Northern Investors Company PLC.

6 March 2015


Tender Offer

Northern Investors Company PLC (the "Company") announced on 9 February 2015 that the Company intended to make a tender offer (the "Tender Offer") to shareholders with a view to returning not less than £18.5 million in cash by 31 March 2015.  The Company subsequently announced on 27 February 2015 that it expected to publish a circular providing details of the Tender Offer early in March 2015.  Further to the above announcements,the Company announces that a circular to shareholders (the "Circular") containing details of the Tender Offer has been published today.

The Board is pleased to announce that the capital amount to be returned to shareholders through the Tender Offer, subject to full take-up, is approximately £19.1 million.  Pursuant to the Tender Offer, Stifel Nicolaus Europe Limited will purchase up to 43.86% of the issued share capital of the Company at a tender price of 500 pence per share, equivalent to the unaudited net asset value per share as at 28 February 2015, which was announced on 6 March 2015, 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 30 March 2015 (the "General Meeting").

The Circular, which includes a form of proxy for use at the General Meeting, will be posted to shareholders on 6 March 2015 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

A copy of the Circular has been submitted to the National Storage Mechanism and will shortly be available for inspection at

Expected timetable

Publication of Tender Offer Circular 6 March 2015
Record date for the Tender Offer close of business on 18 March 2015
Latest time for receipt of forms of proxy 4.30pm on 26 March 2015
Latest time and date for receipt of Tender Offer application forms and TTE Instructions in relation to Tender Offer 11.00am on 27 March 2015
General Meeting 4.30pm on 30 March 2015
Announcement of take-up level under the Tender Offer 31 March 2015
Effective date of re-purchase of shares by the Company pursuant to the Tender Offer 31 March 2015
Settlement date for the Tender Offer: cheques despatched, electronic payments made and assured payments made through CREST 2 April 2015

For further information, please contact:

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


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