Northern Inv. Co PLC Portfolio Update

 
TIDMNRI 
 
 
   11 APRIL 2017 
 
   NORTHERN INVESTORS COMPANY PLC 
 
   PORTFOLIO UPDATE 
 
   Northern Investors Company PLC ("Northern Investors") announces the sale 
of its investment in Optilan Group ("Optilan"), a leading provider of 
telecommunications systems integration services, through a secondary 
management buy-out transaction with Blue Water Energy LLP. 
 
   Northern Investors has received initial cash proceeds of GBP4.18 million 
for its holding of ordinary shares and loan stock in Optilan, plus 
GBP0.73 million in respect of arrears of loan stock interest not 
previously recognised.  The directors' valuation of the investment in 
Optilan for the purposes of calculating the unaudited net asset value as 
at 31 December 2016, which was announced on 15 February 2017, was 
GBP4.21 million.  The uplift in Northern Investors' net assets resulting 
from the realisation is therefore GBP0.70 million, equivalent to 
approximately 28.0 pence per share based on the 2,496,767 shares 
currently in issue. 
 
   Northern Investors may become entitled to receive further sale proceeds 
of up to GBP0.58 million depending on Optilan's future performance. 
These proceeds will be recognised in the financial statements as and 
when received. 
 
   In accordance with Northern Investors' policy of realising its 
investment portfolio and returning funds to shareholders, the directors 
will make an announcement in due course setting out proposals for a 
further cash distribution. 
 
   For further information, please contact: 
 
   Northern Investors Company PLC 
 
   Nigel Guy/Christopher Mellor 
0191 244 6000 
 
   Stifel Nicolaus Europe Limited 
 
   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 Corporate Solutions on behalf 
of Nasdaq 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 
 
 
  http://www.nvm.co.uk/investorarea/northern_investors_company_plc.php 
 

(END) Dow Jones Newswires

April 11, 2017 02:00 ET (06:00 GMT)

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