Net Asset Value
09 Febbraio 2024 - 9:00AM
UK Regulatory
Net Asset Value
9 FEBRUARY 2024
NORTHERN 3 VCT PLC
UNAUDITED NET ASSET VALUE AS AT 31
DECEMBER 2023
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 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 2023 was 91.7 pence (30 September 2023
(unaudited) 90.0 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 2024, which was paid to eligible shareholders on 17
January 2024.
For the purposes of calculating the net asset
value per share, quoted investments are carried at bid price as at
31 December 2023 and unquoted investments are carried at fair value
as at 31 December 2023 as determined by the directors.
New Investments:
During the three months ended 31 December 2023 two new venture
capital investments were completed.
| Name of company |
Business activity |
Amount
invested
£000 |
| Wobble Genomics Limited |
Development of processes to extract, sequence and identify
long-read RNA circulating in blood |
1,053 |
| iOpt Limited |
Remote performance monitoring
of property assets for social housing sector |
1,038 |
| |
|
|
In addition to the new investments above
£2,071,000 was invested in four existing portfolio companies during
the quarter.
Realisations:
During the three months ended 31 December 2023 two venture capital
investments were realised.
Name of company |
Sale proceeds
£000 |
Original cost
£000 |
Carrying value at 30 September 2023
£000 |
| Haystack Dryers Limited |
214 |
1,284 |
187 |
| Medovate Limited |
81 |
1,591 |
81 |
The number of ordinary shares in issue at 31
December 2023 was 137,725,406. During the three months ended 31
December 2023 9,681,062 shares were allotted at prices between
91.84 pence per share and 96.81 pence per share and 902,693 shares
were re-purchased for cancellation at a price of 85.50 pence per
share.
Enquiries:
James Sly, Mercia Asset Management PLC – 0330
223 1430
Website: www.mercia.co.uk/vcts
The contents of the Mercia Asset Management PLC
website and the contents of any website accessible from hyperlinks
on the Mercia Asset Management PLC website (or any other website),
are not incorporated into, nor forms part of, this
announcement.
Grafico Azioni Northern 3 Vct (LSE:NTN)
Storico
Da Gen 2025 a Feb 2025
Grafico Azioni Northern 3 Vct (LSE:NTN)
Storico
Da Feb 2024 a Feb 2025
