Northern 2 VCT PLC.
10 JUNE 2013
NORTHERN 2 VCT PLC
Northern 2 VCT PLC ("Northern 2 VCT") announces the sale of its investment in IG Doors Limited ("IG Doors"), which manufactures steel and GRP composite doors, to the Hörmann Group.
Northern 2 VCT received cash proceeds of £1.62 million for its holding of ordinary shares in IG Doors. The carrying value of the investment in IG Doors in Northern 2 VCT's audited financial statements for the year ended 31 March 2013, published on 30 May 2013, was £1.27 million. The uplift in Northern 2 VCT's net assets resulting from the sale is therefore £0.35 million, equivalent to approximately 0.5p per ordinary share.
For further information, please contact:
NVM Private Equity Limited
Alastair Conn/Christopher Mellor 0191 244 6000
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 2 VCT PLC via Thomson Reuters ONE