Northern 3 VCT PLC.
1 March 2010
NORTHERN 3 VCT PLC ("the Company")
RESULT OF ENHANCED BUYBACK OFFER AND PURCHASE OF OWN SHARES
The Company announces that applications were received from Eligible Shareholders
by the closing date in respect of a total of 2,858,255 ordinary shares of 5p
each (representing approximately 9.90 per cent of the Company's issued ordinary
share capital) under the Enhanced Buyback Offer set out in the Circular to
shareholders dated 27 January 2010.
The Company has accepted all such applications in full, including those made by
Eligible Shareholders in excess of their 10% guaranteed entitlement.
Accordingly, on 1 March 2010 the Company purchased for cancellation 2,858,255
ordinary shares at a price of 88.1p, representing approximately 9.90 per cent of
the Company's issued ordinary share capital, in accordance with the terms of the
Enhanced Buyback Offer. Immediately following this transaction there were
26,099,699 ordinary shares in issue.
Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000
Website: www.nvm.co.uk <http://www.nvm.co.uk/>
(END) Dow Jones Newswires
March 01, 2010 12:34 ET (17:34 GMT)