Northern 2 VCT PLC Portfolio Update
June 10 2013 - 6:51AM
UK Regulatory
TIDMNTV
10 JUNE 2013
NORTHERN 2 VCT PLC
PORTFOLIO UPDATE
Northern 2 VCT PLC ("Northern 2 VCT") announces the sale of its
investment in IG Doors Limited ("IG Doors"), which manufactures steel
and GRP composite doors, to the Hörmann Group.
Northern 2 VCT received cash proceeds of GBP1.62 million for its holding
of ordinary shares in IG Doors. The carrying value of the investment in
IG Doors in Northern 2 VCT's audited financial statements for the year
ended 31 March 2013, published on 30 May 2013, was GBP1.27 million. The
uplift in Northern 2 VCT's net assets resulting from the sale is
therefore GBP0.35 million, equivalent to approximately 0.5p per ordinary
share.
For further information, please contact:
NVM Private Equity Limited
Alastair Conn/Christopher Mellor 0191 244 6000
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 2 VCT PLC via Thomson Reuters ONE
HUG#1708265
http://www.nvm.co.uk/investorarea/northern_2_vct_plc.php
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