Dividend Declaration and changes to Dividend In...

24 JUNE 2013

NORTHERN VENTURE TRUST PLC

SPECIAL DIVIDEND AND CHANGES TO DIVIDEND INVESTMENT SCHEME LIMITS

Special dividend

Northern Venture Trust PLC ("the Company") announces that a special dividend of 9.0p per ordinary share has been declared today which will be paid on 20 September 2013, as a second interim dividend in respect of the financial year ending 30 September 2013, to shareholders on the register at the close of business on 19 July 2013.

As previously announced, a first interim dividend of 3.0p per ordinary share will be paid on 28 June 2013 to shareholders on the register at the close of business on 7 June 2013.  The directors expect that in the absence of unforeseen circumstances a final dividend of 3.0p will in due course be proposed, to be paid following the annual general meeting in December 2013.  This will take the total dividends for the financial year ending 30 September 2013, including the first and second interim dividends, to 15.0p per ordinary share.  It remains the board's objective to declare annual dividends of not less than 6.0p per ordinary share in future years.

Dividend Investment Scheme Limits

The Company announces that the annual aggregate nominal value of Ordinary Shares that may be issued under the Company's Dividend Investment Scheme ("DRIS") will be increased from the current limit of the lower of £600,000 and the sterling equivalent of €1,000,000 to an amount equivalent to 10% of the Company's issued ordinary share capital at the date of the most recent notice convening an annual general meeting of the Company issued prior to 1 December annually.  This new limit will apply first in respect of any dividends to be paid after 1 July 2013.

Further information on the special dividend and on the proposed changes to the annual limit of the DRIS, which does not require shareholder approval, is given in a circular to shareholders which has been posted to shareholders today and is available on the NVM Private Equity Limited website at www.nvm.co.uk/nvtgmc2013.

 

Enquiries:

Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000
Website:  www.nvm.co.uk

Neither the contents of the NVM Private Equity Limited website nor the contents of any website accessible from hyperlinks on the NVM Private Equity Limited website (or any other website) is incorporated into, or forms part of, this announcement.

---

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

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

HUG#1711586