Northern 2 VCT PLC Announces Share Purchase for Cancellation

Author: Ryan Hughes Updated: 03-24-2025 12:31 PM

Northern 2 VCT PLC Announces Recent Share Transaction

Northern 2 VCT PLC has made a significant announcement regarding its capital management strategy. The Company recently executed a purchase for the cancellation of its ordinary shares, showcasing its commitment to enhancing shareholder value.

Details of the Share Purchase

On a recent date, Northern 2 VCT PLC purchased a total of 1,441,839 ordinary shares, each with a nominal value of 5p. The purchase occurred in the open market at a price of 54.06p per share. This action constitutes approximately 0.65% of the Company’s total issued ordinary share capital, which presently includes 219,852,830 shares.

Understanding Share Capital Adjustments

The cancellation of these shares from the issued capital is a strategic move by Northern 2 VCT PLC to optimize its capital structure. By reducing the number of shares in circulation, the Company aims to increase the value of remaining shares for its investors.

Compliance with Regulatory Framework

In alignment with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (DTRs), Northern 2 VCT PLC has ensured transparent communication of this process. The Company’s capital now consists solely of the aforementioned ordinary shares, each bearing full voting rights. It is worth noting that the Company retains no shares in treasury, thereby ensuring all issued shares are active in determining voting rights.

Voting Rights and Shareholder Notifications

The total number of voting rights now stands at 219,852,830, an important figure that shareholders must consider when calculating their voting percentages and obligations. Any changes in holding must be reported to maintain compliance with regulatory requirements.

Company Enquiries

For additional information regarding this transaction, interested parties can reach out to the following contacts: Sarah Williams and James Sly at Mercia Fund Management Limited via phone at 0330 223 1430. They will be able to provide further insights into the implications of this purchase on the Company’s future.

Visit Our Website for More Information

For comprehensive details about Northern 2 VCT PLC and its ongoing initiatives, visit the official website at www.mercia.co.uk/vcts. The site provides key updates and resources for investors.

Frequently Asked Questions

What was the recent share purchase by Northern 2 VCT PLC?

The Company purchased 1,441,839 ordinary shares for cancellation at 54.06p each.

How does this share purchase impact the Company's capital?

This purchase reduces the total issued share capital, potentially increasing the value of remaining shares for investors.

Who can be contacted for more details about the transaction?

Sarah Williams and James Sly from Mercia Fund Management Limited can be contacted for inquiries.

What is the total number of voting rights after this transaction?

After the share purchase, the total number of voting rights is 219,852,830.

Where can I find additional information about Northern 2 VCT PLC?

Visit the Company's official website for more information and updates.

About The Author

Hello, my name is Ryan Hughes. I am a financial, economics, and stock market specialist committed to assisting people in negotiating the intricacies of the financial system. Having a great deal of experience and a thorough grasp of market dynamics and economic trends, my area of expertise is converting complex financial ideas into understandable, practical knowledge. By use of my articles and blog entries, I hope to give you the information and assurance you need to make wise financial choices.

I've had the honor of interacting with a wide range of readers as a writer for several financial blogs, from new investors to seasoned market participants. To enable you to reach your financial goals, I want to make finance, economics, and stock market trends understandable and approachable. I appreciate you traveling with me toward success and financial literacy.

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