Northern Investors Company PLC.
10 JUNE 2013
NORTHERN INVESTORS COMPANY PLC
Northern Investors Company PLC ("Northern Investors") announces the sale of its investment in IG Doors Limited ("IG Doors"), which manufactures steel and GRP composite doors, to the Hörmann Group.
Northern Investors received cash proceeds of £1.91 million for its holding of ordinary shares in IG Doors. The carrying value of the investment in IG Doors in Northern Investors' audited financial statements for the year ended 31 March 2013, published on 13 May 2013, was £1.51 million. The uplift in Northern Investors' net assets resulting from the sale is therefore £0.40 million, equivalent to approximately 3.3p per ordinary share. The disposal is consistent with the orderly portfolio realisation strategy being pursued by the board.
For further information, please contact:
Northern Investors Company PLC
Nigel Guy/Christopher Mellor 0191 244 6000
Neil Winward 020 7710 7600
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 Investors Co PLC via Thomson Reuters ONE