Northern Venture Tst Offer For Subscription Update
09 February 2017 - 6:00PM
UK Regulatory
TIDMNVT
9 FEBRUARY 2017
NORTHERN VENTURE TRUST PLC
OFFER FOR SUBSCRIPTION UPDATE
Northern Venture Trust PLC (the "Company") announces that the Offer of
new ordinary shares for subscription in the 2016/17 tax year, launched
on 7 February 2017 to raise up to GBP4.3 million, is now fully
subscribed and has closed to new applications.
Applications were processed on a first come first served basis as set
out in the Offer Document. The Company 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 allotment of new ordinary shares in the Company under the Offer is
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 Offer will
become effective by 17 April 2017.
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 Venture Trust PLC via Globenewswire
(END) Dow Jones Newswires
February 09, 2017 02:00 ET (07:00 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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