Northern Inv. Co PLC Net Asset Value(s)

 
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) 
                                                    ----------     -------- 
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)

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