NRI Nthn.Investors

 
TIDMNRI 
 
 
   7 MARCH 2016 
 
   NORTHERN INVESTORS COMPANY PLC 
 
   PORTFOLIO UPDATE AND PROPOSED TENDER OFFER 
 
   Northern Investors Company PLC ("Northern Investors") announces the sale 
of its investment in Control Risks Group Holdings Limited ("Control 
Risks") for GBP7.30 million in cash.  The directors' valuation of the 
investment in Control Risks for the purposes of calculating Northern 
Investors' unaudited net asset value as at 31 December 2015, which was 
announced on 17 February 2016, was GBP7.30 million.  Consequently there 
is no change to the net asset value as a result of the sale. 
 
   On 2 March 2016 Northern Investors announced the sale of its investment 
in Kitwave One Limited ("Kitwave") for initial cash proceeds of GBP8.14 
million. 
 
   As previously announced, the directors intend to make a further 
distribution of funds to shareholders by way of a tender offer. 
Following the successful realisation of the investments in Kitwave and 
Control Risks, the directors now envisage that the amount to be 
distributed will be approximately GBP20 million.  It is expected that a 
circular giving details of the tender offer will be published on 8 March 
2016 and that the ensuing re-purchase and cancellation of shares will be 
completed by 31 March 2016. 
 
   For further information, please contact: 
 
   Northern Investors Company PLC 
 
   Nigel Guy/Christopher Mellor 
0191 244 6000 
 
   Stifel Nicolaus Europe Limited 
 
   Neil Winward/Mark Bloomfield/Gaudi le Roux                  020 7710 
7600 
 
   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 Investors Co PLC via Globenewswire 
 
   HUG#1992423 
 
 
  http://www.nvm.co.uk/investorarea/northern_investors_company_plc.php 
 

(END) Dow Jones Newswires

March 07, 2016 10:30 ET (15:30 GMT)

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