August 27, 2016 7:41 AM ET

Capital Markets

Company Overview of Northern 2 VCT PLC

Company Overview

Northern 2 VCT PLC is a venture capital trust specializing in direct and fund of funds investments. Within direct, the fund seeks to invest in middle market, later stage, mature, and buyouts. Within fund of funds, it makes private equity fund investments. The fund prefers to invest in unquoted companies in the United Kingdom. It invests in all sectors and manufacturing and service businesses. The fund typically invests between £2 million ($3.1 million) and £10 million ($15.57 million) in companies with enterprise values between £10 million ($15.57 million) and £30 million ($46.77 million). It makes investments in quoted and unquoted shares and securities of companies.

Time Central

32 Gallowgate

Newcastle-Upon-Tyne,  NE1 4SN

United Kingdom

Founded in 1999

Phone:

44 1912 446 000

Fax:

44 1912 446 001

Key Executives for Northern 2 VCT PLC

Compensation as of Fiscal Year 2016.

Northern 2 VCT PLC Key Developments

Northern 2 VCT PLC Approves the Final Dividend the Year Ended March 31, 2016

Northern 2 VCT PLC approved the final dividend of 3.5 pence per share in respect of the year ended March 31, 2016.

Northern 2 VCT PLC Proposes Final Dividend and Special Dividend for the Year Ended March 31, 2016, Payable on July 22, 2016; Announces Audited Earnings Results for the Year Ended March 31, 2016

Northern 2 VCT PLC announced that in the year to 31 March 2015 an exceptional level of investment realizations was achieved and the directors were able to declare an additional special dividend of 10.0 pence per share, taking the total for that year to 15.5 pence. In respect of the year ended 31 March 2016, an interim dividend of 2.0 pence per share was paid in January 2016 and a final dividend of 3.5 pence is proposed by the directors. In addition, continuing strong cash flow from the portfolio enables the company to declare a special dividend of 5.0 pence, making a total of 10.5 pence for the year. The special dividend will be designated as a second interim dividend for the year ended 31 March 2016, and will be paid on 22 July 2016 to shareholders on the register on 24 June 2016. The proposed final dividend will also, subject to approval by shareholders at the annual general meeting to be held on 14 July 2016, be paid on 22 July 2016, so that the total dividend payment on 22 July 2016 will be 8.5 pence per share. The company announced audited earnings results for the year ended March 31, 2016. For the year, the company reported gain on disposal of investments of $2,214,000 against $4,401,000 a year ago. Income was $2,334,000 against $2,776,000 a year ago. Return on ordinary activities before tax was $7,356,000 against $3,121,000 a year ago. Return on ordinary activities after tax was $7,356,000 against $3,121,000 a year ago. Return per share was 8.0 pence against 3.4 pence a year ago. Net asset value per share was 77.9 pence as on March 31, 2016, against 85.4 pence as on March 31, 2015. Net cash inflow from operating activities was $392,000 against $50,000 a year ago.

Northern 2 VCT PLC, Annual General Meeting, Jul 14, 2016

Northern 2 VCT PLC, Annual General Meeting, Jul 14, 2016. Agenda: To consider the proposed final dividend and special dividend for the year ended March 31, 2016, will be paid on 22 July 2016.

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