Northern Investors Company PLC.

13 December 2012



On 19 November 2012 Northern Investors Company PLC (the "Company") announced a Tender Offer by Oriel Securities, on behalf of the Company, to purchase up to 19.83% of the Company's issued share capital at a price of 335 pence per Share, equivalent to the unaudited NAV as at 30 September 2012 less an adjustment for the estimated costs of the Tender Offer.  The Company now announces the result of the Tender Offer, which closed on 10 December 2012 and was approved by shareholders at the general meeting held on 12 December 2012.

Valid tenders were received in respect of 10,410,990 Shares (representing approximately 68.8% of the Company's issued ordinary share capital as at the Record Date).  The Tender Offer was therefore oversubscribed. 

In accordance with the terms and conditions of the Tender Offer, the Company has accepted in full all applications made by Eligible Shareholders up to their 19.83% Basic Entitlement.  As certain Eligible Shareholders did not take up their 19.83% Basic Entitlement, the Company has also accepted, in part, those applications made by Eligible Shareholders in excess of their 19.83% Basic Entitlement, scaled back on a pro rata basis, such that approximately 3.4% of such excess tenders were satisfied.

The total number of Shares for which applications were accepted under the Tender Offer was 3,000,000, representing 19.83% of the Company's issued ordinary share capital as at the Record Date, and accordingly on 12 December 2012 the Company purchased for cancellation 3,000,000 Shares at the Tender Price of 335p per Share in accordance with the terms of the Tender Offer.  Immediately following this transaction there were 12,128,440 Shares in issue.

Payment of the Tender Price due to Shareholders whose tenders under the Tender Offer have been accepted is expected to be made (by cheque or by payment through CREST, as appropriate) by 17 December 2012.

Defined terms in this announcement have the same meaning as in the Circular to Shareholders dated 19 November 2012.


Nigel Guy/Christopher Mellor, Northern Investors Company PLC - 0191 244 6000

Joe Winkley/Maha Saeed, Oriel Securities Limited - 0207 710 7600

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.


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Source: Northern Investors Co PLC via Thomson Reuters ONE