Northern 2 VCT PLC.
Northern 2 VCT PLC : Tender Offer
9 NOVEMBER 2011
NORTHERN 2 VCT PLC
TENDER OFFER TO PURCHASE UP TO 10% OF THE ISSUED SHARE CAPITAL
Further to the announcement made on 23 September 2011, Northern 2 VCT PLC ("the Company") announces that a circular (the "Circular") has today been published and will be posted to shareholders on 15 November 2011 setting out details of a tender offer (the "Tender Offer") to purchase in aggregate 10% of the Company's issued share capital at a price of 74.2p per share, representing a discount of 3% to the unaudited net asset value as at 30 September 2011 (after deduction of the interim dividend of 2.0 pence per share declared in respect of the year ending 31 March 2012).
The Tender Offer opened on 9 November 2011 and will close at 11.00am on 6 January 2012 and cash arising on the sale of shares in the Tender Offer will be paid to shareholders by 13 January 2012. Shares purchased by the Company pursuant to the Tender Offer will be cancelled.
A copy of the Circular has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.Hemscott.com/nsm.doc. A copy of the Circular is also available on the NVM Private Equity website at www.nvm.co.uk/n2vcttenderc2011.
Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000
Neither the contents of the NVM Private Equity Limited website 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.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Northern 2 VCT PLC via Thomson Reuters ONE