NNA Northern Aim

 
TIDMNNA 
 
3 JUNE 2011 
 
NORTHERN AIM VCT PLC 
 
STATEMENT RE POSSIBLE MERGER 
 
The boards of Northern 3 VCT PLC ("Northern 3") and Northern AIM VCT PLC 
("Northern AIM") announce that they have commenced discussions with a view to a 
possible merger of the two companies.  Any merger would be subject to approval 
by the shareholders of both companies.  Subject to further consideration, it is 
envisaged that the merger would be effected by means of a scheme of 
reconstruction under Section 110 of the Insolvency Act 1986 by transferring the 
assets and liabilities of Northern AIM to Northern 3 in consideration for new 
Northern 3 ordinary shares, which would be issued to Northern AIM shareholders 
on the basis of the respective net asset values.  A merger on this basis will be 
outside the provisions of The City Code on Takeovers and Mergers. 
 
A further announcement will be made in due course. 
 
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 
 
[HUG#1521179] 
 

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