Top-up share offers by Northern VCTs

Top-up share offers by Northern VCTs .

The Offers of new ordinary shares for subscription in the 2016/17 tax year, launched on 7 February 2017 to raise up to £4.3 million for each of the Northern VCTs, are now fully subscribed and have closed to new applications.

Applications were processed on a first come first served basis as set out in the Offer Document.  NVM will write to successful applicants in the near future to confirm acceptance of their applications, subject to clearance of application cheques on presentation.  Unsuccessful applicants will be notified as soon as possible and will have their application cheques returned.

The allotments of new ordinary shares under the Offers are expected to take place on 3 April 2017.  The number of new ordinary shares to be allocated to each applicant will be determined in accordance with the Pricing Formula contained in the Offer Document.  Dealings in the new ordinary shares issued pursuant to the Offers will become effective by 17 April 2017.

Copies of recent Stock Exchange announcements made by each of the Northern VCTs, which include announcements made in respect of the Offers, can be found at:

Northern Venture Trust PLC – recent Stock Exchange announcements
Northern 2 VCT PLC– recent Stock Exchange announcements
Northern 3 VCT PLC – recent Stock Exchange announcements

For more information about the VCT share offers, please contact Wendy Arkle T 0191 244 6024 or E vct@nvm.co.uk