Northern 3 VCT Expands Share Offering to Boost Investment
Exciting Developments at Northern 3 VCT PLC
Northern 3 VCT PLC has recently announced a significant event that could reshape the investment landscape for its shareholders. The company has allotted a total of 6,596,320 ordinary shares, priced attractively between 89.71 pence and 94.89 pence, based on the Promoter’s Fee and Adviser Charge that applies to individual subscriptions. This step was taken as part of their strategic offering for the 2024/25 tax year, following a detailed prospectus released earlier in the year.
Details of the Share Allotment
The recent offering was met with a remarkable response, with the entire allocation being fully subscribed. The funds raised totaled an impressive £5,838,047.43, netting robust contributions from eager investors. As a result of this share allotment, Northern 3 VCT PLC has boosted its total ordinary shares to 151,110,646, creating a wider base for participation and investment.
Admission to Official List
In a bid to enhance its visibility and trading capability, an application will be made swiftly for these new ordinary shares to be admitted to the Official List maintained by the Financial Conduct Authority (FCA). There is an expectation that trading on the London Stock Exchange will commence approximately on or around 9 April. This strategic move is not only aimed at enhancing liquidity but also encourages more active participation from the investment community.
Understanding Voting Rights and Transparency
According to the FCA’s Disclosure Guidance and Transparency Rules, the Company currently has 151,110,646 ordinary shares that all carry voting rights. Shareholders are advised that this total constitutes the number they should use for calculations regarding their voting rights. It is important to note that Northern 3 VCT PLC doesn’t hold any treasury shares, solidifying the total number of voting rights available. This transparency is vital for investors who need clear and concise information about their holdings and voting power.
Engaging with Northern 3 VCT PLC
For those interested in learning more about Northern 3 VCT PLC and exploring its offerings, contacting their team is an excellent way to gain deeper insights. Inquiry responses can be directed to Sarah Williams or James Sly at Mercia Fund Management Limited, who are available to assist at 0330 223 1430.
Frequently Asked Questions
What is the significance of the recent share allotment by Northern 3 VCT PLC?
The share allotment raises significant funds that enhance investment potential for shareholders, allowing for more significant capital to be deployed into various opportunities.
When will the new shares start trading?
The new shares are expected to commence trading on or around 9 April, pending admission to the Official List by the FCA.
How many ordinary shares does Northern 3 VCT PLC have now?
Following the recent allotment, the total number of ordinary shares is 151,110,646.
Are all shares entitled to voting rights?
Yes, all ordinary shares carry voting rights, and stakeholders can use the total number of shares for voting calculations.
Who can I contact for more information about Northern 3 VCT PLC?
Inquiries can be directed to Sarah Williams or James Sly at Mercia Fund Management Limited by calling 0330 223 1430.
About The Author
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