Northern 3 VCT PLC Announces Share Repurchase Program Details

Author: Dylan Bailey Updated: 07-03-2025 02:33 AM

Northern 3 VCT PLC's Recent Share Buyback

Northern 3 VCT PLC is excited to share its recent activity regarding share repurchase. On July 2, 2025, the Company executed a buyback of 2,176,639 ordinary shares priced at 85.50p each, totaling approximately 1.44% of the overall issued share capital.

Details of the Transaction

This strategic move was made under the authority provided by the shareholders, reflecting a strong commitment to enhance shareholder value. After this transaction, there are 148,934,007 ordinary shares remaining in circulation, showcasing the Company’s active management of its capital structure.

Authority Granted by Shareholders

The authority to repurchase shares was granted to the Company by its shareholders, empowering them to respond effectively to market conditions. By acquiring these shares for cancellation, Northern 3 VCT PLC is strategically reducing the number of shares in circulation, thereby increasing the relative value of the remaining shares.

Voting Rights and Share Capital

As part of the Financial Conduct Authority’s guidelines, it is crucial to note that the total issued share capital is composed entirely of 5p ordinary shares, all equipped with voting rights. This ensures that each shareholder has a voice in Company matters and reflects the democratic nature of corporate governance.

Implications of the Share Buyback

The repurchase of shares can often be a positive signal to the market, indicating that the Company believes its shares are undervalued. It provides confidence to current and prospective investors regarding the management's view on future growth and performance.

Future Outlook for Northern 3 VCT PLC

Looking ahead, Northern 3 VCT PLC remains committed to maximizing shareholder value and optimizing its investment strategies within the landscape of venture capital. Investors can expect to see continued actions that align with these objectives, ensuring robust management of resources and capital.

Contact Information

For further inquiries regarding this transaction, Sarah Williams and James Sly at Mercia Fund Management Limited are available at 0330 223 1430. Your questions and interests are very much welcomed as the Company continues to move forward with its strategic plans.

Frequently Asked Questions

What was the purpose of Northern 3 VCT PLC's share repurchase?

The buyback aimed to enhance shareholder value by reducing the number of shares in circulation.

How many shares were purchased under this transaction?

Northern 3 VCT PLC purchased 2,176,639 ordinary shares for cancellation.

At what price were the shares repurchased?

The shares were repurchased at a price of 85.50p each.

Who can shareholders contact for inquiries?

Shareholders can contact Sarah Williams or James Sly at Mercia Fund Management Limited.

How does the share repurchase affect voting rights?

The total number of voting rights decreases, as shares are canceled, thereby impacting the calculations for voting rights held.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

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