Northern 2 VCT PLC Announces New Share Allotment Details
Northern 2 VCT PLC Announces New Share Allotment
Northern 2 VCT PLC is excited to share recent developments in its equity structure. The Company has allotted a total of 913,515 ordinary shares of 5p each under the Dividend Investment Scheme, which provides shareholders with an opportunity to subscribe for additional shares. The price per share was set at 55.5p, bringing the total number of ordinary shares in circulation to a remarkable 221,294,669.
Implications of the New Share Allotment
This allotment not only reflects the strong commitment of shareholders but also enhances the liquidity and capital structure of Northern 2 VCT PLC. The newly allotted shares will rank equally with the existing ones, ensuring that all shareholders have the same rights and privileges.
Future Trading and Market Positioning
Northern 2 VCT PLC plans to apply for the new shares to be included on the Official List of the Financial Conduct Authority (FCA) and expects trading on the London Stock Exchange’s platform to commence shortly thereafter. Shareholders can look forward to transactions being initiated around the end of January.
Shareholder Rights and Total Voting Rights
In compliance with the FCA’s Disclosure Guidance and Transparency Rules, the total number of voting rights now stands at 221,294,669. Each ordinary share carries full voting rights, allowing shareholders to participate actively in the Company’s governance.
Understanding Voting Rights
The total voting rights figure is crucial for shareholders as it serves as a denominator for calculating if they need to notify any changes in their voting rights associated with Northern 2 VCT PLC. This transparency helps maintain a fair and open market environment.
Key Contacts for Further Inquiries
Investors seeking more information can reach out to Sarah Williams or James Sly at Mercia Fund Management Limited at 0330 223 1430. They are available to answer any questions regarding the recent share allotment and its implications.
Frequently Asked Questions
What is the significance of Northern 2 VCT PLC's new share allotment?
The new share allotment allows for increased capital and liquidity in the market, benefiting current shareholders and attracting potential investors.
When will the new shares start trading?
Trading for the newly allotted shares is expected to commence on or around 27 January.
What are the voting rights for shareholders?
Each ordinary share carries voting rights, which shareholders can use to influence Company decisions during meetings.
Who can I contact for more information about this announcement?
For inquiries, shareholders can contact Sarah Williams or James Sly at Mercia Fund Management Limited.
How many ordinary shares are currently in issue for Northern 2 VCT PLC?
As of now, there are a total of 221,294,669 ordinary shares in issue.
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