Northern 2 VCT PLC Net Asset Value(s)
February 06 2017 - 1:00AM
UK Regulatory
TIDMNTV
6 FEBRUARY 2017
NORTHERN 2 VCT PLC
UNAUDITED NET ASSET VALUE AS AT 31 DECEMBER 2016
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 2016
was 77.3 pence (30 September 2016 77.3 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 2017, which was paid to eligible
shareholders on 27 January 2017.
For the purposes of calculating the net asset value per share, quoted
investments are carried at bid price as at 31 December 2016 and unquoted
investments are carried at fair value as at 31 December 2016 as
determined by the directors.
During the three months ended 31 December 2016 there were no significant
investment acquisitions or disposals.
The number of ordinary shares in issue at 31 December 2016 was
93,394,459. During the three months ended 31 December 2016 no new
shares were issued by the company and no shares were re-purchased for
cancellation.
Enquiries:
Alastair Conn/Christopher Mellor, 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.
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 2 VCT PLC via Globenewswire
http://www.nvm.co.uk/investorarea/northern_2_vct_plc.php
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