Northern 2 VCT PLC Announces Share Allotment
Northern 2 VCT PLC (“the Company”) has announced that it has allotted 662,290 ordinary shares of 5p each to shareholders who participated in the Company’s Dividend Investment Scheme. The shares were priced at 55.7p each. Following this allotment, the total number of ordinary shares in circulation now stands at 223,773,864.
Application for Admission to Trading
The Company plans to apply as soon as possible for the new ordinary shares to be included in the Official List of the Financial Conduct Authority (“the FCA”). Additionally, these shares will be available for trading on the London Stock Exchange’s market for listed securities. Trading is expected to begin shortly thereafter, likely around the end of this month.
Impact on Total Voting Rights
In line with the FCA’s Disclosure Guidance and Transparency Rules (the “DTRs”), the Company is informing the market that its capital consists of 223,773,864 ordinary shares, each with a nominal value of 5p. All ordinary shares come with voting rights, and it is important to note that the Company does not hold any ordinary shares in treasury.
Understanding Voting Rights
The total number of voting rights in the Company is confirmed to be 223,773,864 (“the Figure”). This Figure is crucial for shareholders and other interested parties when assessing whether they need to notify the Company about their voting rights or any changes to those rights, as required by the DTRs.
Enquiries and Contact Information
If you have any questions, please contact Sarah Williams or James Sly at Mercia Fund Management Limited by calling 0330 223 1430. They will be happy to provide additional information regarding this announcement.
Frequently Asked Questions
What is the recent announcement by Northern 2 VCT PLC?
Northern 2 VCT PLC announced the allotment of 662,290 ordinary shares to shareholders under its Dividend Investment Scheme.
What is the subscription price for the new shares?
The subscription price for the newly allotted shares was 55.7p each.
How many ordinary shares are currently in issue?
After the recent allotment, there are a total of 223,773,864 ordinary shares in issue.
When will the new shares be available for trading?
The new ordinary shares are expected to commence trading on the London Stock Exchange around the end of this month.
What should shareholders know about voting rights?
The total voting rights in the Company are currently 223,773,864, and this number is essential for shareholders when determining their notification obligations under the DTRs.
