NVT Northern Venture Trust Plc

 
TIDMNVT 
 
 
   25 FEBRUARY 2021 
 
   NORTHERN VENTURE TRUST PLC 
 
   UNAUDITED NET ASSET VALUE AS AT 31 DECEMBER 2020 
 
   Northern Venture Trust PLC ("the Company") is a Venture Capital Trust 
("VCT") launched in 1995 and advised 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 72.9 pence (30 September 2020 70.7 pence). The net asset value is 
stated before deducting the final dividend of 2.5 pence per share in 
respect of the year ended 30 September 2020, which was paid to eligible 
shareholders on 22 January 2021. 
 
   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. 
 
   New Investments: 
 
   During the three months ended 31 December 2020 no new venture capital 
investments were completed. 
 
   A total of GBP2,362,000 was invested in eight existing portfolio 
companies during the quarter. 
 
   Realisations: 
 
 
 
 
                                                         Carrying value 
                                           Original net        at 
 Name of company          Sale proceeds        cost       30 Sept 2020 
-----------------------  --------------  --------------  -------------- 
                             GBP000          GBP000          GBP000 
Agilitas IT Holdings             12,057             943          12,057 
Lending Works                       256             925             192 
It's All Good                     3,224           1,205           2,511 
Collagen Solutions PLC              298             321             287 
 
 
   The number of ordinary shares in issue at 31 December 2020 was 
158,952,520. During the three months ended 31 December 2020 no shares 
were allotted and 667,470 shares were re-purchased for cancellation at 
an average price of 67.2 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)

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