Be the first to know
Subscribe here to receive NVM email bulletins about NVM, our market and our portfolio straight to your inbox.
12 SEPTEMBER 2006
NORTHERN INVESTORS COMPANY PLC
SALE OF INVESTMENT
Northern Investors Company PLC (‘the Company’) announces that it has realised
its investment in AFI Aerial Platforms Limited (‘AFI’) for #3.7 million in cash.
The sale price represents an uplift of #0.8 million over the carrying value of
the investment as at 31 July 2006, equivalent to approximately 4.1 pence per
ordinary share in the Company.
The Company originally invested #0.9 million in AFI in July 2004, with a further
#0.4 million invested in April 2006. Total income and capital receipts from the
investment in AFI amounted to #3.8 million, generating a compound internal rate
of return of over 80% per annum over the life of the investment.
Alastair Conn/Christopher Mellor, Northern Investors Company PLC – 0191 244 6000
This information is provided by RNS
The company news service from the London Stock Exchange