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Northern 2 VCT (NTV.L)

LSE - LSE Delayed price. Currency in GBp
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61.00+0.50 (+0.83%)
At close: 4:13PM BST
Full screen
Previous close60.50
Open58.00
Bid0.00 x 0
Ask0.00 x 0
Day's range58.00 - 61.00
52-week range43.00 - 90.00
Volume41,996
Avg. volume12,860
Market cap98.836M
Beta (5Y monthly)0.35
PE ratio (TTM)8.84
EPS (TTM)6.90
Earnings date05 Jul 2021 - 09 Jul 2021
Forward dividend & yield0.04 (5.79%)
Ex-dividend date07 Jan 2021
1y target estN/A
  • Globe Newswire

    Admission to AIM of musicMagpie plc

    22 APRIL 2021 NORTHERN 2 VCT PLC Admission to AIM of musicMagpie plc The board of Northern 2 VCT PLC (the “Company”) is pleased to announce that its investee company musicMagpie plc (“musicMagpie”), the holding company of Entertainment Magpie Group Limited, was earlier today admitted to trading on AIM, alongside a placing of new and existing shares. The placing price of these shares was £1.93 per share, valuing musicMagpie at a market capitalisation of £208 million. The Company sold 4,147,981 shares as part of the placing and realised cash proceeds of £7.8 million (net of transaction costs). As part of this transaction, the Company will also receive payment for its outstanding loan stock of £1.1 million. Following completion of the placing, the Company now holds 4,147,982 shares in musicMagpie. Based upon the placing price of £1.93 per share, this holding is valued at £8.0 million. The board has supported the management team of musicMagpie through its growth strategy since 2015 and is pleased to retain this equity stake, representing 3.8% of the total outstanding share capital. Taken together with the realised proceeds described above and the total investment income received to date of £0.6 million, a return of 11.6 times has been achieved on the Company’s total original investment amount. The realisation of sale proceeds outlined above, combined with the uplift in the value of the musicMagpie shares held by the Company, represents an uplift in valuation of £6.0 million, compared to the value included in the Company's unaudited Net Asset Value ("NAV") per share at 31 December 2020 (published on 25 February 2021). This is an increase of 3.7 pence per share over the unaudited NAV per share at 31 December 2020 of 66.1 pence. The Company emphasises that this increase in unaudited NAV per share is in isolation from any other changes in the Company's balance sheet, including valuation and other transaction movements in the Company's investment portfolio that may also have affected the NAV per share since 31 December 2020. Enquiries: Simon John/James Bryce, NVM Private Equity LLP - 0191 244 6000Website: www.nvm.co.uk Martin Glanfield, Chief Financial Officer Mercia Asset Management PLC - 0330 223 1430Website: www.mercia.co.uk Neither the contents of the NVM Private Equity LLP or the Mercia Asset Management PLC website, nor the contents of any website accessible from hyperlinks on the NVM Private Equity LLP or Mercia Asset Management PLC website (or any other website), is incorporated into, or forms part of, this announcement.

  • Globe Newswire

    Investee company - intention to float

    8 APRIL 2021 NORTHERN 2 VCT PLC INVESTEE COMPANY - INTENTION TO FLOAT The board of Northern 2 VCT PLC (the “Company”) notes the announcement made today that musicMagpie PLC, the holding company of Entertainment Magpie Group Limited and one of the Company's investee companies, is to seek to have its shares admitted to trading on AIM, RNS Number: 8246U. Assuming the placing and admission takes place, it is expected that the value of the Company’s investment in musicMagpie PLC will increase by comparison with its current carrying value as reflected in the Company’s unaudited net asset value as at 31 December 2020, which was announced on 25 February 2021. The Board intends to make a further announcement that will quantify the impact, after pricing has been finalised and the admission has taken place. Enquiries: Simon John/James Bryce, NVM Private Equity LLP - 0191 244 6000Website: www.nvm.co.uk Martin Glanfield, Chief Financial Officer Mercia Asset Management PLC - 0330 223 1430Website: www.mercia.co.uk Neither the contents of the NVM Private Equity LLP or the Mercia Asset Management PLC website, nor the contents of any website accessible from hyperlinks on the NVM Private Equity LLP or Mercia Asset Management PLC website (or any other website), is incorporated into, or forms part of, this announcement.

  • Globe Newswire

    Total voting rights

    1 APRIL 2021 NORTHERN 2 VCT PLC TOTAL VOTING RIGHTS In conformity with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (the “DTRs”), Northern 2 VCT PLC (the “Company”) notifies the market that the capital of the Company as at 31 March 2021 consists of 162,026,501 ordinary shares with a nominal value of 5p each. All the ordinary shares have voting rights. The Company does not hold any ordinary shares in treasury. The total number of voting rights in the Company is therefore 162,026,501 (“the Figure”). The Figure may be used by a shareholder or other person as the denominator for the calculations by which he will determine if he is required to notify the voting rights he holds in relation to the Company, or a change to those voting rights, under the DTRs. Enquiries: Simon John/James Bryce, NVM Private Equity LLP - 0191 244 6000Website: www.nvm.co.uk Martin Glanfield, Chief Financial Officer Mercia Asset Management PLC - 0330 223 1430Website: www.mercia.co.uk Neither the contents of the NVM Private Equity LLP nor the Mercia Asset Management PLC website, nor the contents of any website accessible from hyperlinks on the NVM Private Equity LLP or Mercia Asset Management PLC website (or any other website), is incorporated into, or forms part of, this announcement.