Northern 2 VCT PLC Subscription Offer Fully Subscribed
Northern 2 VCT PLC Subscription Offer Update
Northern 2 VCT PLC has provided an important update regarding its offer for subscription. This news follows a prior announcement made earlier in the year. The Company successfully raised a total of up to £15 million through its offer of new ordinary shares for the 2024/25 tax year. Its offer is now fully subscribed, which means no further applications will be accepted.
Closure of Offers by Northern Venture Trust PLC and Northern 3 VCT PLC
The subscription offers from both Northern Venture Trust PLC and Northern 3 VCT PLC have also been closed to further applications. This indicates a strong interest from investors in the products offered by these funds.
Details of the Subscription Success
The successful subscription reflects the confidence investors have in Northern 2 VCT PLC and the broader ecosystem of VCTs managed by Mercia Fund Management Limited. The raised amount signifies a positive outlook for the Company, indicating demand for investment opportunities available in the VCT market.
Investing in VCTs: A Smart Choice
Investing in Venture Capital Trusts (VCTs) can be attractive due to the tax benefits they offer investors. VCTs like Northern 2 VCT PLC provide opportunities to invest directly in growing companies while enjoying favorable tax treatments. This investment vehicle is particularly appealing for individuals looking to diversify their portfolios.
Contact Information for Inquiries
For those interested in learning more about Northern 2 VCT PLC or related inquiries, please reach out to Sarah Williams or James Sly at Mercia Fund Management Limited via telephone at 0330 223 1430. They are available to discuss opportunities or answer questions regarding the funds managed.
Frequently Asked Questions
What is the purpose of the subscription offer?
The subscription offer allows investors to buy shares in Northern 2 VCT PLC, providing capital that supports investment in growing companies.
How much was raised in the subscription offer?
The subscription offer raised up to £15 million, which is now fully subscribed.
Are there other VCTs managed by the same company?
Yes, Northern Venture Trust PLC and Northern 3 VCT PLC are also managed by Mercia Fund Management Limited and have closed their offers as well.
Can I still invest in Northern 2 VCT PLC?
No, the subscription offering is fully subscribed, and no further applications will be accepted at this time.
Who can I contact for more information?
You can contact Sarah Williams or James Sly at Mercia Fund Management Limited for detailed inquiries regarding the funds.
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