Northern 2 VCT PLC Net Asset Value(s)

 
TIDMNTV 
 
 
   6 FEBRUARY 2017 
 
   NORTHERN 2 VCT PLC 
 
   UNAUDITED NET ASSET VALUE AS AT 31 DECEMBER 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 31 December 2016 
was 77.3 pence (30 September 2016 77.3 pence).  The net asset value is 
stated before deducting the interim dividend of 2.0 pence per share in 
respect of the year ending 31 March 2017, which was paid to eligible 
shareholders on 27 January 2017. 
 
   For the purposes of calculating the net asset value per share, quoted 
investments are carried at bid price as at 31 December 2016 and unquoted 
investments are carried at fair value as at 31 December 2016 as 
determined by the directors. 
 
   During the three months ended 31 December 2016 there were no significant 
investment acquisitions or disposals. 
 
   The number of ordinary shares in issue at 31 December 2016 was 
93,394,459.  During the three months ended 31 December 2016 no new 
shares were issued by the company 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 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 2 VCT PLC via Globenewswire 
 
 
  http://www.nvm.co.uk/investorarea/northern_2_vct_plc.php 
 

(END) Dow Jones Newswires

February 06, 2017 02:00 ET (07:00 GMT)

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