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Northern Investors Company reports rise in net asset value
08-02-2013 14:49
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Private equity investment trust Northern Investors Company said unaudited net asset value per ordinary share rose 2.5 per cent to 349.7p at the end of December.
The group returned £22.9m to shareholders by way of tender offers last year, according to an interim statement Friday for the last three months of 2012.
It came after shareholders in 2011 approved a change in strategy to cease making new investments and begin an orderly realisation of its portfolio with a view to returning capital.
The number of ordinary shares in issue at the end of 2012 was 12.1m. The company re-purchased 3.0m ordinary shares on December 31st for cancellation at a price of 335p per share pursuant to a tender offer.
RD
The group returned £22.9m to shareholders by way of tender offers last year, according to an interim statement Friday for the last three months of 2012.
It came after shareholders in 2011 approved a change in strategy to cease making new investments and begin an orderly realisation of its portfolio with a view to returning capital.
The number of ordinary shares in issue at the end of 2012 was 12.1m. The company re-purchased 3.0m ordinary shares on December 31st for cancellation at a price of 335p per share pursuant to a tender offer.
RD
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