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Pin to quick picksNorthern 3 Vct Regulatory News (NTN)

Share Price Information for Northern 3 Vct (NTN)

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Northern 3 VCT is an Investment Trust

To provide high long-term tax-free returns to investors through a combination of dividend yield and capital growth, invests primarily in unquoted UK manufacturing and service businesses.

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Net Asset Value(s)

25 Feb 2021 17:20

Net Asset Value(s)

25 FEBRUARY 2021

NORTHERN 3 VCT PLC

UNAUDITED NET ASSET VALUE AS AT 31 DECEMBER 2020

Northern 3 VCT PLC (“the Company”) is a Venture Capital Trust (“VCT”) launched in 2001 and managed by Mercia Fund Management Limited. The Company’s objective is to provide high long-term tax-free returns to investors through a combination of dividend yield and capital growth, by investing in a portfolio of investments mainly comprising unquoted venture capital holdings. In order to maintain approval by HM Revenue & Customs as a VCT, the Company is required to comply on a continuing basis with the provisions of Section 274 of the Income Tax Act 2007.

The unaudited net asset value per ordinary share as at 31 December 2020 was 97.5 pence (30 September 2020 (unaudited) 93.6 pence).

For the purposes of calculating the net asset value per share, quoted investments are carried at bid price as at 31 December 2020 and unquoted investments are carried at fair value as at 31 December 2020 as determined by the directors. The net asset value is stated before deducting the interim dividend of 2.0 pence per share in respect of the year ending 31 March 2021, which was paid to eligible shareholders on 29 January 2021.

New investments:

During the three months ended 31 December 2020 no new venture capital investments were completed.

A total of £2,123,000 was invested in eight existing portfolio companies during the quarter.

Realisations:

Name of company Sale proceeds Original cost Carrying value at 31 March 2020
 £000£000£000
Agilitas IT Holdings10,5078224,611
Lending Works216779-
It’s All Good3,0281,1311,686
Collagen Solutions PLC25227139

The number of ordinary shares in issue at 31 December 2020 was 110,151,090. During the three months ended 31 December 2020 no shares were allotted and 294,000 shares were re-purchased for cancellation at an average price of 88.9 pence per share.

Enquiries:Simon John/James Bryce, NVM Private Equity LLP – 0191 244 6000Website: www.nvm.co.uk

Martin Glanfield, Chief Financial Officer, Mercia Asset Management PLC – 0330 223 1430Website: www.mercia.co.uk

Neither the contents of the NVM Private Equity LLP or the Mercia Asset Management PLC website, nor the contents of any website accessible from hyperlinks on the NVM Private Equity LLP or Mercia Asset Management PLC website (or any other website), are incorporated into, or forms part of, this announcement.

Date   Source Headline
28th Mar 20235:00 pmGNWTransaction in Own Shares
23rd Mar 20234:30 pmGNWOffer Update
28th Feb 202311:00 amGNWTotal voting rights
21st Feb 20235:30 pmGNWTransaction in Own Shares
10th Feb 202311:00 amGNWNet Asset Value
31st Jan 202311:00 amGNWTotal voting rights
13th Jan 20231:00 pmGNWIssue of Equity and Total Voting Rights
12th Jan 20239:00 amGNWStatement re Offer for subscription
30th Dec 202211:00 amGNWTotal voting rights
20th Dec 20224:30 pmGNWTransaction in Own Shares
1st Dec 20225:30 pmGNWTransaction in Own Shares
29th Nov 20224:32 pmGNWInterim report
23rd Nov 20222:32 pmGNWStatement regarding intention to fund raise
23rd Nov 20222:31 pmGNWDividend Declaration
23rd Nov 20222:30 pmGNWInterim report
3rd Oct 20227:00 amGNWTotal voting rights
30th Sep 20227:00 amGNWCompany Secretary Change
28th Sep 20224:30 pmGNWTransaction in Own Shares
1st Sep 20227:00 amGNWTotal voting rights
18th Aug 20224:45 pmGNWTransaction in Own Shares
17th Aug 202210:30 amGNWIssue of Equity and Total Voting Rights
9th Aug 20222:30 pmGNWResult of AGM
15th Jul 20222:00 pmGNWNet Asset Value(s)
11th Jul 20224:30 pmGNWAnnual Financial Report
1st Jul 20227:00 amGNWTotal voting rights
22nd Jun 20225:15 pmGNWTransaction in Own Shares and Total Voting Rights
15th Jun 20223:00 pmGNWAnnual Financial Report
3rd May 20227:00 amGNWTotal voting rights
1st Apr 202212:02 pmGNWDirector/PDMR Shareholding
1st Apr 202212:02 pmGNWDirector/PDMR Shareholding
1st Apr 202212:02 pmGNWDirector/PDMR Shareholding
1st Apr 202212:02 pmGNWDirector/PDMR Shareholding
1st Apr 202212:00 pmGNWIssue of Equity and Total Voting Rights
1st Apr 20227:00 amGNWTotal voting rights
28th Mar 20224:30 pmGNWTransaction in Own Shares
18th Mar 20227:00 amGNWNet Asset Value(s)
10th Mar 20227:00 amGNWOffer Update
1st Mar 20227:00 amGNWTotal voting rights
25th Feb 20225:00 pmGNWTransaction in Own Shares
11th Feb 20227:00 amGNWNet Asset Value(s)
1st Feb 20227:00 amGNWTotal voting rights
28th Jan 202210:40 amGNWIssue of Equity
10th Jan 202212:45 pmGNWPublication of Prospectus
4th Jan 20221:15 pmGNWTotal voting rights
4th Jan 20227:00 amGNWCompany Secretary Change and Change of Registered Office
20th Dec 20214:45 pmGNWTransaction in Own Shares
14th Dec 20214:30 pmGNWHalf-year report
1st Dec 202112:40 pmGNWTransaction in Own Shares
30th Nov 20212:00 pmGNWStatement regarding intention to fund raise
24th Nov 20214:25 pmGNWHalf-year report

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