Northern 2 VCT PLC Publication Of Prospectus
September 22 2017 - 3:30AM
UK Regulatory
TIDMNTV
22 SEPTEMBER 2017
NORTHERN 2 VCT PLC
OFFER FOR SUBSCRIPTION
Northern 2 VCT PLC ("the Company") announces that in conjunction with
Northern Venture Trust PLC and Northern 3 VCT PLC (together with the
Company known as "the Northern VCTs"), it has published a Prospectus in
relation to offers of new ordinary shares for subscription in the
2017/18 tax year ("the Offers"). The Offers seek to raise a total of
GBP20 million in each of the Northern VCTs.
Applications for the new shares will be considered on a first come first
served basis. However, applications from shareholders on the Company's
register of members as at the close of business on 25 July 2017 will
have priority until 13 October 2017. Further details of the shareholder
priority arrangements are set out in the Prospectus. Investors will be
permitted to make applications for shares in any or all of the Northern
VCTs. The Offers will remain open until 5 April 2018, unless fully
subscribed at an earlier date and subject to the directors' right to
close the Offers at any time.
An information memorandum describing the key features of the Offers and
an application form will be posted to registered shareholders as soon as
possible and are also available from www.nvm.co.uk.
A downloadable version of the Prospectus is available from
www.nvm.co.uk.
A copy of the Prospectus is available, free of charge, from the
Company's registered office at Time Central, 32 Gallowgate, Newcastle
upon Tyne, NE1 4SN or by calling NVM Private Equity LLP on 0191 244
6000.
In accordance with the Listing Rules, the Prospectus has been submitted
to the National Storage Mechanism and will shortly be available for
inspection at www.morningstar.co.uk/uk/NSM.
CHANGE TO THE COMPANY'S INVESTMENT POLICY
On 18 September 2017 the Company made a non-material change to its
investment policy to incorporate the following statement regarding the
Company's co-investment scheme: "The Company operates a co-investment
scheme under which the Manager's investment executives are required to
co-invest with them in all new VCT-qualifying investments". The revised
investment policy incorporating this non-material change has been
published in full in the Prospectus, as has a summary of the terms of
the co-investment scheme.
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
September 22, 2017 04:30 ET (08:30 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
Northern 2 Vct (LSE:NTV)
Historical Stock Chart
From Apr 2024 to May 2024
Northern 2 Vct (LSE:NTV)
Historical Stock Chart
From May 2023 to May 2024