Significant Increase in Subscription Offer by Northern 3 VCT PLC
Northern 3 VCT PLC has recently announced an exciting development regarding its subscription offer for new ordinary shares. Driven by robust investor demand, the Company plans to elevate the total offer size from £20 million to £30 million for the 2025/2026 tax year. This adjustment aligns with previous announcements made in association with Northern Venture Trust PLC and Northern 2 VCT PLC.
Understanding the Offer Details
Applications will be accepted on a “first-come, first-served” basis, ensuring that all interested investors have the opportunity to participate. Notably, the Company acknowledges the loyalty of existing shareholders. If you are a shareholder in any of the Northern VCTs as of mid-June, along with your spouse or civil partner, you will qualify for a 0.5% discount on the offer costs associated with your subscription. This special consideration is a small token of appreciation for the ongoing support from long-standing investors.
Timeline for Applications
The subscription offers will remain accessible until 12 noon on 31 March 2026. However, if the offerings are fully subscribed prior to this date, the Company reserves the right to close them early. Investors are encouraged to act swiftly to secure their shares, as the growing demand may lead to quick subscriptions.
Prospectus Availability
Northern 3 VCT has made it easy for potential investors to access relevant documentation. A downloadable version of the prospectus detailing the offers is readily available. Moreover, you can request a free copy from the Company’s registered office, located at Forward House, 17 High Street, Henley-in-Arden B95 5AA, or reach out to Mercia Fund Management Limited by phone at 0330 223 1430.
Contact for Further Inquiries
If you have any questions regarding the subscription offer or need further assistance, Sarah Williams and James Sly at Mercia Fund Management Limited are your points of contact. They can be reached at 0330 223 1430. Their expertise ensures that all your inquiries will be handled with care.
Online Resources
Additional information is accessible through the Company website. While the contents on the website of Mercia Asset Management PLC and any accessible hyperlinks are not incorporated into this announcement, they provide valuable insights into the Company’s offerings and services.
Frequently Asked Questions
What is the purpose of the increased offer size?
The increased offer size aims to meet the rising investor demand for shares in Northern 3 VCT PLC.
How can shareholders benefit from the offer?
Existing shareholders can receive a 0.5% discount on their subscription costs when applying for new shares.
When will the subscription offer close?
The subscription offer will close at noon on 31 March 2026, unless it is fully subscribed beforehand.
Who can I contact for more information?
For inquiries, potential investors can contact Sarah Williams or James Sly at Mercia Fund Management Limited.
Where can I find the prospectus for this offer?
The prospectus is available for download online, or by request from the Company’s registered office.
