Northern 2 VCT PLC.
Issue of Equity
29 NOVEMBER 2013
NORTHERN 2 VCT PLC
ISSUE OF EQUITY AND TOTAL VOTING RIGHTS
Northern 2 VCT PLC ("the Company") announces that on 29 November 2013 it allotted 3,298,730 ordinary shares of 5p each in respect of the offer of new ordinary shares for subscription in the 2013/14 tax year pursuant to the Prospectus published on 31 July 2013. In accordance with the pricing formula set out in the Prospectus, the new ordinary shares were issued at prices between 86.83697 pence per share and 90.06305 pence 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 90,959,332 ordinary shares in issue.
Application will be made at the earliest practicable opportunity for the new ordinary shares, which will rank pari passu with 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 9 December 2013.
As announced on 30 October 2013, the offer of new ordinary shares to raise a total of up to £15 million in the 2013/14 and 2014/15 tax years as set out in the Prospectus is now fully subscribed and no further applications will be accepted. It is intended that new ordinary shares will be allotted on 7 April 2014 in respect of applications for the 2014/15 tax year. Admission of the new ordinary shares to be allotted on 7 April 2014 to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities is expected to commence by 15 April 2014.
In conformity with the Transparency Directive, the Company notifies the market that the capital of the Company consists of 90,959,332 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 90,959,332 ("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 FCA's Disclosure Rules and Transparency Rules.
Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000
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.
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