Northern 2 VCT PLC Miscellaneous - Launch Of Linked Top-up Offers
12 January 2017 - 2:00AM
UK Regulatory
TIDMNTV
11 JANUARY 2017
NORTHERN 2 VCT PLC
LAUNCH OF LINKED TOP-UP OFFERS
Northern 2 VCT PLC announces that it intends to launch a top-up offer of
new ordinary shares for subscription in the 2016/17 tax year, in
conjunction with similar offers by Northern Venture Trust PLC and
Northern 3 VCT PLC (together "the Offers"). It is envisaged that the
Offers will seek to raise a total of up to approximately GBP4.2 million
(equivalent to EUR5 million at current exchange rates) for each VCT, a
total fund-raising of GBP12.6 million.
It is expected that the Offers will open on or around 7 February 2017
and will close at 5.00pm on 31 March 2017, or earlier if
fully-subscribed. A letter has today been sent to registered
shareholders in each of the Northern VCTs informing them that the Offers
are to be launched, and full details of the Offers will be contained in
an offer document which is expected to be published on or around 7
February 2017.
Priority will be given to applications from shareholders who are on the
registers of any of the three Northern VCTs at the close of business on
Wednesday 11 January 2017. Priority for existing shareholders will
expire at the close of business on Friday 17 February 2017, when the
Offers (if not then fully subscribed) will be made available to the
general public. Investors will have the option to invest in any or all
of the Northern VCTs. Shares will be allocated on a
first-come-first-served basis in respect of valid applications, with a
minimum subscription of GBP6,000 in total and GBP2,000 per VCT.
Enquiries:
Alastair Conn/Christopher Mellor, NVM Private Equity LLP - 0191 244 6000
Website: www.nvm.co.uk
Neither the contents of the NVM Private Equity LLP website nor the
contents of any website accessible from hyperlinks on the NVM Private
Equity LLP website (or any other website) is incorporated into, or forms
part of, this announcement.
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Northern 2 VCT PLC via Globenewswire
http://www.nvm.co.uk/investorarea/northern_2_vct_plc.php
(END) Dow Jones Newswires
January 11, 2017 10:00 ET (15:00 GMT)
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