Northern VCTs to launch joint share offers to raise up to £60 million.
The three Northern VCTs (Northern Venture Trust PLC, Northern 2 VCT PLC and Northern 3 VCT PLC) have announced their intention to launch a new joint prospectus offer, opening in September 2017, to raise an aggregate of up to £60 million (£20 million per fund) in the 2017/18 tax year.
It is envisaged that the Offer will seek to raise up to £20 million for each of the Northern VCTs, ie a total fund-raising of up to £60 million. Further details of the Offer will be contained in the prospectus which is expected to be published in September 2017.
Copies of the Stock Exchange announcements made by each of the Northern VCTs on 26 July 2017 in respect of the share offers can be found at: