Northern Venture Trust Regulatory News (NVT)

14 Feb 2008 11:44

Northern Venture Trust PLC14 February 2008 14 FEBRUARY 2008 NORTHERN VENTURE TRUST PLC INTERIM MANAGEMENT STATEMENT FOR THE QUARTER ENDED 31 DECEMBER 2007 Northern Venture Trust PLC presents its interim management statement for thequarter ended 31 December 2007. This constitutes the company's first interimmanagement statement for the financial year ending 30 September 2008, asrequired by the UK Listing Authority's Disclosure and Transparency Rule 4.3.This statement has been prepared solely to provide additional information inorder to meet the requirements of the Disclosure and Transparency Rules andshould not be relied on by shareholders, or any other party, for any otherpurpose. The unaudited net asset values per ordinary share and C share, and the number ofshares in issue, as at 31 December 2007 were as follows: Net asset value Number of shares per share in issueOrdinary shares of 25p 81.1p 38,744,714C shares of 75p 93.6p 20,629,048 The net asset value per ordinary share is stated after deducting the finalordinary share dividend of 6.0p per share for the year ended 30 September 2007,which was approved by shareholders at the annual general meeting on 13 December2007 and paid on 14 December 2007. The net asset value per C share is statedafter deducting the final C share dividend of 1.0p per share for the year ended30 September 2007, which was approved by shareholders at the annual generalmeeting on 13 December 2007 and paid on 14 December 2007. On 14 December 2007 358,809 new ordinary shares were allotted at a price of81.6p per share in connection with the company's dividend investment scheme. Noordinary or C shares were purchased for cancellation during the quarter. Quoted investments are carried at bid price as at 31 December 2007. Unquotedinvestments are carried at fair value as determined by the directors as at 31December 2007. During the three months ended 31 December 2007 the following significantinvestment transactions took place (all companies unquoted except whereotherwise indicated): New investments: None. Disposals (all from ordinary share pool): Carrying value at Sales Original 30 SeptemberName of company proceeds cost 2007 £000 £000 £000Revenue Assurance Services (AIM) 559 332 533KCS Global Holdings 1,519 572 1,519Barony Universal Products 1,443 157 1,287 Revenue Assurance Services was acquired by Spice PLC in October 2007 following arecommended bid. KCS Global Holdings, which provides HR and payroll softwareand outsourcing services, was sold to The Sage Group plc for cash in October2007. Barony Universal Products, which manufactures aerosol products, was soldto Questbridge Limited for cash in November 2007. The directors are not aware of any events or transactions which have taken placebetween 31 December 2007 and the date of publication of this statement and whichhave had a material effect on the financial position of the company. Enquiries: Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000Website: www.nvm.co.uk This information is provided by RNS The company news service from the London Stock Exchange