Northern Venture Tst Investee Company - Intention To Float
08 April 2021 - 8:35PM
UK Regulatory
TIDMNVT
8 APRIL 2021
NORTHERN VENTURE TRUST PLC
INVESTEE COMPANY - INTENTION TO FLOAT
The board of Northern Venture Trust PLC (the "Company") notes the
announcement made today that musicMagpie PLC, the holding company of
Entertainment Magpie Group Limited and one of the Company's investee
companies, is to seek to have its shares admitted to trading on AIM, RNS
Number: 8246U.
Assuming the placing and admission takes place, it is expected that the
value of the Company's investment in musicMagpie PLC will increase by
comparison with its current carrying value as reflected in the Company's
unaudited net asset value as at 31 December 2020, which was announced on
25 February 2021. The Board intends to make a further announcement that
will quantify the impact, after pricing has been finalised and the
admission has taken place.
Enquiries:
Simon John/James Bryce, NVM Private Equity LLP - 0191 244 6000
Website:
https://www.globenewswire.com/Tracker?data=dGv3LoR0i72OvmLxe3eA6W7wdNRoqUBaT1qwmhJRoZhsjSHHV4mWXxYVGgIpiTx12SUhgnjDQfK8ucaDoNzQKw==
www.nvm.co.uk
Martin Glanfield, Chief Financial Officer Mercia Asset Management PLC -
0330 223 1430
Website:
https://www.globenewswire.com/Tracker?data=dGv3LoR0i72OvmLxe3eA6Wm02BAEptDmKKFgeI3-hrz3t2vGCIjoo7UwBBHM2qKTleCO7Er8bOW_d6AIt_vkBQ==
www.mercia.co.uk
Neither the contents of the NVM Private Equity LLP or the Mercia Asset
Management PLC website, nor the contents of any website accessible from
hyperlinks on the NVM Private Equity LLP or Mercia Asset Management PLC
website (or any other website), is incorporated into, or forms part of,
this announcement.
(END) Dow Jones Newswires
April 08, 2021 06:35 ET (10:35 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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