Northern 2 VCT PLC Issue Of Equity
November 17 2017 - 5:00AM
UK Regulatory
TIDMNTV
17 NOVEMBER 2017
NORTHERN 2 VCT PLC
ISSUE OF EQUITY AND TOTAL VOTING RIGHTS
Northern 2 VCT PLC ("the Company") announces that on 17 November 2017 it
allotted 3,740,883ordinary shares of 5p each in respect of the offer of
new ordinary shares for subscription in the 2017/18 tax year, pursuant
to the prospectus published on 21 September 2017 ("the Prospectus"). In
accordance with the Pricing Formula set out in the Prospectus, the new
ordinary shares were issued at prices between 69.6185 pence per share
and 73.9536pence per share depending on the level of Promoter's Fee and
Adviser Charge (if applicable) pertaining to each application.
Following the above allotment, there are 129,959,452 ordinary shares in
issue. The Company does not hold any ordinary shares in treasury.
Application will be made for the new ordinary shares, which will rank
pari passu with the existing ordinary shares, to be admitted to the
Official List of the UK Listing Authority and to trading on the London
Stock Exchange's main market for listed securities, and dealings are
expected to commence on 21 November 2017.
As announced on 8 November 2017, the offer of new ordinary shares to
raise a total of up to GBP20 million in the 2017/18 tax year as set out
in the Prospectus is now fully subscribed and no further applications
will be accepted.
In conformity with the Financial Conduct Authority's Disclosure Guidance
and Transparency Rules (the "DTRs"), the Company notifies the market
that the capital of the Company consists of 129,959,452 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 129,959,452
("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.
Defined terms in this announcement have the same meaning as in the
Prospectus.
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 Corporate Solutions on behalf
of Nasdaq 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 2 VCT PLC via Globenewswire
http://www.nvm.co.uk/investorarea/northern_2_vct_plc.php
(END) Dow Jones Newswires
November 17, 2017 05:00 ET (10:00 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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