Northern Venture Trust PLC.
10 JUNE 2013
NORTHERN VENTURE TRUST PLC
Northern Venture Trust PLC ("Northern Venture Trust") announces the sale of its investment in IG Doors Limited ("IG Doors"), which manufactures steel and GRP composite doors, to the Hörmann Group.
Northern Venture Trust received cash proceeds of £0.81 million for its holding of ordinary shares in IG Doors. The carrying value of the investment in IG Doors in Northern Venture Trust's unaudited half-yearly financial statements for the six months ended 31 March 2013, published on 16 May 2013, was £0.56 million. The uplift in Northern Venture Trust's net assets resulting from the sale is therefore £0.25 million, equivalent to approximately 0.3p 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 Venture Trust PLC via Thomson Reuters ONE