Net Asset Value as at 30 June 2018
10 JULY 2018
NORTHERN INVESTORS COMPANY PLC
UNAUDITED NET ASSET VALUE AS AT 30 JUNE 2018
Northern Investors Company PLC (“the Company”) is a private equity investment trust managed by NVM Private Equity LLP. The Company was launched in 1984 and has been listed on the London Stock Exchange since 1990. In July 2011 shareholders approved a change in investment strategy whereby the Company ceased making new investments and began an orderly realisation of its portfolio with a view to returning capital to shareholders. The Company has subsequently returned a total of £90.7 million to shareholders by way of tender offers, redemptions of B shares and dividend distributions.
The unaudited net asset value per ordinary share as at 30 June 2018 was 230.1 pence (31 March 2018 (audited) 232.1 pence).
For the purposes of calculating the net asset value per share, unquoted investments are carried at fair value as at 30 June 2018 as determined by the directors.
Net assets at 30 June 2018 comprised the following:
| % of | |||||
| £ | 000 | net assets | |||
| Unquoted investments at fair value as determined | |||||
| by the directors | 5,701 | 99.2 | |||
| Net current assets/(liabilities): | |||||
| Cash and near-cash balances | 1,885 | 32.8 | |||
| Provision for performance-related management fee | (1,784 | ) | (31.0 | ) | |
| Other debtors less creditors | (57 | ) | (1.0 | ) | |
| ---------- | -------- | ||||
| Net assets | 5,745 | 100.0 | |||
| ---------- | -------- | ||||
The number of ordinary shares in issue at 30 June 2018 was 2,496,767 (31 March 2018 2,496,767).
Enquiries:
Northern Investors Company PLC
Nigel Guy/James Bryce 0191 244 6000
Stifel Nicolaus Europe
Neil Winward/Mark Bloomfield/Gaudi le Roux 020 7710 7600
Website:
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.
