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14 APRIL 2011
NORTHERN INVESTORS COMPANY PLC
Receipt of general meeting requisition notice
The Board of Northern Investors Company PLC (“the Company”) hereby announces that on 12 April 2011 it received a requisition notice from Nortrust Nominees Limited, acting on behalf of Brookwell Limited (“Brookwell”), a shareholder holding in excess of 5 per cent of the Company’s total voting rights.
The requisition notice from Brookwell requires the Company to call a general meeting to consider the following resolutions:
1 That the Directors are requested to put forward constructive proposals to address the lack of liquidity in the Company’s ordinary shares and the high discount to Net Asset Value (“NAV”) at which such shares have been traded historically on the London Stock Exchange. The proposals should benefit the interests of all shareholders and enable those shareholders who wish to realise their investment to do so at a value close to NAV over an agreed period. The terms should also be on an equitable basis for continuing shareholders.
2 That the Directors of the Company are requested to ensure that no further investments are made by the Company (other than those to which it is already irrevocably committed as of the date of this requisition) until the Board’s proposals, as a result of the above resolution, have been voted upon by shareholders in general meeting.
Pursuant to the requisition notice, the Board will convene a general meeting to consider the above resolutions as soon as reasonably practicable, and will send a circular to shareholders in due course.
Alastair Conn/Christopher Mellor, NVM Private Equity Limited – 0191 244 6000
Joe Winkley/Neil Winward, Oriel Securities Limited – 0207 710 7600
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information contained therein.
Source: Northern Investors Co PLC via Thomson Reuters ONE