Northern 3 VCT plc Investee Company - Intention To Float

 
TIDMNTN 
 
 
   8 APRIL 2021 
 
   NORTHERN 3 VCT PLC 
 
   INVESTEE COMPANY - INTENTION TO FLOAT 
 
   The board of Northern 3 VCT PLC (the "Company") notes the announcement 
made today that musicMagpie PLC, the holding company of Entertainment 
Magpie Group Limited and one of the Company's investee companies, is to 
seek to have its shares admitted to trading on AIM, RNS Number: 8246U. 
 
   Assuming the placing and admission takes place, it is expected that the 
value of the Company's investment in musicMagpie PLC will increase by 
comparison with its current carrying value as reflected in the Company's 
unaudited net asset value as at 31 December 2020, which was announced on 
25 February 2021.  The Board intends to make a further announcement that 
will quantify the impact, after pricing has been finalised and the 
admission has taken place. 
 
   Enquiries: 
 
   Simon John/James Bryce, NVM Private Equity LLP - 0191 244 6000 
 
   Website: 
https://www.globenewswire.com/Tracker?data=hu9j7-WSS05ADgY5ni63oTyodqYJ3TuOmc-1fduRdUl2mKWy5WE621prV9tOdcJ8imHx6Ig_uG2m73Gqx_PHqg== 
www.nvm.co.uk 
 
   Martin Glanfield, Chief Financial Officer Mercia Asset Management PLC - 
0330 223 1430 
 
   Website: 
https://www.globenewswire.com/Tracker?data=hu9j7-WSS05ADgY5ni63oaDo-ZFOwsEb3ZqZIjggi2qEfYQvvuygYduhn1VswiHd0BB1W3K7EGt8AZa23PGHsA== 
www.mercia.co.uk 
 
   Neither the contents of the NVM Private Equity LLP or the Mercia Asset 
Management PLC website, nor the contents of any website accessible from 
hyperlinks on the NVM Private Equity LLP or Mercia Asset Management PLC 
website (or any other website), is incorporated into, or forms part of, 
this announcement. 
 
 
 
 

(END) Dow Jones Newswires

April 08, 2021 06:35 ET (10:35 GMT)

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