIS, raised£5.5m in its latest fund-raising round,meaning Edge has now raised a total of£11.7m over its four EIS offers.The news comes as Edge confirmed a finalfundraising figure for its Edge Performance VCTF Share Offer of £29,056,655, nearly three timesits original £10m target.The Edge Performance EIS has been created toinvest in companies in the entertainment industry.The fourth issue is targeting a return to investorsof £1.30 for each £1 invested over its six year termbefore taking into account the benefit to investorsof available tax reliefs.Edge founder David Glick said the growingsuccess of the Edge Performance EIS marked anew milestone for the company.“Edge is best-known for its Venture Capital Trust(VCT) product, and with £77.2m raised over thepast five years, the Edge Performance VCT is nowone of the most popular VCT funds in the UK withinvestors. But we are gaining increasing tractionwith our EIS fund too. Key to our success has

been bringing the successful Edge PerformanceVCT formula to the EIS sector.“With these two funds, Edge is committed tohelping investors make the most of the manyopportunities for growth in the creative andentertainment industries.”Edge’s reputation has been built on the quality ofa team which includes not just renownedentertainment industry dealmaker Glick himself,but also impresario Harvey Goldsmith, former SonyMusic business affairs head Alasdair George, VCTpioneer Gordon Power, Elton John manager FrankPresland, former Emap and HMV Group chairmanSir Robin Miller and superstar DJ Pete Tong. Companies in which Edge funds have investedhave promoted more than 200 live concerts in totalsince December 2006 featuring artists rangingfrom Kanye West to Backstreet Boys, Eric Claptonand recent Grammy Award winner Jeff Beck.Edge has since broadened its investment remit toembrace the wider entertainment industry.One of the first examples of this approach has beenan investment in Coolabi, the licensing company whichholds the rights to such popular children’s charactersas Bagpuss, The Clangers and Purple Ronnie.

Issue 8: July 2010

www.edge.uk.com

Edge’s entertainment EIS enjoys most successful fundraising yetAnother £5.5m brings Edge’s EIS total to nearly £12m.

EDGE Legal director Richard Baskindhas advised critically acclaimed

artist Nerina Pallot on her signing toGeffen Records, just as hersongwriting career is hitting newheights with two tracks on the newKylie Minogue album.Pallot – who has been represented by Edgefor all of her career – is reunited in the dealwith Universal Music executive Colin Barlowwith whom she signed her first record deal.In the meantime she has released threealbums and built a flourishing career as awriter for other artists, including Kylie, forwhom she wrote the title track of the newalbum Aphrodite and Diana Vickers.Said Baskind, “People often bemoan themusic industry’s ability to nurture long termartists, but Nerina is a notable exceptionwho is set to reach new levels of success.We are delighted to work with her.”

Pallot Signs to Geffen

Glick welcomes Budgetcheer for VCTsEDGE Group founder David Glick has

welcomed changes in the Budgetwhich should benefit Venture CapitalTrusts (VCTs).With gains from investments in VCTs continuingto remain exempt from Capital Gains Tax –raised in the Budget to 28% for higher ratetaxpayers – Glick forecasts that VCTs willbecome even more attractive to investors.“We have been consistent in arguing that VCTsprovide an ideal vehicle to encourage privatecapital to invest in the creative industries,” hesaid. “On that basis, this looks like a progressivebudget.”Meanwhile previously VCTs have been restrictedto investing in companies whose business waswholly or mainly in the UK. The Budget clarifiedthat in future the requirement will be only thatinvestee companies have a base in the UK.“This is a particularly welcome development inan international business like entertainment,”said Glick. “Given Edge’s deep industry relationsworldwide, I expect that this will open upsignificant new opportunities for our investors.” Edge Group funds have raised almost £90mover the past four years.

Busted star Bourneplots West End debutEDGE Legal is supporting former

Busted star James Bourne on the legalwork surrounding his move into musicaltheatre, Loserville: the Musical, which hehas co-written with writer and composerElliot Davis.Bourne and Davis are currently plotting theWest End debut for the show which wassuccessfully staged last year at Bracknell'sSouth Hill Park Arts Centre.Loserville’s story was inspired by the albumWelcome to Loserville, released in 2005 byBourne’s post-Busted band Son of Dork, and isset in 1971 America, focussing on a Michael Dork,a computer geek and his high school friends.Edge Legal partner Richard Baskind said,“Loserville shows a new side to James Bourneand demonstrates how he can embrace a newmusical form with skill and assurance. We allhave high hopes for its West End opening. Itshould be a great night out.”Bourne himself has said, “We think it will appealto people who aren’t necessary regular musicaltheatre goers; we hope it will convince someregular music lovers who might not be intomusicals that there is something in it for them.”More information is available atwww.loservillemusical.tv

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EDGE Legal has helped award-winningUK fashion designer Giles Deacon to

the creative directorship of fabled Frenchfashion house Emmanuel Ungaro.

