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.
