NTV Northern 2 Vct Plc

 
TIDMNTV 
 
 
   9 DECEMBER 2014 
 
   NORTHERN 2 VCT PLC 
 
   PORTFOLIO UPDATE 
 
   On 3 December 2013 Northern 2 VCT PLC ("Northern 2 VCT") announced the 
sale of its investment in Alaric Systems Limited, which provides payment 
processing and fraud prevention software, to a subsidiary of NCR 
Corporation. 
 
   The announcement stated that Northern 2 VCT could become entitled to 
receive further sale proceeds of up to GBP0.70 million over the period 
to December 2017, to be recognised in the financial statements as and 
when received. 
 
   Northern 2 VCT is now pleased to announce the receipt of an initial 
tranche of additional sale proceeds amounting to GBP0.35 million, 
equivalent to approximately 0.4 pence per Northern 2 VCT ordinary share, 
which was not recognised in the unaudited half-yearly financial 
statements for the six months ended 30 September 2014 which were 
published on 11 November 2014.  The company may become entitled to 
receive the residual further proceeds of up to GBP0.35 million over the 
period to December 2017 but this contingent asset has not yet been 
recognised in the financial statements. 
 
   For further information, please contact: 
 
   NVM Private Equity Limited 
 
   Alastair Conn/Christopher Mellor             0191 244 6000 
 
   Neither the contents of the NVM Private Equity Limited website, 
www.nvm.co.uk, 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 announcement. 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX 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 2 VCT PLC via Globenewswire 
 
   HUG#1878531 
 
 
  http://www.nvm.co.uk/investorarea/northern_2_vct_plc.php 
 

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