REG-Net Asset Value(s) <Origin Href="QuoteRef">NTN.L</Origin>

Northern 3 VCTAnnouncement

17/02/2016 12:00

17 FEBRUARY 2016 
 
 NORTHERN 3 VCT PLC 
 
 UNAUDITED NET ASSET VALUE AS AT 31 DECEMBER 2015 
 
 Northern 3 VCT PLC ("the Company") is a Venture Capital Trust ("VCT")
launched in 2001 and managed by NVM Private Equity LLP.  The Company's
objective is to provide high long-term tax-free returns to investors through a
combination of dividend yield and capital growth, by investing in a portfolio
of investments mainly comprising unquoted venture capital holdings.  In order
to maintain approval by HM Revenue & Customs as a VCT, the Company is required
to comply on a continuing basis with the provisions of Section 274 of the
Income Tax Act 2007. 
 
 The unaudited net asset value per ordinary share as at 31 December 2015 was
102.7 pence (30 September 2015 100.7 pence).  The net asset value is stated
before deducting the interim dividend of 2.0 pence per share in respect of the
year ending 31 March 2016, which was paid to eligible shareholders on 29
January 2016. 
 
 For the purposes of calculating the net asset value per share, quoted
investments are carried at bid price as at 31 December 2015 and unquoted
investments are carried at fair value as at 31 December 2015 as determined by
the directors. 
 
 During the three months ended 31 December 2015 no significant new investments
were acquired and the following disposal took place: 
 
                                                        Carrying       
                                                        value at       
                               Sales          Original    30 September   
  Name of company            proceeds      Cost       2015        
                               £000          £000       £000          
  Jelf Group plc                604            179         590            
 The number of ordinary shares in issue at 31 December 2015 was 65,833,399. 
During the three months ended 31 December 2015 no new shares were issued by
the company and no shares were re-purchased for cancellation. 
 
 Enquiries: 
 Alastair Conn/Christopher Mellor, NVM Private Equity LLP - 0191 244 6000 
 
 Website:  www.nvm.co.uk 
 
 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 3 VCT PLC via Globenewswire 
 HUG#1986796