Northern 2 VCT PLC Issue Of Equity
April 14 2020 - 8:00AM
UK Regulatory
TIDMNTV
14 APRIL 2020
NORTHERN 2 VCT PLC
ISSUE OF EQUITY AND TOTAL VOTING RIGHTS
This announcement replaces the announcement made on 3 April 2020 at
12:30 for the allotment of shares. The total amount of shares allotted
on 3 April 2020 was 24,444,699 and not 24,598,195.
Northern 2 VCT PLC ("the Company") announces that on 3 April 2020 it
allotted 24,444,699 ordinary shares of 5p each in respect of the offer
of new ordinary shares for subscription in the 2019/20 tax year,
pursuant to the Prospectus published on 10 January 2020 ("the
Prospectus") and the Supplementary Prospectus published on 31 March
2020. In accordance with the Pricing Formula set out in the Prospectus,
the new ordinary shares were issued at prices between 50.81 pence per
share and 53.48 pence per share depending on the level of Promoter's Fee
and Adviser Charge (if applicable) pertaining to each application. The
aggregate of the subscription amounts paid to the Company pursuant to
the Offer is GBP12,515,159.34.
Following the above allotment, there are 163,331,496 ordinary shares in
issue. The Company does not hold any ordinary shares in treasury.
Application will be made for the new ordinary shares, which will rank
pari passu with the existing ordinary shares, to be admitted to the
Official List of the UK Listing Authority and to trading on the London
Stock Exchange's main market for listed securities, and dealings are
expected to commence on 15 April 2020.
In conformity with the Financial Conduct Authority's Disclosure Guidance
and Transparency Rules (the "DTRs"), the Company notifies the market
that the capital of the Company consists of 163,331,496 ordinary shares
with a nominal value of 5p each. All the ordinary shares have voting
rights. The Company does not hold any ordinary shares in treasury. The
total number of voting rights in the Company is therefore 163,331,496
("the Figure"). The Figure may be used by a shareholder or other person
as the denominator for the calculations by which he will determine if he
is required to notify the voting rights he holds in relation to the
Company, or a change to those voting rights, under the DTRs.
Defined terms in this announcement have the same meaning as in the
Prospectus.
Enquiries:
Simon John/James Bryce, NVM Private Equity LLP -- 0191 244 6000
Website:
https://www.globenewswire.com/Tracker?data=t4cDpqoIhDcNakjnQKeNtBxT_3rQMx1hQ_RiUMwxPH_gci-eop556xlTE48msgbiyg_16gC_ti2tVzFuGtpAqw==
www.nvm.co.uk
Martin Glanfield, Chief Financial Officer, Mercia Asset Management PLC
-- 0330 223 1430
Website:
https://www.globenewswire.com/Tracker?data=t4cDpqoIhDcNakjnQKeNtB2GB0SkPTEKuYTLXCtz83D3nXP1fgQuVeCvem-lBWkwXVqti7EwpqP2gnJMAy2KAQ==
www.mercia.co.uk
Neither the contents of the NVM Private Equity LLP or the Mercia Asset
Management PLC website, nor the contents of any website accessible from
hyperlinks on the NVM Private Equity LLP or Mercia Asset Management PLC
website (or any other website), are incorporated into, or forms part of,
this announcement.
(END) Dow Jones Newswires
April 14, 2020 09:00 ET (13:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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