Northern 2 VCT PLC Announces Share Allotment
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Northern 2 VCT PLC Announces Share Allotment
Northern 2 VCT PLC (“the Company”) has recently disclosed that it allotted 662,290 ordinary shares of 5p each to shareholders who agreed to subscribe for shares under the terms of the Company’s Dividend Investment Scheme. The subscription price was set at 55.7p per share. As a result of this allotment, there are now 223,773,864 ordinary shares in issue.
Application for Admission to Trading
There will be an application made at the earliest practicable opportunity for the new ordinary shares to be admitted to the Official List of the Financial Conduct Authority (“the FCA”). These shares will also be available for trading on the London Stock Exchange’s market for listed securities. Dealings are anticipated to commence shortly thereafter, expected around the end of this month.
Impact on Total Voting Rights
In accordance with the FCA’s Disclosure Guidance and Transparency Rules (the “DTRs”), the Company is notifying the market that its capital is composed of 223,773,864 ordinary shares, each with a nominal value of 5p. All ordinary shares provide voting rights. Importantly, the Company does not hold any ordinary shares in treasury.
Understanding Voting Rights
The total number of voting rights in the Company is therefore established at 223,773,864 (“the Figure”). This Figure serves as a key reference for shareholders or other relevant persons when determining if they are required to notify the voting rights they hold in relation to the Company or any changes to those voting rights, as mandated by the DTRs.
Enquiries and Contact Information
For any inquiries, individuals can reach out to Sarah Williams or James Sly at Mercia Fund Management Limited by calling 0330 223 1430. They will be more than willing to provide further information regarding this announcement.
Frequently Asked Questions
What is the recent announcement by Northern 2 VCT PLC?
Northern 2 VCT PLC announced the allotment of 662,290 ordinary shares to shareholders under its Dividend Investment Scheme.
What is the subscription price for the new shares?
The subscription price for the newly allotted shares was 55.7p each.
How many ordinary shares are currently in issue?
After the recent allotment, there are a total of 223,773,864 ordinary shares in issue.
When will the new shares be available for trading?
The new ordinary shares are expected to commence trading on the London Stock Exchange around the end of this month.
What should shareholders know about voting rights?
The total voting rights in the Company are currently 223,773,864, and this number is essential for shareholders when determining their notification obligations under the DTRs.
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