Announcements

Northern Investors Company PLC.


RNS Number:3022B
Northern Investors Co PLC
01 August 2007


1 AUGUST 2007

NORTHERN INVESTORS COMPANY PLC

INTERIM MANAGEMENT STATEMENT

FOR THE QUARTER ENDED 30 JUNE 2007


Northern Investors Company PLC presents its interim management statement for the
quarter ended 30 June 2007. This constitutes the company's first interim
management statement for the financial year ending 31 March 2008, as required by
the UK Listing Authority's Disclosure and Transparency Rule 4.3.

The unaudited net asset value per ordinary share as at 30 June 2007 was 281.2p
(31 March 2007 279.1p). The net asset value is stated after deducting the final
dividend of 4.7p per share in respect of the year ended 31 March 2007, which was
approved by shareholders at the annual general meeting on 27 June 2007 and was
paid on 6 July 2007.

The number of ordinary shares in issue at 30 June 2007 was 19,640,940. During
the three months ended 30 June 2007 no shares were issued and 80,000 shares were
re-purchased by the company for cancellation at a price of 216p per share.

Net assets at 30 June 2007 comprised the following:
% of
#000 net assets
Unquoted investments at fair value
as determined by the directors 45,032 81.6
Quoted investments at bid price 949 1.7
------------ -----------
Total fixed asset investments 45,981 83.3
Net current assets 9,248 16.7
------------ -----------
Net assets 55,229 100.0
------------ -----------

The ten largest investments by valuation at 30 June 2007 were as follows:
% of
#000 net assets
John Laing Partnership 4,309 7.8
Product Support (Holdings) 3,703 6.7
CGI Group 2,604 4.7
Promanex Group Holdings 1,974 3.6
IG Doors 1,830 3.3
Envirotec 1,795 3.3
DMN 1,718 3.1
Weldex (International) Offshore 1,566 2.8
Crantock Bakery 1,560 2.8
Longhirst Venues 1,528 2.8
------------ -----------
Top ten investments 22,587 40.9
Other investments 23,394 42.4
------------ -----------
Total venture capital investments 45,981 83.3
------------ -----------


Quoted investments are carried at bid price as at 30 June 2007. Unquoted
investments are carried at fair value as at 30 June 2007 as determined by the
directors.


During the three months ended 30 June 2007 the following significant investment
disposals took place (all companies unquoted except where otherwise indicated):


Carrying
Sales Original value at
Name of company proceeds cost 31 March 2007
#000 #000 #000
Computer Software Group (AIM) 1,020 203 986
Remsdaq 252 216 252
RBF Industries 315 600 300


No new investments were acquired during the quarter. Since 30 June 2007 the
following new investments have been completed:


Amount
Name of company Business activity invested
#000
Foreman Roberts Group Building services consultants 3,914
Astbury Marsden Holdings Specialist recruitment services 2,590


Enquiries:

Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000

Website: www.nvm.co.uk


This information is provided by RNS
The company news service from the London Stock Exchange
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