Northern Inv. Co PLC Net Asset Value(s)
25 July 2016 - 8:01PM
UK Regulatory
TIDMNRI
25 JULY 2016
NORTHERN INVESTORS COMPANY PLC
UNAUDITED NET ASSET VALUE AS AT 30 JUNE 2016
Northern Investors Company PLC ("the Company") is a private equity
investment trust managed by NVM Private Equity LLP. The Company was
launched in 1984 and has been listed on the London Stock Exchange since
1990. In July 2011 shareholders approved a change in investment
strategy whereby the Company ceased making new investments and began an
orderly realisation of its portfolio with a view to returning capital to
shareholders. The Company has subsequently returned a total of GBP77.3
million to shareholders by way of tender offers and dividend
distributions.
The Company announces that the unaudited net asset value per share as at
30 June 2016 was 660.2 pence (31 March 2016 (audited) 685.4 pence). The
net asset value is stated before deducting the final dividend of 24.0
pence per share in respect of the year ended 31 March 2016, which was
approved by shareholders at the annual general meeting on 5 July 2016
and was paid on 22 July 2016.
The number of ordinary shares in issue at 30 June 2016 was 2,496,767 (31
March 2016 2,496,767). No shares were allotted or re-purchased during
the three months ended 30 June 2016.
For the purposes of calculating the net asset value per share, unquoted
investments are carried at fair value as at 30 June 2016 as determined
by the directors.
Net assets at 30 June 2016 comprised the following:
% of
GBP000 net assets
Unquoted investments at fair value as determined
by the directors 11,145 67.6
Net current assets/(liabilities):
Cash and near-cash balances 7,637 46.3
Provision for performance-related management fee (2,168) (13.1)
Other debtors less creditors (130) (0.8)
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Net assets 16,484 100.0
---------- --------
No investments were acquired or sold during the three months ended 30
June 2016.
Enquiries:
Northern Investors Company PLC
Nigel Guy/Christopher Mellor
0191 244 6000
Stifel Nicolaus Europe
Neil Winward/Mark Bloomfield/Gaudi le Roux 020 7710
7600
Website: www.nvm.co.uk
Neither the contents of the NVM Private Equity LLP website nor the
contents of any website accessible from hyperlinks on the NVM Private
Equity LLP website (or any other website) is incorporated into, or forms
part of, this announcement.
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Northern Investors Co PLC via Globenewswire
HUG#2030370
http://www.nvm.co.uk/investorarea/northern_investors_company_plc.php
(END) Dow Jones Newswires
July 25, 2016 06:01 ET (10:01 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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