Northern Inv. Co PLC Portfolio Update
March 15 2017 - 7:00AM
UK Regulatory
TIDMNRI
15 MARCH 2017
NORTHERN INVESTORS COMPANY PLC
PORTFOLIO UPDATE
Northern Investors Company PLC ("Northern Investors") announces the sale
of its investment in Cawood Scientific ("Cawood"), the UK's largest
independent provider of analytical laboratory testing services for
land-based industries, through a secondary management buy-out
transaction supported by funds advised by Inflexion Private Equity.
Northern Investors has received cash proceeds of GBP3.23 million for its
holding of ordinary shares and loan stock in Cawood. The directors'
valuation of the investment in Cawood for the purposes of calculating
the unaudited net asset value as at 31 December 2016, which was
announced on 15 February 2017, was GBP3.01 million. The uplift in
Northern Investors' net assets resulting from the realisation is
therefore GBP0.22 million, equivalent to approximately 8.8 pence per
share based on the 2,496,767 shares currently in issue.
In accordance with Northern Investors' policy of realising its
investment portfolio and returning funds to shareholders, the directors
will make an announcement in due course setting out proposals for a
further cash distribution.
For further information, please contact:
Northern Investors Company PLC
Nigel Guy/Christopher Mellor
0191 244 6000
Stifel Nicolaus Europe Limited
Neil Winward/Mark Bloomfield/Gaudi le Roux 020 7710
7600
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.
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Northern Investors Co PLC via Globenewswire
http://www.nvm.co.uk/investorarea/northern_investors_company_plc.php
(END) Dow Jones Newswires
March 15, 2017 08:00 ET (12:00 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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