Share Name Share Symbol Market Type Share ISIN Share Description
Northern 3 Vct Plc LSE:NTN London Ordinary Share GB0031152027 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 86.50p 85.50p 87.50p 86.50p 86.50p 86.50p 0 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 2.5 1.8 1.8 48.1 82

Northern 3 VCT plc Net Asset Value

16/07/2019 1:00pm

UK Regulatory (RNS & others)


 
TIDMNTN 
 
 
   16 JULY 2019 
 
   NORTHERN 3 VCT PLC 
 
   UNAUDITED NET ASSET VALUE AS AT 30 JUNE 2019 
 
   Northern 3 VCT PLC ("the Company") is a Venture Capital Trust ("VCT") 
launched in 2001 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 2019 was 
92.8 pence (31 March 2019 (audited) 94.2 pence).  The net asset value is 
stated before deducting the final dividend of 2.0 pence per share in 
respect of the year ended 31 March 2019, which will be paid to eligible 
shareholders on 19 July 2019. 
 
   For the purposes of calculating the net asset value per share, quoted 
investments are carried at bid price as at 30 June 2019 and unquoted 
investments are carried at fair value as at 30 June 2019 as determined 
by the directors. 
 
   New investments: 
 
   During the three months ended 30 June 2019 one new venture capital 
investment was completed. 
 
 
 
 
                                                                          Amount 
                                                                          invested 
 Name of company    Business activity                                      GBP000 
-----------------  ----------------------------------------------------  --------- 
                   Provision of software products to the asset finance 
Quotevine Limited   industry                                                   704 
 
 
   In addition to the new investment above GBP280,000 was invested in three 
existing portfolio companies during the quarter. 
 
   Realisations: 
 
 
 
 
                                                             Carrying value at 
 Name of company             Sale proceeds    Original cost    31 March 2019 
--------------------------  --------------  ---------------  ----------------- 
                                GBP000          GBP000            GBP000 
MSQ Partners Group Limited           3,075            1,478              3,082 
 
 
   The number of ordinary shares in issue at 30 June 2019 was 94,368,056. 
During the three months ended 30 June 2019 7,162,551 shares were 
allotted at an average price of 91.9 pence and 661,000 shares were 
re-purchased for cancellation at an average price of 88.6 pence per 
share. 
 
   Enquiries: 
 
   Simon John/James Bryce, 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. 
 
 
 
 

(END) Dow Jones Newswires

July 16, 2019 08:00 ET (12:00 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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