Northern Inv. Co PLC Portfolio Update

 
TIDMNRI 
 
 
   15 MARCH 2017 
 
   NORTHERN INVESTORS COMPANY PLC 
 
   PORTFOLIO UPDATE 
 
   Northern Investors Company PLC ("Northern Investors") announces the sale 
of its investment in Cawood Scientific ("Cawood"), the UK's largest 
independent provider of analytical laboratory testing services for 
land-based industries, through a secondary management buy-out 
transaction supported by funds advised by Inflexion Private Equity. 
 
 
 
   Northern Investors has received cash proceeds of GBP3.23 million for its 
holding of ordinary shares and loan stock in Cawood.   The directors' 
valuation of the investment in Cawood for the purposes of calculating 
the unaudited net asset value as at 31 December 2016, which was 
announced on 15 February 2017, was GBP3.01 million.  The uplift in 
Northern Investors' net assets resulting from the realisation is 
therefore GBP0.22 million, equivalent to approximately 8.8 pence per 
share based on the 2,496,767 shares currently in issue. 
 
 
 
   In accordance with Northern Investors' policy of realising its 
investment portfolio and returning funds to shareholders, the directors 
will make an announcement in due course setting out proposals for a 
further cash distribution. 
 
 
 
 
 
 
 
   For further information, please contact: 
 
 
 
   Northern Investors Company PLC 
 
   Nigel Guy/Christopher Mellor 
0191 244 6000 
 
 
 
   Stifel Nicolaus Europe Limited 
 
   Neil Winward/Mark Bloomfield/Gaudi le Roux                  020 7710 
7600 
 
 
 
   Website:  www.nvm.co.uk 
 
 
 
 
 
   Neither the contents of the NVM Private Equity LLP website nor the 
contents of any website accessible from hyperlinks on the NVM Private 
Equity LLP website (or any other website) is incorporated into, or forms 
part of, this announcement. 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Northern Investors Co PLC via Globenewswire 
 
 
  http://www.nvm.co.uk/investorarea/northern_investors_company_plc.php

(END) Dow Jones Newswires

March 15, 2017 08:00 ET (12:00 GMT)

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