TIDMNTN 
 
 
   25 FEBRUARY 2021 
 
   NORTHERN 3 VCT PLC 
 
   UNAUDITED NET ASSET VALUE AS AT 31 DECEMBER 2020 
 
   Northern 3 VCT PLC ("the Company") is a Venture Capital Trust ("VCT") 
launched in 2001 and managed by Mercia Fund Management Limited.  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 2020 
was 97.5 pence (30 September 2020 (unaudited) 93.6 pence). 
 
   For the purposes of calculating the net asset value per share, quoted 
investments are carried at bid price as at 31 December 2020 and unquoted 
investments are carried at fair value as at 31 December 2020 as 
determined by the directors. 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 2021, which was paid to eligible shareholders on 29 
January 2021. 
 
   New investments: 
 
   During the three months ended 31 December 2020 no new venture capital 
investments were completed. 
 
   A total of GBP2,123,000 was invested in eight existing portfolio 
companies during the quarter. 
 
   Realisations: 
 
 
 
 
                                                          Carrying value at 
 Name of company          Sale proceeds    Original cost    31 March 2020 
-----------------------  --------------  ---------------  ----------------- 
                             GBP000          GBP000            GBP000 
Agilitas IT Holdings             10,507              822              4,611 
Lending Works                       216              779                  - 
It's All Good                     3,028            1,131              1,686 
Collagen Solutions PLC              252              271                 39 
 
 
   The number of ordinary shares in issue at 31 December 2020 was 
110,151,090. During the three months ended 31 December 2020 no shares 
were allotted and 294,000 shares were re-purchased for cancellation at 
an average price of 88.9 pence per share. 
 
   Enquiries: 
 
   Simon John/James Bryce, NVM Private Equity LLP -- 0191 244 6000 
 
   Website:  www.nvm.co.uk 
 
   Martin Glanfield, Chief Financial Officer, Mercia Asset Management PLC 
-- 0330 223 1430 
 
   Website: www.mercia.co.uk 
 
   Neither the contents of the NVM Private Equity LLP or the Mercia Asset 
Management PLC website,  nor the contents of any website accessible from 
hyperlinks on the NVM Private Equity LLP or Mercia Asset Management PLC 
website (or any other website), are incorporated into, or forms part of, 
this announcement.

(END) Dow Jones Newswires

February 25, 2021 12:20 ET (17:20 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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