Interim Management Statement

 
TIDMNNA 
 
14 MARCH 2011 
 
NORTHERN AIM VCT PLC 
 
INTERIM MANAGEMENT STATEMENT 
FOR THE QUARTER ENDED 31 JANUARY 2011 
 
Northern  AIM VCT PLC presents its  interim management statement for the quarter 
ended  31 January 2011.  This constitutes the company's first interim management 
statement  for the financial year ending  31 October 2011, as required by the UK 
Listing Authority's Disclosure Rules and Transparency Rules, Rule 4.3. 
 
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 holdings in UK AIM- 
quoted  and unquoted companies.  The company is a venture capital trust approved 
by HM Revenue & Customs and 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 (NAV) per ordinary share as at 31 January 2011 was 
32.6p (31  October 2010 (audited) 31.6p).  The net  asset value is stated before 
deducting  the final dividend of 3.0p per share in respect of the financial year 
ended  31 October 2010, which was approved by shareholders at the annual general 
meeting on 11 March 2011 and will be paid on 18 March 2011. 
 
For  the  purposes  of  calculating  the  net  asset  value  per  share,  quoted 
investments  are  carried  at  bid  price  as  at  31 January  2011 and unquoted 
investments are carried at fair value as at 31 January 2011 as determined by the 
directors. 
 
The  following table shows the movement in the company's NAV and share price and 
the FTSE AIM index during the three months ended 31 January 2011: 
 
                         31 January 2011 31 October 2010 Increase/decrease 
 
                                                             during period 
 
 
 
NAV per share                      32.6p           31.6p             +3.2% 
 
Share price                        28.0p           25.5p             +9.8% 
 
FTSE AIM All-share index           940.3           814.4            +15.5% 
 
 
There  were no significant investment acquisitions or disposals during the three 
months ended 31 January 2011. 
 
The  number of  ordinary shares  in issue  at 31 January  2011 was 22,321,112. 
During  the quarter ended 31 January 2011 no shares were allotted or bought back 
for cancellation by the company. 
 
The directors are not aware of any other events or transactions which have taken 
place  between 31 October 2010 and the date of publication of this statement and 
which have had a material effect on the financial position of the company. 
 
This  statement has  been prepared  solely to  provide additional information in 
order  to meet the  requirements of the  Disclosure Rules and Transparency Rules 
and  should not be relied on by shareholders,  or any other party, for any other 
purpose. 
 
 
Enquiries: 
 
Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000 
Website: www.nvm.co.uk 
 
Neither  the contents of the NVM Private Equity Limited website nor the contents 
of  any website  accessible from  hyperlinks on  the NVM  Private Equity Limited 
website  (or any  other website)  is incorporated  into, or  forms part of, this 
announcement. 
 
 
 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Northern AIM VCT PLC via Thomson Reuters ONE 
 
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