The deal, negotiated by Edge Group founderDavid Glick and Edge Legal’s Al Philp, willsee Deacon take the helm of Ungaro andunveil his first ready-to-wear collection for thebrand in Paris in October.

Longstanding Edge client Deacon –renowned for his womanswear – is expectedto restore the design credentials of thetraditionalist fashion house after itscontroversial liaison with popstar-turned-designer Lindsay Lohan.

Deacon was named Best New Designer of2004 after debuting his first collection atLondon Fashion Week, and was Designer ofthe Year just two years later in 2006.

Last summer he was awarded the prestigiousANDAM Grand Prix for his work.

The designer will add the Ungaro brief to aworkload which includes collections under his

This document has been approved by Edge InvestmentManagement Limited (the “Company”), a company authorisedunder the Financial Services and Markets Act 2000This document does not constitute or form, and should not beconstrued as constituting or forming, part of any offer orinvitation to sell, or any solicitation of any offer to purchase orsubscribe for, any securities in Edge Performance VCT plc or

the Edge Live Protected EIS Funds or any other body corporateor fund, or an invitation or inducement to engage in investmentactivity under section 21 of the Financial Services and MarketsAct 2000, nor shall it or any part of it form the basis of or berelied on in connection with any contract therefor.No reliance may be placed for any purpose whatsoever on theinformation contained in this document or on assumptions made

as to its completeness. Some of the statements in thedocument represent the personal opinions of the directors ofthe Company. No representation or warranty, express or implied,is given by the Company, any of its subsidiaries or associatedcompanies or any of their respective advisers, officers,employees or agents, as to the accuracy, fairness orcompleteness of the information, opinions or statements based

on the belief of the directors of the Company contained in thisdocument or expressed in the document and no liability isaccepted for any such information or opinions or statementsbased on the belief of the directors of the Company (whichshould not be relied upon) or for any loss howsoever arising,directly or indirectly, from any use of this document or itscontents or information expressed in the document.

Edge Key Contacts About Edge Group

Edge Group is a leading advisory andinvestment boutique for the entertainmentindustry

The Edge difference is its unrivalled networkof entertainment industry professionals whichensures quality deal flow and industry-leadingexpertise to evaluate opportunities

Edge Legal offers a highly commercialapproach working with clients to developcompanies and careers

Edge Media is a specialist corporatefinance house with a particular expertise inbuying and selling rights catalogues

Edge Investment Management hasquickly built a strong reputation in taxefficient investments in the live music andevents business.

For more information visitwww.edge.uk.comDavid Glick Alasdair George Gordon Power Richard Baskind

Edge Group 1 Marylebone High Street London W1U 4LZ Telephone: 020 7317 1300 www.edge.uk.com

own name as well as for mass market retailerNew Look.

Deacon was first approached by Ungaromanaging director Marie Fournier in April. Shepraised Deacon’s “gravitas and sensibility to re-interpret the rich heritage” of the Ungarobrand.

Al Philp said, “Giles is refreshingly down toearth and a pleasure to deal with, so it hasbeen a delight to work with him on securingthis significant new deal.”

News in BriefLong-time Edge Legal client GavinRossdale has completed the first albumfrom his band Bush for nine years.Rossdale revealed in an interview withLA’s famous KROQ radio station thatEverything Always Now will be releasedin October and is expected to beaccompanied by a tour. Bush have soldmore than 14m albums... Best wishes toLiz Marshall, formerly PA to David Glick, whohas left to join Colin Lester, the new CEO ofUniversal-backed management companyTwenty First Artists... Edge Legal hasnegotiated a worldwide record deal withWarner Music for actor Oliver Tompsett,best known for his portrayal of Fiyero inthe West End production of Wicked –“the untold story of the Witches of Oz”.Tompsett, 29, has a long pedigree inmusicals, having made his West Enddebut in the Madness musical OurHouse, later appearing in Mamma Mia.

EDGE Group director Alasdair Georgehas paid tribute to South African opera

singer Siphiwo Ntshebe who has diedsuddenly aged 35.

George acted as legal advisor to Ntshebe –dubbed the Black Pavarotti - who had beenpredicted to make his international breakthroughat the opening ceremony of this year’s WorldCup in South Africa where he was to haveappeared with long-time supporter NelsonMandela.

However Ntshebe contracted meningitis anddied on May 25, barely two weeks before theWorld Cup opened.

George had worked closely with Ntshebe’s teamto negotiate a worldwide record deal with SonyMusic who were set to launch the young star’scareer around the world.

“Sip was a supreme performer, said George,“and gave every indication that he could be oneof the greats of modern opera. Sadly it was notto be, but all of his friends and colleagues were touched by the care with which the World Cup organisers recognised him in the opening ceremony.”A video of Ntshebe performing was played at the ceremony and Sony Music has now released his debut album for the company posthumously.

Deacon takes the helm at Ungaro

George pays tribute to Siphiwo

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