Northern Venture Tst Issue Of Equity
April 03 2017 - 5:30AM
UK Regulatory
TIDMNVT
3 APRIL 2017
NORTHERN VENTURE TRUST PLC
ISSUE OF EQUITY AND TOTAL VOTING RIGHTS
Northern Venture Trust PLC ("the Company") announces that on 3 April
2017 it allotted 5,409,557 ordinary shares of 25p each in respect of the
Offer of new ordinary shares for subscription in the 2016/17 tax year,
pursuant to the Offer Document published on 6 February 2017. In
accordance with the Pricing Formula set out in the Offer Document, the
new ordinary shares were issued at prices between 79.18588 pence per
share and 81.89614 pence per share depending on the level of Manager's
Fee and Adviser Charge (if applicable) pertaining to each application.
Following the above allotment, there are 102,619,252 ordinary shares in
issue.
Application will be made at the earliest practicable opportunity 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 market for
listed securities, and dealings are expected to commence by 10 April
2017.
As announced on 9 February 2017, the offer of new ordinary shares to
raise a total of up to GBP4.3 million in the 2016/17 year as set out in
the offer document is now fully subscribed and no further applications
will be accepted.
In conformity with the Transparency Directive, the Company notifies the
market that the capital of the Company consists of 102,619,252 ordinary
shares with a nominal value of 25p 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
102,619,252 ("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
Financial Conduct Authority's Disclosure Rules and Transparency Rules.
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 Venture Trust PLC via Globenewswire
(END) Dow Jones Newswires
April 03, 2017 05:30 ET (09:30 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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