5 FEBRUARY 2010
NORTHERN INVESTORS COMPANY PLC
INTERIM MANAGEMENT STATEMENT
FOR THE QUARTER ENDED 31 DECEMBER 2009
Northern Investors Company PLC presents its interim management statement for the
quarter ended 31 December 2009. This constitutes the company's second interim
management statement for the financial year ending 31 March 2010, as required by
the UK Listing Authority's Disclosure and Transparency Rule 4.3. This statement
has been prepared solely to provide additional information in order to meet the
requirements of the Disclosure and Transparency Rules and should not be relied
on by shareholders, or any other party, for any other purpose.
The unaudited net asset value per ordinary share as at 31 December 2009 was
258.0p (30 September 2009 259.6p). The net asset value is stated before
deducting the interim dividend of 2.2p per share in respect of the year ending
31 March 2010, which was paid on 8 January 2010.
The number of ordinary shares in issue at 31 December 2009 was 19,395,440 (30
September 2009 19,395,440). No shares were allotted or re-purchased during the
quarter.
For the purposes of calculating the net asset value per share, quoted
investments are carried at bid price as at 31 December 2009 and unquoted
investments are carried at fair value as at 31 December 2009 as determined by
the directors.
Net assets at 31 December 2009 comprised the following:
% of
£000 net assets
Unquoted investments at fair value
as determined by the directors 26,245 52.5
Quoted investments at bid price 310 0.6
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Total fixed asset investments 26,555 53.1
Net current assets 23,480 46.9
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Net assets 50,035 100.0
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During the three months ended 31 December 2009 the following significant
investment transactions took place:
New investments:
None.
Disposals:
Carrying
value at
Sales Original 30 September
Name of company proceeds cost 2009
£000 £000 £000
Abermed (trade sale) 1,441 800 1,432
The directors are not aware of any other events or transactions which have taken
place between 30 September 2009 and the date of publication of this statement
and which have had a material effect on the financial position of the company.
Enquiries:
Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000
Website: www.nvm.co.uk <
http://www.nvm.co.uk/>
[HUG#1381101]