Northern 2 VCT PLC.
14 FEBRUARY 2012
NORTHERN 2 VCT PLC
OFFER FOR SUBSCRIPTION UPDATE
Northern 2 VCT PLC ("the Company") announces that the offer for subscription of new ordinary shares to raise up to £15,000,000 in the 2011/12 and 2012/13 tax years which was launched on 9 November 2011 ("the Offer") is now fully subscribed and no further applications will be accepted. A total of 15,509,777 new ordinary shares have been allotted to date pursuant to the Offer and it is expected that a further 1,419,781 shares will be allotted at a price of 82p per share on 16 February 2012.
£1,164,009 has been subscribed under the Offer for allotment in the 2012/13 tax year and it is expected that the resulting new ordinary shares will be allotted on 10 April 2012.
Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000
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Source: Northern 2 VCT PLC via Thomson Reuters ONE