Northern 3 VCT PLC Unveils Exciting New Share Offering
Northern 3 VCT PLC Introduces New Share Subscription Offer
Northern 3 VCT PLC is thrilled to announce a new share offer for subscription, which is now open following an initial communication about the opportunity. This initiative is part of the company's ongoing commitment to support investors within the Venture Capital Trust (VCT) landscape.
Details of the Share Offer
The offer caters to the 2024/25 tax year, allowing investors to subscribe to new ordinary shares. It's worth noting that this opportunity is available on a first-come, first-served basis, highlighting its competitive nature.
Exclusive Benefits for Existing Shareholders
As a token of gratitude, Northern 3 VCT PLC is offering a special benefit to its existing shareholders and their spouses or civil partners. Those who are registered with any of the Northern VCTs as of the specified cutoff date of September 20, 2024, and whose applications are approved, will enjoy a 0.5% reduction in the associated offer costs.
Timeline and Accessibility
The subscription period for this exciting offer will remain open until 12 noon on March 31, 2025. However, the directors of Northern 3 VCT PLC maintain the right to conclude the offer sooner if it becomes fully subscribed before the deadline.
Investment Information and Resources
Investors seeking more information can easily access a comprehensive investment brochure that outlines the essential features of the offer. Additionally, a downloadable prospectus is available through the Mercia website. Shareholders have already received this crucial information through their preferred communication channels. For those preferring a physical copy, it can be requested at no cost from the company's registered office or by reaching out to Mercia directly.
Commitment to the VCT Sector
By introducing this share offer, Northern 3 VCT PLC continues its strong dedication to providing valuable investment opportunities within the VCT sector. This strategic move aligns with the current regulations and seeks to optimize the benefits for its investors.
Frequently Asked Questions
What is the purpose of the new share offer by Northern 3 VCT PLC?
The new share offer allows investors to subscribe to new ordinary shares for the 2024/25 tax year while providing exclusive benefits to existing shareholders.
How long will the share offer be available?
The share offer will remain open until 12 noon on March 31, 2025, unless fully subscribed before that date.
What benefits do existing shareholders receive?
Existing shareholders and their spouses or civil partners can receive a 0.5% reduction in the offer costs if they are registered with any of the Northern VCTs by September 20, 2024.
Where can I find more information about the share offer?
Investors can access detailed information, including a brochure and prospectus, via the Mercia website or by contacting the company's registered office directly.
Is there any cost for obtaining a physical copy of the prospectus?
No, investors can obtain a physical copy of the investment documents at no cost by requesting it from the company's registered office or Mercia.
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