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NTV Northern 2 Vct Plc

54.50
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Northern 2 Vct Plc LSE:NTV London Ordinary Share GB0005356430 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 54.50 53.00 56.00 54.50 54.50 54.50 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investors, Nec -2.96M -3.46M -0.0177 -30.79 106.47M

Northern 2 VCT PLC Net Asset Value(s)

20/07/2016 10:01am

UK Regulatory


 
TIDMNTV 
 
 
   20 JULY 2016 
 
   NORTHERN 2 VCT PLC 
 
   UNAUDITED NET ASSET VALUE AS AT 30 JUNE 2016 
 
   Northern 2 VCT PLC ("the Company") is a Venture Capital Trust ("VCT") 
launched in 1999 and managed by NVM Private Equity LLP.  The Company's 
objective is to provide high long-term tax-free returns to investors 
through a combination of dividend yield and capital growth, by investing 
in a portfolio of investments mainly comprising unquoted venture capital 
holdings.  In order to maintain approval by HM Revenue & Customs as a 
VCT, the Company is required to comply on a continuing basis with the 
provisions of Section 274 of the Income Tax Act 2007. 
 
   The unaudited net asset value per ordinary share as at 30 June 2016 was 
78.4 pence (31 March 2016 (audited) 77.9 pence).  The net asset value is 
stated before deducting the second interim and final dividends totalling 
8.5 pence per share in respect of the year ended 31 March 2016, which 
will be paid to eligible shareholders on 22 July 2016. 
 
   For the purposes of calculating the net asset value per share, quoted 
investments are carried at bid price as at 30 June 2016 and unquoted 
investments are carried at fair value as at 30 June 2016 as determined 
by the directors. 
 
   During the three months ended 30 June 2016 the following significant 
venture capital portfolio transactions took place: 
 
   New investments: 
 
 
 
 
                                                                  Amount 
                                                                  invested 
 Name of company             Business activity                     GBP000 
Myparceldelivery Holdings   Parcel delivery comparison website         813 
Lending Works               Peer-to-peer lending platform              650 
 
 
   On 4 July 2016 the Company completed a new investment of GBP673,000 in 
Avid Technology Group, which specialises in the electrification and 
intelligent control of engine ancillaries, thermal management systems 
and hybrid systems. 
 
   Realisations: 
 
 
 
 
                    Sale     Original  Carrying value at 
Name of company    proceeds    cost      31 March 2016 
                   GBP000     GBP000        GBP000 
Silverwing            2,402     1,388              2,130 
 
 
   The number of ordinary shares in issue at 30 June 2016 was 91,608,230. 
During the three months ended 30 June 2016 no new shares were allotted 
and no shares were re-purchased for cancellation. 
 
   Enquiries: 
 
   Alastair Conn/Christopher Mellor, NVM Private Equity LLP - 0191 244 6000 
 
   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 2 VCT PLC via Globenewswire 
 
   HUG#2029609 
 
 
  http://www.nvm.co.uk/investorarea/northern_2_vct_plc.php 
 

(END) Dow Jones Newswires

July 20, 2016 05:01 ET (09:01 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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