Northern Investors Company PLC.

4 MARCH 2014



On 6 February 2014 Northern Investors Company PLC (the "Company") announced a Tender Offer by Oriel Securities, on behalf of the Company, to purchase up to 28.03% of the Company's issued share capital at a price of 415 pence per Share, equivalent to the unaudited net asset value per Share as at 31 December 2013 less an adjustment for the estimated costs of the Tender Offer.  The Company now announces the result of the Tender Offer, which closed on 28 February 2014, the requisite authority for the purchase of Shares by the Company having been granted by shareholders at the general meeting held on 3 March 2014.

Valid tenders were received in respect of 7,310,556 Shares (representing approximately 60.3% of the Company's issued ordinary share capital as at the Record Date, 11 February 2014).  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 28.03% Basic Entitlement.  As certain Eligible Shareholders did not take up their 28.03% Basic Entitlement, the Company has also accepted, in part, those applications made by Eligible Shareholders in excess of their 28.03% Basic Entitlement, scaled back on a pro rata basis, such that approximately 10.4% of such excess tenders were satisfied.

The total number of Shares for which applications were accepted under the Tender Offer was 3,400,000, representing 28.03% of the Company's issued ordinary share capital as at the Record Date, and accordingly on 4 March 2014 the Company purchased for cancellation 3,400,000 Shares at the Tender Price of 415p per Share in accordance with the terms of the Tender Offer.  Immediately following this transaction there were 8,728,440 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 7 March 2014.

Defined terms in this announcement have the same meaning as in the Circular to Shareholders dated 6 February 2014.


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

Neil Winward/Gaudi Le Roux, 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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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Northern Investors Co PLC via Globenewswire