Interim Management Statement
(Thomson Reuters ONE) - 20 NOVEMBER 2009NORTHERN 2 VCT PLCINTERIM MANAGEMENT STATEMENTFOR THE QUARTER ENDED 31 OCTOBER 2009Northern 2 VCT PLC presents its interim management statement for thethree months ended 31 October 2009. This constitutes the company'ssecond interim management statement for the financial year ending 31January 2010, as required by the UK Listing Authority's Disclosureand Transparency Rule 4.3.The unaudited net asset value per ordinary share as at 31 October2009 was 78.6p (31 July 2009 77.1p). The net asset value is statedbefore deducting the interim dividend of 2.0p per share in respect ofthe year ending 31 January 2010, which was declared on 22 September2009 and will be paid to eligible shareholders on 4 December 2009.The number of ordinary shares in issue at 31 October 2009 was56,961,608. During the three months ended 31 October 2009 no newordinary shares were issued and 75,000 ordinary shares werere-purchased by the company for cancellation at a price of 56.5p pershare.For the purposes of calculating the net asset value per share, quotedinvestments are carried at bid price as at 31 October 2009 andunquoted investments are carried at fair value as at 31 October 2009as determined by the directors.During the three months ended 31 October 2009 the followingsignificant investment transactions took place (companies unquotedexcept where otherwise indicated):New investments:Name of company Business activity Amount invested £000Connaught plc (listed on London Integrated services provider 119Stock Exchange) (acquired in to the social housing,exchange for holding in public sector and complianceFountains plc) markets.Realisations: Carrying value at Sales Original 31 JulyName of company proceeds cost 2009 £000 £000 £000DxS Limited (trade sale for cash) 4,455 685 4,395Fountains plc (acquired by 119 166 113Connaught plc in share-for-sharedeal)John Fredericks Plastics Limited 149 961 -(trade sale for cash)In November 2009 the company sold its investment in Abermed Limitedfor cash proceeds of £1,241,000 (original cost £725,000, carryingvalue at 31 July 2009 £1,059,000).The directors are not aware of any other events or transactions whichhave taken place between 31 July 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: 20.11.2009 - 12:11 Uhr
Sprache: Deutsch
News-ID 8679
Anzahl Zeichen: 0
contact information:
Town:
London
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 200 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Interim Management Statement"
steht unter der journalistisch-redaktionellen Verantwortung von
Northern 2 VCT PLC (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
