TIDMNTV 
 
 
   9 FEBRUARY 2015 
 
   NORTHERN 2 VCT PLC 
 
   PORTFOLIO UPDATE 
 
   Northern 2 VCT PLC ("Northern 2 VCT") announces the realisation of its 
investment in Kerridge Commercial Systems Limited ("KCS"), which 
provides integrated business software solutions for the distributive 
trades, to the incumbent KCS management team backed by private equity 
funds managed by Accel-KKR. 
 
   Northern 2 VCT has received cash proceeds of GBP8.58 million for its 
holding of ordinary shares and loan notes in KCS.  The directors' 
valuation of the investment in KCS for the purposes of calculating the 
unaudited net asset value as at 30 September 2014, disclosed in the 
half-yearly report for the six months then ended which was published on 
11 November 2014, was GBP7.87 million.  The uplift in Northern 2 VCT's 
net assets resulting from the realisation is therefore GBP0.71 million, 
equivalent to approximately 0.8 pence per share based on the 92,278,230 
shares currently in issue. 
 
   Northern 2 VCT may, subject to any warranty claims which may be made by 
the purchaser, become entitled to receive further proceeds of up to 
GBP0.37 million in February 2016, which will be recognised in the 
financial statements as and when received. 
 
   The directors expect to announce Northern 2 VCT's unaudited net asset 
value per share as at 31 December 2014 on 17 February 2015. 
 
   Enquiries: 
 
   Alastair Conn/Christopher Mellor, NVM Private Equity LLP - 0191 244 6000 
 
   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 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#1892709 
 
 
  http://www.nvm.co.uk/investorarea/northern_2_vct_plc.php
Northern 2 Vct (LSE:NTV)
Historical Stock Chart
From Sep 2024 to Oct 2024 Click Here for more Northern 2 Vct Charts.
Northern 2 Vct (LSE:NTV)
Historical Stock Chart
From Oct 2023 to Oct 2024 Click Here for more Northern 2 Vct Charts.