Northern 2 VCT PLC Announces Significant Equity Allotment

Author: Ryan Hughes Updated: 04-03-2025 05:15 AM

Significant Equity Allotment by Northern 2 VCT PLC

Northern 2 VCT PLC proudly announces a key update regarding equity and total voting rights. Recently, the Company allotted 25,531,778 ordinary shares of 5p each as part of their subscription offer for the current tax year. This follows the prospectus released earlier and represents an exciting opportunity for investors.

Details of the Allotment

The newly issued ordinary shares were priced between 57.68 pence and 61.11 pence per share, depending on various factors such as the level of fees associated with each application. This strategic pricing approach reflects the Company's commitment to transparency and fair valuation.

Subscription Overview

With the offer fully subscribed, the Company received a total of £14,527,926.19 in subscription amounts, indicating strong investor confidence. The total number of ordinary shares now stands at 245,384,608, bolstering the Company's capital base and ongoing projects.

Admission to Trading

Following this allotment, steps will be taken to ensure the new shares are admitted to the Official List managed by the Financial Conduct Authority. Dealings on the London Stock Exchange are anticipated to commence shortly, thereby increasing market liquidity and investment opportunities.

Voting Rights Overview

In line with the FCA's Disclosure Guidance and Transparency Rules, the total voting rights for the Company are confirmed to be 245,384,608. This number is crucial for shareholders as it serves as the denominator for determining required notifications regarding voting rights changes.

Supporting Communication

The Company’s latest announcement underscores its ongoing commitment to keeping stakeholders informed about significant developments. Defined terms in this update carry the same meanings as stipulated in the original prospectus.

Contact Information

For further inquiries or clarification, please contact Sarah Williams or James Sly at Mercia Fund Management Limited by calling 0330 223 1430. The team is dedicated to providing the necessary support for both potential and existing investors.

Visit the Mercia Fund Management website for more information about their investment opportunities and updates.

Frequently Asked Questions

What is the significance of the recent equity allotment?

The equity allotment increases the Company’s capital while enhancing investor participation in future growth initiatives.

What were the share prices for the new allotment?

The shares were issued at prices ranging from 57.68 pence to 61.11 pence depending on application fees.

How many shares are currently in circulation?

After the allotment, Northern 2 VCT PLC has a total of 245,384,608 ordinary shares in circulation.

When will the new shares start trading?

Trading of the new shares is expected to commence on or around the specified date in the announcement.

Who can I contact for more details?

For more information, reach out to Sarah Williams or James Sly at Mercia Fund Management, using the provided contact number.

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.

Contact Ryan Hughes privately here. Or send an email with ATTN: Ryan Hughes as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.