Northern Inv. Co PLC Portfolio Update And Proposed Tender Offer
07 Marzo 2016 - 4:30PM
UK Regulatory
TIDMNRI
7 MARCH 2016
NORTHERN INVESTORS COMPANY PLC
PORTFOLIO UPDATE AND PROPOSED TENDER OFFER
Northern Investors Company PLC ("Northern Investors") announces the sale
of its investment in Control Risks Group Holdings Limited ("Control
Risks") for GBP7.30 million in cash. The directors' valuation of the
investment in Control Risks for the purposes of calculating Northern
Investors' unaudited net asset value as at 31 December 2015, which was
announced on 17 February 2016, was GBP7.30 million. Consequently there
is no change to the net asset value as a result of the sale.
On 2 March 2016 Northern Investors announced the sale of its investment
in Kitwave One Limited ("Kitwave") for initial cash proceeds of GBP8.14
million.
As previously announced, the directors intend to make a further
distribution of funds to shareholders by way of a tender offer.
Following the successful realisation of the investments in Kitwave and
Control Risks, the directors now envisage that the amount to be
distributed will be approximately GBP20 million. It is expected that a
circular giving details of the tender offer will be published on 8 March
2016 and that the ensuing re-purchase and cancellation of shares will be
completed by 31 March 2016.
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 OMX Corporate Solutions on
behalf of NASDAQ OMX 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
HUG#1992423
http://www.nvm.co.uk/investorarea/northern_investors_company_plc.php
(END) Dow Jones Newswires
March 07, 2016 10:30 ET (15:30 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Grafico Azioni Northern Investors (LSE:NRI)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Northern Investors (LSE:NRI)
Storico
Da Giu 2023 a Giu 2024
Notizie in Tempo Reale relative a Nthn.Investors (Borsa di Londra): 0 articoli recenti
Più Nthn.Investors Articoli Notizie