Northern 3 VCT PLC.
Issue of Equity
17 NOVEMBER 2017
NORTHERN 3 VCT PLC
ISSUE OF EQUITY AND TOTAL VOTING RIGHTS
Northern 3 VCT PLC ("the Company") announces that on 17 November 2017 it allotted 3,891,817ordinary 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 99.7457 pence per share and 105.9547pence 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 90,004,188 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 15 November 2017, the offer of new ordinary shares to raise a total of up to £20 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 90,004,188 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 90,004,188 ("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.
Alastair Conn/Christopher Mellor, NVM Private Equity LLP - 0191 244 6000
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Source: Northern 3 VCT PLC via Globenewswire