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17 JANUARY 2011
NORTHERN 3 VCT PLC
INTERIM MANAGEMENT STATEMENT
FOR THE QUARTER ENDED 31 DECEMBER 2010
Northern 3 VCT PLC presents its interim management statement for the three
months ended 31 December 2010. This constitutes the company's second interim
management statement for the financial year ending 31 March 2011, as required by
the UK Listing Authority's Disclosure and Transparency Rule 4.3. This statement
has been prepared solely to provide additional information in order to meet the
requirements of the Disclosure and Transparency Rules and should not be relied
on by shareholders, or any other party, for any other purpose.
The unaudited net asset value per ordinary share as at 31 December 2010 was
90.8p (30 September 2010 89.3p). The net asset value is stated before deducting
the interim dividend of 2.0p per share in respect of the year ending 31 March
2011, which was declared on 9 November 2010 and was paid to eligible
shareholders on 14 January 2011.
The number of ordinary shares in issue at 31 December 2010 was 38,790,760.
During the three months ended 31 December 2010 no new shares were issued and no
shares were re-purchased by the company for cancellation.
For the purposes of calculating the net asset value per share, quoted
investments are carried at bid price as at 31 December 2010 and unquoted
investments are carried at fair value as at 31 December 2010 as determined by
During the three months ended 31 December 2010 the following significant
investment transactions took place:
Name of company Business activity invested
Cawood Scientific Analytical laboratory testing services for 825
IS Pharma (AIM quoted)* Speciality pharmaceuticals and medical devices 149
*Additional investment in existing portfolio company
The directors are not aware of any other events or transactions which have taken
place between 30 September 2010 and the date of publication of this statement
and which have had a material effect on the financial position of the company.
Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000
Neither the contents of the NVM Private Equity Limited website nor the contents
of any website accessible from hyperlinks on the NVM Private Equity Limited
website (or any other website) is incorporated into, or forms part of, this
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Northern 3 VCT PLC via Thomson Reuters ONE
(END) Dow Jones Newswires
January 17, 2011 11:49 ET (16:49 GMT)