Northern Venture Trust PLC.
Miscellaneous: offer for subscription update
11 SEPTEMBER 2013
NORTHERN VENTURE TRUST PLC
OFFER FOR SUBSCRIPTION UPDATE
Further to the announcement made by Northern Venture Trust PLC ("NVT") on 1 August 2013 in conjunction with Northern 2 VCT PLC ("N2VCT") and Northern 3 VCT PLC ("N3VCT") in respect of the offers of new ordinary shares for subscription in the 2013/14 and 2014/15 tax years, NVT announces that its offer of new ordinary shares to raise a total of up to £15 million is now fully subscribed and no further applications will be accepted. It is intended that new ordinary shares will be allotted on 4 October 2013 in respect of the 2013/14 tax year and on 7 April 2014 in respect of the 2014/15 tax year. Admission of the new ordinary shares allotted on 4 October 2013 is expected to become effective, and dealings in these shares will commence, by 15 October 2013. Admission of the new ordinary shares allotted on 7 April 2014 is expected to become effective, and dealings in these shares will commence, by 15 April 2014.
The offers by N2VCT to raise a total of up to £15 million and by N3VCT to raise a total of up to £20 million remain open until 4 April 2014 in respect of the 2013/14 tax year and until 30 April 2014 in respect of the 2014/15 tax year, unless fully subscribed at an earlier date and subject to the directors' right to close the offers at any time, unless previously extended.
Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191 244 6000
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Northern Venture Trust PLC via Thomson Reuters ONE