NTV Northern 2 Vct Plc

 
TIDMNTV 
 
 
   8 NOVEMBER 2017 
 
   NORTHERN 2 VCT PLC 
 
   OFFER FOR SUBSCRIPTION UPDATE 
 
   Further to the announcement made by Northern 2 VCT PLC ("N2VCT") on 22 
September 2017 in conjunction with Northern Venture Trust PLC ("NVT") 
and Northern 3 VCT PLC ("N3VCT") in respect of the offers of new 
ordinary shares for subscription in the 2017/18 tax year pursuant to the 
prospectus published on 21 September 2017 ("the Prospectus"), N2VCT 
announces that its offer of new ordinary shares to raise a total of up 
to GBP20 million is now fully subscribed and no further applications 
will be accepted.  N2VCT allotted 24,818,214 new ordinary shares 
pursuant to the Prospectus on 3 November 2017 and it is expected that 
the final allotment of new ordinary shares by N2VCT pursuant to the 
Prospectus will be completed no later than 17 November 2017.  It is 
expected that admission of the new ordinary shares to the Official List 
of the UK Listing Authority will become effective and that dealings in 
the new ordinary shares on the London Stock Exchange's main market for 
listed securities will commence three business days after the relevant 
date of allotment. 
 
   The offers by NVT and N2VCT pursuant to the Prospectus are now fully 
subscribed having each raised a total of GBP20 million.  The offer by 
N3VCT to raise a total of up to GBP20 million in the 2017/18 tax year 
remains open for subscription and will close when fully subscribed, but 
in any case no later than 5 April 2018. 
 
   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

November 08, 2017 10:15 ET (15:15 GMT)

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