Northern 2 VCT PLC Announces New Share Allotment and Details
Recent Share Allotment Details from Northern 2 VCT PLC
Northern 2 VCT PLC has made a significant move by allotting a total of 719,566 ordinary shares of 5p each. This action was a part of the company’s Dividend Investment Scheme, allowing shareholders to subscribe for additional shares at a rate of 56.9p per share. Following this allotment, the total number of ordinary shares in circulation has reached 241,200,293.
Admission to Trading and Official List
As Northern 2 VCT PLC moves forward, an application will be made promptly for these newly issued ordinary shares to join the Official List maintained by the Financial Conduct Authority (FCA). This step is crucial as it prepares the shares for a market presence on the London Stock Exchange, where trading is anticipated to start around a specified date shortly after the application.
Understanding Voting Rights in the Company
In line with regulatory obligations, the company reiterates that their capital now comprises a total of 241,200,293 ordinary shares, each holding a nominal value of 5p. These shares are complete with voting rights, underlining the importance of shareholders in participating in company decisions. Notably, Northern 2 VCT PLC does not retain any shares in treasury, ensuring that the total number of voting rights reflects all issued shares.
Importance of Voting Rights for Shareholders
The total voting rights provided by Northern 2 VCT PLC reach 241,200,293. This figure is essential for shareholders as it serves as a denominator in calculating whether they need to notify any changes in their voting rights concerning the company's stock. Maintaining transparency around voting rights is a priority for Northern 2 VCT PLC, fostering trust and engagement among its investors.
Company Contact Information
For any inquiries related to this share allotment or other investment matters, shareholders can reach out to Sarah Williams or James Sly at Mercia Fund Management Limited. They can be contacted via phone at 0330 223 1430 for any detailed discussions.
Website Accessibility
While engaging with the company's updates, shareholders are encouraged to visit the official website of Mercia Asset Management PLC. However, it is important to note that the contents of this website, along with any external sites linked therefrom, are not considered part of the official announcements made by the company.
Frequently Asked Questions
What is the significance of the new share allotment?
The new share allotment allows shareholders to increase their stake in Northern 2 VCT PLC and receive benefits from the Dividend Investment Scheme.
When will the new shares be available for trading?
The trading of new shares is expected to commence shortly after the application for admission to the Official List is made.
How many voting rights are associated with the newly allotted shares?
The total number of voting rights remains at 241,200,293 now, allowing transparent participation for shareholders.
Where can I find more information about my shares?
Shareholders can reach out directly to Mercia Fund Management Limited for detailed inquiries and regular updates on their investments.
Why is it important to understand voting rights?
Understanding voting rights helps shareholders make informed decisions about their investments and the company's governance.
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