Announcements

Northern Investors Company PLC.

8 March 2016

NORTHERN INVESTORS COMPANY PLC

Tender Offer and notice of general meeting

Northern Investors Company PLC (the "Company") announced on 11 November 2015 that the Company intended to return to shareholders not less than £7 million in cash by 31 March 2016.  In announcements on 2 March 2016 and 7 March 2016, the Company updated the minimum amount to be returned to shareholders to £13 million and then £20 million following the successful realisation of the investments in Kitwave One Limited and Control Risks Group Holdings Limited respectively.

The Board is now pleased to confirm that a circular giving details of a proposed tender offer to shareholders ("the Tender Offer") has been published today.  The capital amount to be returned to shareholders through the Tender Offer, subject to full take-up, is approximately £20 million. Pursuant to the Tender Offer, Stifel Nicolaus Europe Limited will purchase up to 64.29% of the issued share capital of the Company at a tender price of 635 pence per share, equivalent to the unaudited net asset value per share as at 29 February 2016, as announced earlier today, less the estimated costs of the Tender Offer.  These shares will then be purchased from Stifel Nicolaus Europe Limited by the Company and cancelled.  The Tender Offer will require shareholder approval, which will be sought at a General Meeting to be held on 31 March 2016 (the "General Meeting").

The Circular, which includes a form of proxy for use at the General Meeting, will be posted to shareholders on 8 March 2016 and a copy is available for inspection at the Company's registered office at Time Central, 32 Gallowgate, Newcastle upon Tyne NE1 4SN and at the offices of King & Wood Mallesons LLP, 10 Queen Street Place, London EC4R 1BE during normal business hours on weekdays (Saturdays, Sundays and public holidays excepted) from the date of this announcement until the commencement of the General Meeting.  The Circular is also available on the NVM Private Equity LLP website at http://www.nvm.co.uk/nicgmcmar2016.

A copy of the circular has been submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM

Expected timetable

Publication of Tender Offer Circular 8 March 2016
Record date for the Tender Offer close of business on 24 March 2016
Latest time for receipt of Forms of Proxy 9.00am on 29 March 2016
Latest time and date for receipt of Tender Offer Application Forms and TTE Instructions in relation to the Tender Offer 11.00am on 29 March 2016
General Meeting 9.00am on 31 March 2016
Announcement of take-up level under the Tender Offer 31 March 2016
Effective date of re-purchase of Shares by the Company pursuant to the Tender Offer 31 March 2016
Settlement date for the Tender Offer: cheques despatched, electronic payments made and assured payments made through CREST 1 April 2016

Unless otherwise defined, capitalised terms used in this announcement have the same meaning as those defined in the circular published by the Company on 8 March 2016.

Enquiries:

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

Stifel Nicolaus Europe Limited
Neil Winward/Mark Bloomfield/Gaudi Le Roux                 020 7710 7600

Website:  www.nvm.co.uk

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.




This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
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

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