Northern 3 VCT PLC Expands Share Capital for Growth

Author: Evelyn Baker Updated: 09-05-2025 03:30 AM

Northern 3 VCT PLC Enhances Shareholder Value

Northern 3 VCT PLC is embarking on an exciting phase of growth as it announces a recent issuance of equity. The Company has allotted a total of 472,483 ordinary shares, each with a nominal value of 5p, to its shareholders under the Dividend Investment Scheme. This subscription is vital, as it reflects the ongoing commitment to enhance shareholder value.

Details of the New Allotment

The allotted shares were made available at a subscription price of 88.2p per share. The total number of ordinary shares now in circulation stands at 148,375,886. This significant increase in the share capital indicates the Company’s strategic efforts to enable further investment opportunities and fortify its market presence.

Admission to Stock Exchange

In a seamless continuation of this growth strategy, Northern 3 VCT PLC plans to submit an application for these new ordinary shares to be listed on the Official List of the Financial Conduct Authority and to commence trading on the London Stock Exchange. Such actions are expected to take place shortly, with dealings anticipated to start around mid-September 2025.

Understanding Voting Rights

As per the FCA’s Disclosure Guidance and Transparency Rules, the Company has declared that its total capital comprises 148,375,886 ordinary shares, all of which carry voting rights. This total number of voting rights is indicative of the empowerment shareholders have in influencing the direction of the Company. Accordingly, shareholders can use this figure, referred to as 'the Figure,' to determine their obligations about notifying changes in their voting rights.

Why Voting Rights Matter

The significance of voting rights cannot be overstated. They serve as a crucial avenue through which shareholders can participate in corporate governance and strategic decisions. Understanding the total number of voting rights helps stakeholders in gauging their influence and ensuring compliance with regulatory requirements.

Enquiries and Communication

For any inquiries, shareholders and interested parties are encouraged to reach out to Sarah Williams or James Sly at Mercia Fund Management Limited, reachable at 0330 223 1430. Open lines of communication are essential for fostering transparency and trust among investors.

Frequently Asked Questions

What does the new share allotment mean for shareholders?

The new share allotment enhances the capital of Northern 3 VCT PLC, which may lead to increased investment opportunities and potential shareholder value growth.

How many shares are currently outstanding?

There are currently 148,375,886 ordinary shares outstanding, which all have voting rights for shareholders.

When will the new shares begin trading?

The new shares are expected to commence trading on the London Stock Exchange around mid-September 2025.

What are voting rights and why are they important?

Voting rights enable shareholders to influence important company decisions, ensuring that they have a say in the direction of the company.

How can I contact the company for further information?

Inquiries can be directed to Sarah Williams or James Sly at Mercia Fund Management Limited by calling 0330 223 1430.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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