Northern Venture Announces Equity Allotment and Voting Rights
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Northern Venture Trust PLC Equity Allotment Announcement
Northern Venture Trust PLC (“the Company”) has recently allotted 908,739 ordinary shares of 25p each to its shareholders who subscribed under the terms of the Dividend Investment Scheme. The subscription price for these shares was set at 57.9p each. Following this allotment, the overall number of ordinary shares issued by the Company now stands at 200,907,847.
Admission of New Shares
There are plans to ensure that the newly allotted ordinary shares will be admitted to the Official List of the Financial Conduct Authority (“the FCA”) as quickly as possible. In tandem, these shares will also be presented for trading on the London Stock Exchange's market for listed securities. Dealings in these shares are anticipated to commence around the end of this month.
Total Capital and Voting Rights
In line with the FCA’s Disclosure Guidance and Transparency Rules (the “DTRs”), the Company has notified the market that its capital comprises 200,907,847 ordinary shares, each holding a nominal value of 25p. Importantly, all ordinary shares have voting rights, and the Company does not retain any treasury shares. Consequently, the total number of voting rights available in the Company is also 200,907,847 (“the Figure”). This figure serves as a reference for shareholders or other individuals to ascertain whether they are required to notify any changes in their voting rights concerning the Company's shares, as stipulated under the DTRs.
Enquiries and Further Information
For any inquiries regarding this announcement, shareholders can contact Sarah Williams or James Sly at Mercia Fund Management Limited by calling 0330 223 1430. The Company remains committed to keeping its stakeholders informed about significant developments.
Frequently Asked Questions
What does the recent allotment of shares signify?
The allotment indicates that Northern Venture Trust PLC has provided an opportunity for shareholders to increase their investment through the Dividend Investment Scheme.
When will the new shares begin trading?
Dealings for the newly allotted shares are expected to start on or around the end of this month.
What are the total voting rights for ordinary shares?
The total voting rights amount to 200,907,847 for the ordinary shares, as per the latest disclosures.
How is the subscription price for new shares determined?
The subscription price is based on the Company's established pricing mechanisms, which reflect current market conditions and the interest of shareholders.
Who can shareholders contact for queries regarding the share allotment?
Shareholders can reach out to Sarah Williams or James Sly at Mercia Fund Management Limited for any inquiries related to this news.
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