Northern 3 VCT PLC.
14 JANUARY 2014
NORTHERN 3 VCT PLC
Further to the announcement made on 17 December 2013, Northern 3 VCT PLC ("Northern 3 VCT") confirms that the sale of its investment in Denara Holdings Limited ("Denara") to Nasstar plc ("Nasstar") was duly completed on 10 January 2014.
Northern 3 VCT has received total consideration of £0.80 million for its holding of ordinary shares in Denara, comprising £0.60 million in cash and 4,028,262 new ordinary shares of 1p in Nasstar with a value (at the deemed issue price of 5p per share) of £0.20 million.
For further information, please contact:
NVM Private Equity Limited
Alastair Conn/Christopher Mellor 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 issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Northern 3 VCT PLC via Globenewswire