Interim Management Statement

 
TIDMNVTC 
 
30 JULY 2009 
 
NORTHERN VENTURE TRUST PLC 
 
INTERIM MANAGEMENT STATEMENT 
FOR THE QUARTER ENDED 30 JUNE 2009 
 
Northern Venture Trust PLC presents its interim management  statement 
for the quarter ended 30  June 2009.  This constitutes the  company's 
second interim management statement for the financial year ending  30 
September 2009, as required by the UK Listing Authority's  Disclosure 
and Transparency Rule 4.3.  This  statement has been prepared  solely 
to provide additional information in  order to meet the  requirements 
of the Disclosure and Transparency Rules and should not be relied  on 
by shareholders, or any other party, for any other purpose. 
 
The unaudited net asset  values per ordinary share  and C share,  and 
the number of shares in issue, as at 30 June 2009 were as follows: 
 
 
                         Net asset value   Number of shares 
                               per share           in issue 
 
Ordinary shares of 25p             74.5p         40,170,808 
C shares of 75p                    74.5p         20,612,249 
 
 
The net asset value per ordinary share is stated after deducting  the 
interim ordinary share dividend of 3.0p per share for the year ending 
30 September 2009, which was  declared on 7 May  2009 and paid on  26 
June 2009.  The net asset value per C share is stated after deducting 
the interim C share dividend of 1.0p per share for the year ending 30 
September 2009, which was declared on 7 May 2009 and paid on 26  June 
2009. 
 
On 26 June 2009 240,946 new ordinary shares were allotted at a  price 
of  73.2p  per  share  in  connection  with  the  company's  dividend 
investment scheme.   No  ordinary  or C  shares  were  purchased  for 
cancellation during the quarter.  In accordance with the articles  of 
association, on  29  October 2009  the  company's C  shares  will  be 
converted into  new ordinary  shares on  a basis  reflecting the  net 
assets per share attributable to the respective pools of funds as  at 
30 September 2009. 
 
For the purpose of calculating the net asset value per share,  quoted 
investments are carried at bid price as at 30 June 2009 and  unquoted 
investments are  carried  at  fair  value  as  at  30  June  2009  as 
determined by the directors. 
 
During the three months ended 30 June 2009 there were no  significant 
investment transactions.   On 15  July  2009 the  company's  ordinary 
share pool sold  its investment in  Liquidlogic Limited, an  unquoted 
provider of software  solutions to  public sector  clients, for  cash 
proceeds of GBP381,000.  The  book cost of  the investment was  GBP56,000 
and its carrying value at 30 June 2009 was GBP381,000.  The company may 
become entitled  to  receive  additional proceeds  depending  on  the 
trading performance  of Liquidlogic  Limited  in the  financial  year 
ending 31 March 2010. 
 
The directors are not aware of any other events or transactions which 
have taken place between 31 March 2009 and the date of publication of 
this statement and which have had a material effect on the  financial 
position of the company. 
 
 
Enquiries: 
 
Alastair Conn/Christopher Mellor, NVM  Private Equity Limited -  0191 
244 6000 
Website:  www.nvm.co.uk 
 
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This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.