Northern 3 VCT PLC.
Miscellaneous: Novation of management agreement
2 FEBRUARY 2015
NORTHERN 3 VCT PLC
NOVATION OF MANAGEMENT AGREEMENT
Northern 3 VCT PLC ("Northern 3 VCT") announces the novation of its management agreement from NVM PE Limited (formerly NVM Private Equity Limited) to NVM Private Equity LLP ("NVM LLP") with effect from 2 February 2015. NVM LLP is a new management vehicle formed by the key executives of NVM PE Limited. It is authorised by the FCA for the conduct of investment business and will take over the business of NVM PE Limited with effect from 2 February 2015.
NVM LLP will provide identical services to Northern 3 VCT as those previously provided by NVM PE Limited and there is no change in the fees payable by Northern 3 VCT. No consideration is payable to NVM PE Limited for the novation.
For further information, please contact:
Northern 3 VCT PLC
James Ferguson/Christopher Mellor 0191 244 6000
Howard Kennedy Corporate Services LLP
Keith Lassman 020 3755 6000
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.
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