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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Northern 2 Vct Plc | LSE:NTV | London | Ordinary Share | GB0005356430 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 54.50 | 53.00 | 56.00 | 54.50 | 54.50 | 54.50 | 0.00 | 08:00:09 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Investors, Nec | -2.96M | -3.46M | -0.0177 | -30.79 | 106.47M |
TIDMNTV 18 FEBRUARY 2019 NORTHERN 2 VCT PLC UNAUDITED NET ASSET VALUE AS AT 31 DECEMBER 2018 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 2018 was 65.0 pence (30 September 2018 64.9 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 2019, which was paid to eligible shareholders on 25 January 2019. For the purposes of calculating the net asset value per share, quoted investments are carried at bid price as at 31 December 2018 and unquoted investments are carried at fair value as at 31 December 2018 as determined by the directors. During the three months ended 31 December 2018 the following venture capital transactions took place: New investments: Amount invested Name of company Business activity GBP000 --------------------- -------------------------------------------- --------- SaaS training and learning management Administrate Limited platform 722 Thanksbox Limited Employee engagement platform provider 385 Subsequent to 31 December 2018 the Company has completed a new investment of GBP529,000 in Life's Great Group (trading as Mojo Mortgages), an online mortgage broking platform. Realisations: Sale Original Carrying value at Name of company proceeds cost 31 March 2018 ------------------------------- ------------ ---------- ------------------- GBP 000 GBP 000 GBP 000 Closerstill Group -- sale of company 2,923 1,683 2,198 Lanner Group -- loan stock repayment 52 52 52 Sinclair Pharma (AIM quoted) -- agreed takeover 490 425 287 Subsequent to 31 December 2018 the Company has completed the sale of its holding in Lanner Group, generating proceeds of GBP705,000 compared to a residual holding cost of GBP304,000. The number of ordinary shares in issue at 31 December 2018 was 130,144,306. During the three months ended 31 December 2018 409,884 shares were re-purchased for cancellation at a price of 61.0 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
February 18, 2019 10:45 ET (15:45 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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