Northern Venture Trust PLC.
Issue of Equity
4 OCTOBER 2013
NORTHERN VENTURE TRUST PLC
ISSUE OF EQUITY AND TOTAL VOTING RIGHTS
Northern Venture Trust PLC ("the Company") announces that on 4 October 2013 it allotted 16,090,036 ordinary shares of 25p 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 ("the Prospectus"). In accordance with the pricing formula set out in the Prospectus, the new ordinary shares were issued at prices between 85.2544 pence per share and 89.3256 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 93,246,312 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 15 October 2013.
As announced on 11 September 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 93,246,312 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 93,246,312 ("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 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