Interim Management Statement
(Thomson Reuters ONE) - 30 JULY 2009NORTHERN VENTURE TRUST PLCINTERIM MANAGEMENT STATEMENTFOR THE QUARTER ENDED 30 JUNE 2009Northern Venture Trust PLC presents its interim management statementfor the quarter ended 30 June 2009. This constitutes the company'ssecond interim management statement for the financial year ending 30September 2009, as required by the UK Listing Authority's Disclosureand Transparency Rule 4.3. This statement has been prepared solelyto provide additional information in order to meet the requirementsof the Disclosure and Transparency Rules and should not be relied onby shareholders, or any other party, for any other purpose.The unaudited net asset values per ordinary share and C share, andthe number of shares in issue, as at 30 June 2009 were as follows: Net asset value Number of shares per share in issueOrdinary shares of 25p 74.5p 40,170,808C shares of 75p 74.5p 20,612,249The net asset value per ordinary share is stated after deducting theinterim ordinary share dividend of 3.0p per share for the year ending30 September 2009, which was declared on 7 May 2009 and paid on 26June 2009. The net asset value per C share is stated after deductingthe interim C share dividend of 1.0p per share for the year ending 30September 2009, which was declared on 7 May 2009 and paid on 26 June2009.On 26 June 2009 240,946 new ordinary shares were allotted at a priceof 73.2p per share in connection with the company's dividendinvestment scheme. No ordinary or C shares were purchased forcancellation during the quarter. In accordance with the articles ofassociation, on 29 October 2009 the company's C shares will beconverted into new ordinary shares on a basis reflecting the netassets per share attributable to the respective pools of funds as at30 September 2009.For the purpose of calculating the net asset value per share, quotedinvestments are carried at bid price as at 30 June 2009 and unquotedinvestments are carried at fair value as at 30 June 2009 asdetermined by the directors.During the three months ended 30 June 2009 there were no significantinvestment transactions. On 15 July 2009 the company's ordinaryshare pool sold its investment in Liquidlogic Limited, an unquotedprovider of software solutions to public sector clients, for cashproceeds of £381,000. The book cost of the investment was £56,000and its carrying value at 30 June 2009 was £381,000. The company maybecome entitled to receive additional proceeds depending on thetrading performance of Liquidlogic Limited in the financial yearending 31 March 2010.The directors are not aware of any other events or transactions whichhave taken place between 31 March 2009 and the date of publication ofthis statement and which have had a material effect on the financialposition of the company.Enquiries:Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191244 6000Website: www.nvm.co.uk---END OF MESSAGE---This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 30.07.2009 - 16:27 Uhr
Sprache: Deutsch
News-ID 4161
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